Includes special features of this country’s banking system and rules/laws that might impact U.S. business.
Last Published: 9/19/2019
The Bulgarian National Bank (BNB; http://www.bnb.bg/?toLang=_EN) regulates and supervises other banks’ activities, carries out research and compiles and analyzes statistical data. BNB is a member of the European System of Central Banks. BNB operates independently of the government and reports directly to Parliament. The Bulgarian currency is pegged to the euro; the fixed exchange rate is 1 EUR = 1.95583 BGN.

The World Bank indicates there are some 43.507 ATMs per 100,000 Bulgarians .

There are 25 commercial banks in Bulgaria; five are branches of foreign banks. Citibank and Bulgarian-American Credit Bank are the only U.S. banks with an office in Bulgaria.                                                                                

While credit cards and e-banking are popular, personal checks are largely unknown and unused. The number of POS terminals in the country and the share of the non-cash transactions grew significantly in the past few years.
 
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Bulgaria Market Access Banks