Bulgaria

Bulgaria

Money markets

Products:

  • Demand deposits (one day notice). BGN and major currencies.
  • FX Swaps (tenors up to 6 months)

Bulgarian Money Market:

  • Major volumes up to 1 month
  • Daily turnover around BGN 300m
  • Average transaction BGN 5m
  • Big ticket > BGN 20m
  • Day count basis: Act/360
  • Reference rate: BNB Central Interest Rate equal to the average value of LEONIA (Lev Overnight Index Rate) for the previous month

BNB Reserve Regulations:

  • 10% of all liabilities (only local interbank deposits are excluded), adjusted on a daily basis.

 

BNB Reserve Regulations:

  • Bank quotes ING base rates for BGN and major currencies which are used as benchmarks for loan/overdraft facilities.

 

For more information and fresh quotations, please call ING Bank Sofia.

ING Bank Sofia
Phone: +359 2 917 6714
   
E-mail: ing.infobg@ingbank.com