Bulgaria Financial Sector Assessment Program : Nonperforming Loans Reduction Strategy
This Technical Note (TN) examines the current state of NPLs in Bulgaria and makes recommendations for a strategy to substantially reduce NPLs. These strategy recommendations were developed based on an assessment of the relevant regulatory and super...
| Main Authors: | , |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/552041497970879525/Bulgaria-Nonperforming-loans-reduction-strategy-technical-note http://hdl.handle.net/10986/27535 |
| id |
okr-10986-27535 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-275352021-05-25T09:01:36Z Bulgaria Financial Sector Assessment Program : Nonperforming Loans Reduction Strategy International Monetary Fund World Bank MACROPRUDENTIAL APPROACH LOAN LOSS PROVISIONING NONPERFORMING LOANS COLLATERAL WRITE-DOWNS This Technical Note (TN) examines the current state of NPLs in Bulgaria and makes recommendations for a strategy to substantially reduce NPLs. These strategy recommendations were developed based on an assessment of the relevant regulatory and supervisory framework and bank practices, including relevant standards and practices for accounting treatments, early warning systems, NPL market development, and collateral valuation. The TN sets forth macroprudential approaches and other components of a sound strategy for NPL reduction, including improvements to loan loss provisioning, income recognition on NPLs, loan write-downs, early warning systems, collateral valuation, risk information for investors, and the NPL market. The NPL management process involves many stakeholders, and their mutual cooperation is important for success. The Bulgarian National Bank (BNB), in its capacity as bank supervisor and regulator and as macroprudential authority for banks, will be in the lead position on the implementation of key aspects of the NPL reduction strategy that can achieve progress in the near term. Broader policies to enhance NPL resolution entail other stakeholders, including the Ministry of Justice (MoJ) that would need to engage in the areas of insolvency and collateral enforcement regimes. 2017-07-06T21:17:19Z 2017-07-06T21:17:19Z 2017-06 Report http://documents.worldbank.org/curated/en/552041497970879525/Bulgaria-Nonperforming-loans-reduction-strategy-technical-note http://hdl.handle.net/10986/27535 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program Economic & Sector Work Europe and Central Asia Bulgaria |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
MACROPRUDENTIAL APPROACH LOAN LOSS PROVISIONING NONPERFORMING LOANS COLLATERAL WRITE-DOWNS |
| spellingShingle |
MACROPRUDENTIAL APPROACH LOAN LOSS PROVISIONING NONPERFORMING LOANS COLLATERAL WRITE-DOWNS International Monetary Fund World Bank Bulgaria Financial Sector Assessment Program : Nonperforming Loans Reduction Strategy |
| geographic_facet |
Europe and Central Asia Bulgaria |
| description |
This Technical Note (TN) examines the
current state of NPLs in Bulgaria and makes recommendations
for a strategy to substantially reduce NPLs. These strategy
recommendations were developed based on an assessment of the
relevant regulatory and supervisory framework and bank
practices, including relevant standards and practices for
accounting treatments, early warning systems, NPL market
development, and collateral valuation. The TN sets forth
macroprudential approaches and other components of a sound
strategy for NPL reduction, including improvements to loan
loss provisioning, income recognition on NPLs, loan
write-downs, early warning systems, collateral valuation,
risk information for investors, and the NPL market. The NPL
management process involves many stakeholders, and their
mutual cooperation is important for success. The Bulgarian
National Bank (BNB), in its capacity as bank supervisor and
regulator and as macroprudential authority for banks, will
be in the lead position on the implementation of key aspects
of the NPL reduction strategy that can achieve progress in
the near term. Broader policies to enhance NPL resolution
entail other stakeholders, including the Ministry of Justice
(MoJ) that would need to engage in the areas of insolvency
and collateral enforcement regimes. |
| format |
Report |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
Bulgaria Financial Sector Assessment Program : Nonperforming Loans Reduction Strategy |
| title_short |
Bulgaria Financial Sector Assessment Program : Nonperforming Loans Reduction Strategy |
| title_full |
Bulgaria Financial Sector Assessment Program : Nonperforming Loans Reduction Strategy |
| title_fullStr |
Bulgaria Financial Sector Assessment Program : Nonperforming Loans Reduction Strategy |
| title_full_unstemmed |
Bulgaria Financial Sector Assessment Program : Nonperforming Loans Reduction Strategy |
| title_sort |
bulgaria financial sector assessment program : nonperforming loans reduction strategy |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/552041497970879525/Bulgaria-Nonperforming-loans-reduction-strategy-technical-note http://hdl.handle.net/10986/27535 |
| _version_ |
1764464816365240320 |