The New BNB Balance Sheet: How Bulgaria Integrates into the Eurozone

Since the beginning of the year, the Bulgarian National Bank (BNB) has introduced a new format for its balance sheet, reflecting Bulgaria's full participation in the Eurozone. This was stated by the Governor of the BNB, Dimitar Radev. The new balance sheet, aligned with the methodology of the European Central Bank (ECB), aims for greater transparency and clarity. It replaces the previous publications of the 'Issue' and 'Banking' directorates.

Bulgaria joined the Eurozone with a stable financial position, including increased gold reserves. The increased size of the balance sheet reflects the expanded role of the BNB as a participant in the monetary policy of the Eurozone. The new balance sheet serves as an important benchmark for financial markets and society, highlighting the country's deeper integration into the single currency union.

Why a New Balance Sheet?

The new balance sheet is published on a weekly, monthly, and annual basis. It is structured according to the ECB's methodology and is comparable to the balance sheets of other central banks in the Eurozone.

The BNB provides detailed methodological information for the balance sheet, explaining the main positions and their connection with the operations of the Eurosystem. The aim is to provide clear and understandable information.

What Information Does the Balance Sheet Provide?

The balance sheet provides a systematized picture of the central bank's assets and liabilities, tracks the country's cash position, and the liquidity of the banking sector.

The Balance Sheet and Monetary Policy

The balance sheet reflects the monetary policy decisions of the Eurosystem and the BNB's participation in the common monetary policy instruments.

Informational Benchmark

The balance sheet serves as a benchmark for assessing monetary conditions and liquidity. This supports the formation of market expectations.

The Larger Size of the Balance Sheet

The larger size of the balance sheet reflects membership in the Eurozone and the broader role of the BNB.

The Change in the Role of the BNB

The BNB is transitioning from an institution maintaining a currency regime to an active participant in the monetary policy of the Eurozone.

The Message to Society

The new balance sheet shows the full functioning of Bulgaria as part of the Eurozone. The BNB continues to perform its functions with stability and expertise.