BNB: Deposits Increased By Over 7% in February

Business » FINANCE | March 24, 2017, Friday // 13:49| Views: | Comments: 0
  • Send to Kindle
Bulgaria: BNB: Deposits Increased By Over 7% in February File photo: EPA/BGNES

In February, 2017 broad money increased annually by 7.3% compared to 7.6% annual growth in January, 2017, according to the Bulgarian National Bank.

At the end of February 2017, deposits of the non-government sector were BGN 68.368B or 71.8% of GDP, increasing annually by 7.1%.

Deposits of Non-Financial corporations were 20% of GDP at the end of February, 2017. Compared to the same month of the previous year they increased by 7.9%.

Deposits of financial corporations increased by 15.5% annually in February, 2017 and at the end of the month they reached 4% of GDP.

Net domestic assets were BGN 48.674B at the end of February and they decreased by 4.2% compared to the same period of 2016. 

At the end of February, 2017, claims on loans to the non-government sector amounted to BGN 50.742B or 53.3% of GDP. They increased annually by 3.4%  in February, 2017 compared to 3.1% annual increase in January 2017.

Furthermore, in February, 2017, loans to Non-Financial corporations increased by 1.8% and at the end of the month amounted to BGN 30.561B or 32.1% of GDP.

For the same period, loans for house purchases were increased by 2% and consumer loans amounted to BGN 7.317B and compared to February, 2016 they increased by 3%.

On an annual basis other loans increased by 73.9% and reached BGN 1.209B, including loans for education and health care.

Loans granted to financial corporations were BGN 1.504 billion at the end of February 2017 (1.6% of GDP).

Compared to February 2016, they increased by 25.9% (26.5% annual growth in January 2017.

Finance » Be a reporter: Write and send your article
Tags: Bulgarian National Bank, loans, deposits, increase, decrease  
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria