Demands for credits rose slightly in the last week of February as interest rates fell, data of the Bulgarian National Bank shows. Between February 23 and March 1 the banks extended new credits amounting to BGN 55,5 M, up 7,98% compared to the week before. Though the price of the short-term dollar resource started to increase in the last week of February, the interest on short-term dollar-denominated loans remained the lowest. The price of the lev- and euro-denominated resource decreased as a result of which the long-term dollar resource was the most expensive.

During the same period the banks extended some BGN 23,5 M short-term loans, compared to BGN 24,1 M the week before. The interest on credits in levs remained unchanged at 11,94%. The volume of newly extended long-term credits was BGN 32,0 M, up from BGN 27,4 M between February 16 and February 22. This was due to the increase in lev loans, which prompted a fall in the interest rates. A total of BGN 25,3 M were extended in long-term lev loans, the price of the resource fell to 12,06% from 16,24% the week before.

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