Bulgaria's Household Deposits Swell to BGN 38B
Household deposits in Bulgaria have increased by almost 11% on an annual basis, according to Bulgarian National Bank data released Tuesday.
Deposits of households and non-profit institutions serving households (NPISHs) were BGN 38.347B (47.6% of GDP) at the end of January 2014, increasing by 10.7% compared to the same month of 2013.
At the end of January 2014, deposits of the non-government sector were BGN 57.582B, or 71.5% of GDP, increasing by 9.9% on an annual basis.
At the end of January 2014, claims on loans to the non-government sector amounted to BGN 54.492B compared to BGN 54.863B at the end of December 2013. They declined by 0.4% on an annual in January 2014.
Loans to non-financial corporations decreased by 0.6% annually and at the end of January amounted to BGN 34.899B.
Loans to households and NPISHs were BGN 18.592B by end-January 2014 which is a 0.2% drop compared to the same month of 2013.
Consumer loans amounted to BGN 7.397B which is a 2.2% increase, according to the Bulgarian National Bank.
Other loans decreased by 7.8% on an annual basis and reached BGN 845M.
Loans granted to financial corporations were BGN 1.002B at the end of January 2014 which is a 3.5% annual increase.
- » Bulgaria Fin Min Expects 0.7% Budget Surplus as of End-August
- » Bulgaria Reports 0.9% Budget Surplus as of End-July
- » Bulgaria’s C-Bank to Replace BGN 2 Banknotes with BGN 2 Coins by end-2015
- » Bulgaria’s EconMin Proposing Tenfold Rise in Fuel Fraud Fines
- » Government Nominates C-Bank Head as Governor for Bulgaria in IMF
- » Foreign Direct Investment in Bulgaria Reaches Almost EUR 800 M in H1