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.

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