Bulgarians' Savings Up BGN 456 M in April 2014

Business » FINANCE | June 1, 2014, Sunday // 14:25
Bulgaria: Bulgarians' Savings Up BGN 456 M in April 2014 Photo by BGNES

Bulgarians saved a total of BGN 456 M in April 2014, according to statistics of the Bulgarian National Bank (BNB).

Deposits, including interests paid on them, reached a total of BGN 40.74 B.

Deposits of households exceeded BGN 40 B in end-March, when the total amount of money stored in accounts of natural persons stood at BGN 40.28 B.

In April 2014, the pace of growth of savings was 1.1% higher compared to the previous two months, according to the BNB.

In March 2014, deposits increased by BGN 181.9 M and in February 2014 Bulgarians saved BGN 208.4 M.

The high rate of increase is not unprecedented as deposits of natural persons increased by more than BGN 641 M in January 2014, according to Trud daily.

At the same time, Bulgarians remained cautious as regards taking new loans.

Consumer loans increased by BGN 12 M in April 2014.

Company loans went up by BGN 341 M, reaching BGN 39.1 B in April 2014, compared to an increase by BGN 283.5 M in March and an increase by BGN 369 M in February.

Meanwhile, profits of banks reached BGN 306 M in end-April 2014, compared to BGN 211 M by end-April 2013, due to the reduction in expenses on interests.

Assets of banks stood at BGN 86.4 B.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: Bulgarian National Bank, savings, deposits, consumer loans, corporate lending

Advertisement
Advertisement
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