8-year Peak in Residential and Consumer Loans in Bulgaria
The record low interest rates greatly revived lending in the country and brought it to levels we had not seen since mid-2009, reports bgnes.
BNB data show that in September 2017 the average interest rate on consumer loans in leva decreased compared to September 2016 by 0.82 percentage points - to 8.08% and those in euro - by 1.27 percentage points - to 4.90%.
The downward trend in interest rates is also maintained on a monthly basis, as in September 2017 compared to August 2017, the average interest rate on consumer loans in leva decreased by 0.03 percentage points and that in euro by 0.06 percentage points. In the case of leva loans for house purchase, it decreased by 0.02 percentage points and in the case of euro loans for house purchases - by 0.20 percentage points.
Novinite