Bulgaria's non-govt borrowing growth slows to 5.8% y/y in Oct

Bulgaria's non-govt borrowing growth slows to 5.8% y/y in Oct

Loans to Bulgaria's non-government sector increased by 5.8% year-on-year to 64.9 billion levs ($39.4 billion/33.2 billion euro) at the end of October, following an annual rise of 5.9% in September, the central bank, BNB, said on Tuesday.

The value of loans at the end of October was equivalent to 58.4% of Bulgaria's forecast 2020 gross domestic product, the BNB said in a statement.

Loans to non-financial corporations amounted to 35.2 billion levs at the end of October, up by 2.2% on the year.

Loans to households rose by an annual 7.1% to 25.3 billion levs, while loans to financial corporations totalled 4.3 billion levs, up 34.3%.

 

Bulgaria's non-govt deposits growth slows down to 8.7% y/y at end-Oct

Deposits of Bulgaria's non-government sector increased by an annual 8.7% to 90.5 billion levs ($55.0 billion/46.3 billion euro) at the end of October, after growing by 9.0% year-on-year in September, the central bank, BNB, said on Tuesday.

At the end of October, the value of deposits was equal to 81.5% of Bulgaria's estimated 2020 gross domestic product, the BNB said in a statement.

Deposits of households increased by an annual 8.6% to 58.9 billion levs at the end of October.

Deposits of non-financial corporations totalled 28.2 billion levs, up by 9.4% year-on-year, while deposits of financial corporations increased by 4.8% to 3.3 billion levs.

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