Bulgaria's non-govt borrowing growth speeds up to 4.6% y/y in Jan

Bulgaria's non-govt borrowing growth speeds up to 4.6% y/y in Jan

Loans to Bulgaria's non-government sector increased by 4.6% year-on-year in January, reaching 65.7 billion levs ($40.8 billion/33.6 billion euro), following an annual rise of 4.4% in December, the central bank, BNB, said on Tuesday.

The value of loans at the end of January was equivalent to 52.2% of Bulgaria's forecast 2021 gross domestic product, the BNB said in a statement.

Loans to non-financial corporations amounted to 35.9 billion levs at the end of January - up 3.4% on an annual comparison basis.

Loans to households rose by an annual 6.3% to 25.6 billion levs in January, while loans to financial corporations totalled 4.3 billion levs, up 4.4% on the year.


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