Bulgaria's non-govt borrowing growth speeds up to 6.1% y/y at end-April

Bulgaria's non-govt borrowing growth speeds up to 6.1% y/y at end-April

Loans to Bulgaria's non-government sector increased by 6.1% year-on-year at the end of April, reaching 66.9 billion levs ($41.9 billion/34.2 billion euro), following an annual rise of 4.6% at the end of March, the central bank, BNB, said on Thursday.

The value of loans at the end of April was equivalent to 53.1% of Bulgaria's forecast 2021 gross domestic product, the BNB said in a statement.

Loans to non-financial corporations amounted to 36 billion levs at the end of April - up 4.3% on an annual comparison basis.

Loans to households rose by an annual 8.5% to 26.4 billion levs at the end of April, while loans to financial corporations totalled 4.5 billion levs, up 6.6% on the year.

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Bulgaria's non-govt deposit growth slows to 11.4% y/y at end-April

Deposits of Bulgaria's non-government sector rose by 11.4% year-on-year at the end of April, to 95.6 billion levs ($59.9 billion/48.9 billion euro), after growing by 12.2% on the year at the end of March, the central bank, BNB, said on Thursday.

At the end of April, the value of deposits was equal to 75.8% of Bulgaria's estimated 2021 gross domestic product, the BNB said in a statement.

Deposits of households increased by 11.9% year-on-year at the end of April, reaching 63.5 billion levs.

Deposits of non-financial corporations totalled 29.1 billion levs at the end of April, up by an annual 12.5%, while deposits of financial corporations decreased by 6.9% to 3 billion levs.

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Bulgaria's M3 money supply growth slows to 12.8% at end-April

Bulgaria's M3, the broadest gauge of money supply, increased by 12.8% on the year to 117.2 billion levs ($73.4 billion/59.9 billion euro) at the end of April, compared to an annual growth rate of 13.6% a month earlier, the central bank said on Thursday.

The narrowest measure of money supply, M1, rose 16.9% year-on-year to 87 billion levs at the end of April, following an 18% annual rise at the end of March, the Bulgarian National Bank said in a statement.

Net foreign assets added 11.3% on the year at the end of April, reaching 67.9 billion levs, while net domestic assets rose 10.7% to 72 billion levs.

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