Bulgaria's non-govt borrowing up 7.5% y/y at end-Aug

Bulgaria's non-govt borrowing up 7.5% y/y at end-Aug

Loans to Bulgaria's non-government sector increased by 7.5% year-on-year in August, reaching 68.3 billion levs ($41.0 billion/34.9 billion euro), following an annual rise of 7.2% in July, the central bank, BNB, said on Thursday.

The value of loans at the end of August was equivalent to 53.2% of gross domestic product planned for 2021, the BNB said in a statement.

Loans to non-financial corporations amounted to 35.8 billion levs at the end of August, up 4.2% on an annual comparison basis.

Loans to households rose by an annual 11.5% to 27.8 billion levs at the end of August, while loans to financial corporations totalled 4.8 billion levs, up 9.9% on the year.

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Bulgaria's non-govt deposit growth speeds up to 12% y/y in Aug

The deposits of Bulgaria's non-government sector increased by 12% year-on-year in August, reaching 99.5 billion levs ($59.7 billion/50.9 billion euro), after growing by an annual 11.8% in July, the central bank, BNB, said on Thursday.

At the end of August, the value of deposits was equal to 77.5% of Bulgaria's projected 2021 gross domestic product, the BNB said in a statement.

The deposits of households increased by 10.9% year-on-year in August, reaching 64 billion levs.

The deposits of non-financial corporations totalled 31.3 billion levs at the end of August, up by an annual 13.5%, while deposits of financial corporations went up 18.3% to 4.2 billion levs.

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Bulgaria's M3 money supply growth speeds up to 13.6% y/y in Aug

Bulgaria's M3, the broadest gauge of money supply, rose 13.6% on the year to 122 billion levs ($73.1 billion/62.4 billion euro) in August, compared to an annual growth rate of 13.4% a month earlier, the central bank said on Thursday.

The narrowest measure of money supply, M1, added 20.7% year-on-year, reaching some 93.6 billion levs in August, following a 19.8% annual rise in July, the Bulgarian National Bank (BNB) said in a statement.

Net foreign assets increased by an annual 14.9% in the month under review, reaching 73.8 billion levs, while net domestic assets rose by 8.7% to 71.8 billion levs.

Details follow:

end-Aug (mln levs) end-Aug y/y pct change end-July y/y pct change M3 122,007 13.6 13.4 M1 93,576 20.7 19.8 M2-M1 28,431 -5.0 -3.0 Net foreign assets 73,805 14.9 13.9 Net domestic assets 71,849 8.7 9.6

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