Bulgaria's non-govt deposit growth slows down to 11.8% y/y in Sept

Bulgaria's non-govt deposit growth slows down to 11.8% y/y in Sept

The deposits of Bulgaria's non-government sector increased by 11.8% year-on-year in September, reaching 100.3 billion levs ($59.6 billion/51.3 billion euro), after growing by an annual 12% in August, the central bank, BNB, said on Tuesday.

At the end of September, the value of deposits was equal to 78.1% 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 September, reaching 64.5 billion levs.

The deposits of non-financial corporations totalled 31.6 billion levs at the end of September, up by an annual 10.8%, while deposits of financial corporations went up 36.3% to 4.2 billion levs.

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Bulgaria's non-govt borrowing up 7.6% y/y at end-Sept

Loans to Bulgaria's non-government sector increased by 7.6% year-on-year in September, reaching 69.2 billion levs ($41.0 billion/34.9 billion euro), following an annual rise of 7.5% in August, the central bank, BNB, said.

The value of loans at the end of September was equivalent to 53.9% of gross domestic product planned for 2021, the BNB said in a statement on Monday.

Loans to non-financial corporations amounted to 36.2 billion levs at the end of September, up 4.1% on an annual comparison basis.

Loans to households rose by an annual 11.8% to 28.1 billion levs at the end of September, while loans to financial corporations totalled 4.8 billion levs, up 11.3% on the year.

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Bulgaria sells 255.6 mln euro of 10-1/2-yr T-bonds at 0.53% yield

Bulgaria sold 500 million levs ($296.7 million/255.6 million euro) worth of ten-and-a half-year Treasury bonds due in August 2031 at an auction held on Monday, the Bulgarian National Bank (BNB) said on Tuesday.

The T-bonds were placed at a weighted average annual yield of 0.53%, the central bank said in a statement.

Bulgaria sold 300 million levs worth of T-bonds at the previous auction of the issue held last month.

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Bulgaria's M3 money supply growth slows down to 13.3% y/y in Sept

Bulgaria's M3, the broadest gauge of money supply, rose 13.3% on the year to 122.8 billion levs ($72.9 billion/62.8 billion euro) in September, compared to an annual growth rate of 13.6% a month earlier, the central bank said.

The narrowest measure of money supply, M1, increased by 20.1% year-on-year, reaching some 94.8 billion levs in September, following a 20.7% annual rise in August, the Bulgarian National Bank (BNB) said in a statement on Monday.

Net foreign assets went up by an annual 8.4% in the month under review, reaching 73.8 billion levs, while net domestic assets rose by 15% to 72.6 billion levs.

 

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