Bulgaria's non-govt deposit growth speeds up to 11.9% y/y in Jan

Bulgaria's non-govt deposit growth speeds up to 11.9% y/y in Jan

Deposits of Bulgaria's non-government sector rose by 11.9% year-on-year in January, to 94.1 billion levs ($58.4 billion/48.1 billion euro), after growing by 9.7% on the year in December, the central bank, BNB, said on Tuesday.

At the end of January, the value of deposits was equal to 74.6% of Bulgaria's estimated 2021 gross domestic product, the BNB said in a statement.

Deposits of households increased by 10.5% year-on-year in January, reaching 61.6 billion levs.

Deposits of non-financial corporations totalled 29.2 billion levs at the end of January, up by an annual 13.5%, while deposits of financial corporations increased by 25.4% to 3.2 billion levs.

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