Bulgaria's non-govt deposit growth speeds up to 12% y/y at end-Feb

Bulgaria's non-govt deposit growth speeds up to 12% y/y at end-Feb

Deposits of Bulgaria's non-government sector rose by 12% year-on-year at the end of February, to 95 billion levs ($57.7 billion/48.6 billion euro), after growing by 11.9% on the year at the end of January, the central bank, BNB, said on Tuesday.

At the end of February, the value of deposits was equal to 75.3% of Bulgaria's estimated 2021 gross domestic product, the BNB said in a statement.

Deposits of households increased by 11.3% year-on-year at the end of February, reaching 62.5 billion levs.

Deposits of non-financial corporations totalled 29.3 billion levs at the end of February, up by an annual 13.3%, while deposits of financial corporations increased by 13.9% to 3.2 billion levs.

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Bulgaria's non-govt borrowing growth slows to 4.1% y/y at end-Feb

Loans to Bulgaria's non-government sector increased by 4.1% year-on-year at the end of February, reaching 65.9 billion levs ($40.1 billion/33.7 billion euro), following an annual rise of 4.6% at the end of January, the central bank, BNB, said on Tuesday.

The value of loans at the end of February was equivalent to 52.3% of Bulgaria's forecast 2021 gross domestic product, the BNB said in a statement.

Loans to non-financial corporations amounted to 35.8 billion levs at the end of February - up 2.6% on an annual comparison basis.

Loans to households rose by an annual 6.3% to 25.8 billion levs in February, while loans to financial corporations totalled 4.3 billion levs, up 4.4% on the year.

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