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

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

The deposits of Bulgaria's non-government sector increased by 12.1% year-on-year at the end of June, reaching 96.8 billion levs ($58.2 billion/49.4 billion euro), after growing by an annual 11.7% in May, the central bank, BNB, said on Friday.

At the end of June, the value of deposits was equal to 76.8% of Bulgaria's estimated 2021 gross domestic product, the BNB said in a statement.

The deposits of households increased by 11.6% year-on-year in the review month, reaching 63.8 billion levs.

The deposits of non-financial corporations totalled 29.4 billion levs at the end of June, up by an annual 12.9%, while deposits of financial corporations went up by 15.4% to 3.6 billion levs.

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Bulgaria's non-govt borrowing up 6.4% y/y at end-June

Loans to Bulgaria's non-government sector increased by 6.4% year-on-year at the end of June, reaching 67.4 billion levs ($40.6 billion/34.4 billion euro), following an annual rise by the same pace in May, the central bank, BNB, said on Friday.

The value of loans at the end of June was equivalent to 53.5% of Bulgaria's forecast 2021 gross domestic product, the BNB said in a statement.

Loans to non-financial corporations amounted to 35.6 billion levs at the end of June, up 3.2% on an annual comparison basis.

Loans to households rose by an annual 10.4% to 27.1 billion levs at the end of June, while loans to financial corporations totalled 4.7 billion levs, up 9.2% on the year.

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Bulgaria's M3 money supply growth speeds up to 13% y/y in June

Bulgaria's M3, the broadest gauge of money supply, rose by 13% year-on-year to 118.6 billion levs ($71.3 billion/60.6 billion euro) in June, compared to an annual growth rate of 12.7% a month earlier, the central bank said on Friday.

The narrowest measure of money supply, M1, added 17.5% on the year, reaching 89.35 billion levs in June, following a 17% annual rise in May, the Bulgarian National Bank (BNB) said in a statement.

Net foreign assets rose by an annual 13.3% in June, reaching just over 70.3 billion levs, while net domestic assets increased by 9.5% to 71.3 billion levs.

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