Bulgaria's non-govt deposits rise 9.7% y/y at end-2020

Bulgaria's non-govt deposits rise 9.7% y/y at end-2020

Deposits of Bulgaria's non-government sector rose by an annual 9.7% to 93.4 billion levs ($57.9 billion/47.8 billion euro) at the end of 2020, same as their growth rate a month earlier, the central bank said on Tuesday.

At the end of 2020, the value of deposits was equal to 79.2% of Bulgaria's estimated 2020 gross domestic product, the Bulgarian National Bank said in a statement.

Deposits of households increased by an annual 9.7% to 61 billion levs at the end of 2020.

Deposits of non-financial corporations totalled 29.3 billion levs at the end of 2020, up by 10.5% on the year, while deposits of financial corporations increased by 2% to 3.1 billion levs.

Bulgaria's non-govt borrowing growth speeds up to 4.4% y/y at end-2020

Loans to Bulgaria's non-government sector increased by 4.4% year-on-year to 65.5 billion levs ($40.6 billion/33.5 billion euro) at the end of December, following an annual rise of 4.1% in November, the central bank, BNB, said on Tuesday.

The value of loans at the end of 2020 was equivalent to 55.5% of Bulgaria's forecast 2020 gross domestic product, the BNB said in a statement.

Loans to non-financial corporations amounted to 35.6 billion levs at the end of 2020, up by 3% on the year.

Loans to households rose by an annual 6.6% to 25.5 billion levs, while loans to financial corporations totalled 4.3 billion levs, up 3.6%.

 

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