Deposits in Bulgaria's Banks up 531 Million Levs in September
Friday, 24 October 2014
The deposits in Bulgaria's banks grew by 531 million levs in September, shows data of the Bulgarian National Bank.
This is the second consecutive month with growth, after the summer bank troubles when depositors were withdrawing large sums.
At the same time the lending activities remain relatively weak - in September the banks gave 342 million levs in credits.
The share of bad credits, which have not been paid for more than 90 days has increased to 22.8%, amounting to 9.925 billion levs - mostly due to company credits. According to BNB the hike is caused by the suspension of all activities of Corporate Commercial Bank.
In spite the summer bank troubles, the data shows that the households retain their trust in the banks. According to the BNB data, in September the households and the business deposited around 200 million levs each.