Value of Deposits in Bulgarian Banks Rises 9.4% to 25 Bln Euro in 2012

Value of Deposits in Bulgarian Banks Rises 9.4% to 25 Bln Euro in 2012

The combined value of deposit accounts held in Bulgarian banks rose 9.4% to 48.77 billion levs ($33.3 billion/24.9 billion euro) last year, the country's central bank said.

The number of deposit accounts in local banks, however, edged down by 0.6% to 12.96 million at the end of last year, the Bulgarian National Bank said in a press release.

The biggest growth of household deposits in terms of value was registered in deposits of up to 200,000 levs each, which increased by 32.4% last year. Among corporate deposits, the biggest rise in terms of value, 11.2%, was recorded by deposits of up to 30,000 levs.

The number of corporate deposits of over 1.0 million levs each edged down by 0.4% in 2012, while the number of household deposits over that amount went up by 17.1% from 2011.

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