October 2 (SeeNews) - The liabilities and equity of the Bulgarian National Bank's (BNB) Banking Department totalled 6.182 billion levs ($4.597 billion/3.160 billion euro) at the end of September, 5.97% higher than a month earlier, BNB figures showed.
Bulgaria is operating an IMF-prescribed restrictive monetary mechanism called a currency board system that pegs the lev at a fixed exchange rate to the euro and bans the BNB from lending to the government. The Banking Department can be a lender of last resort to local commercial banks but only to ward off systemic risk.
Following are figures from the Banking Department's balance sheet (in millions of levs):
|
Sept 30 |
Aug 31 |
TOTAL LIABILITIES AND EQUITY |
6,181.582 |
5,833.339 |
TOTAL LIABILITIES |
2,587.274 |
2,326.771 |
- Borrowings from IMF |
0.0 |
0.0 |
- Liabilities to international financial institutions |
2,576.536 |
2,317.277 |
- Other liabilities |
10.738 |
9.494 |
TOTAL EQUITY |
3,594.308 |
3,506.568 |
- Capital |
20.0 |
20.0 |
- Reserves |
3,169.446 |
3,091.044 |
- Retained profit |
404.862 |
395.524 |
TOTAL ASSETS |
6,181.582 |
5,833.339 |
- Non-monetary gold and other precious metals |
25.141 |
24.387 |
- Dues from government |
0.0 |
0.0 |
- Bulgaria IMF quota and holdings in other international financial institutions |
1,391.436 |
1,407.865 |
- Fixed assets |
199.348 |
198.209 |
- Other assets |
9.764 |
10.021 |
- Deposit with BNB's Issue Department |
4,555.893 |
4,192.857 |
(1 euro = 1.95583 Bulgarian levs)