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Bulgaria's non-govt borrowing growth speeds up to 7.1% y/y at end-Sept

Author Mario Tanev
Bulgaria's non-govt borrowing growth speeds up to 7.1% y/y at end-Sept Capricorn Studio/Shutterstock.com

SOFIA (Bulgaria), October 23 (SeeNews) - Loans to Bulgaria's non-government sector increased by an annual 7.1% to 60.7 billion levs ($34.5 billion/31.0 billion euro) at the end of September, following an annual rise of 6.0% at the end of August, the central bank, BNB, said on Tuesday.

The loans at the end of September were equal to 52.5% of Bulgaria's forecast gross domestic product in 2019, BNB said in a statement.

Loans to non-financial corporations amounted to 34.1 billion levs at the end of September, up by 4.8% year-on-year.

Loans to households rose by an annual 9.1% to 23.4 billion levs, while loans to non-financial corporations totalled 3.2 billion levs, up 17.9% on the year.

(1 euro = 1.95583 levs)

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