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Bulgaria's non-govt borrowing growth speeds up to 7.3% y/y at end-Oct

Nov 25, 2019, 1:04:01 PMArticle by Mario Tanev
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SOFIA (Bulgaria), November 25 (SeeNews) - Loans to Bulgaria's non-government sector increased by an annual 7.3% to 61.3 billion levs ($34.5 billion/31.3 billion euro) at the end of October, following an annual rise of 7.1% at the end of September, the central bank, BNB, said on Monday.

Bulgaria's non-govt borrowing growth speeds up to 7.3% y/y at end-Oct
Capricorn Studio/Shutterstock.com

The loans at the end of October were equal to 53% of Bulgaria's forecast gross domestic product in 2019, BNB said in a statement.

Loans to non-financial corporations amounted to 34.4 billion levs at the end of October, up by 5.2% year-on-year.

Loans to households rose by an annual 9.4% to 23.7 billion levs, while loans to non-financial corporations totalled 3.2 billion levs, up 16.4% on the year.

(1 euro = 1.95583 levs)

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