The value of non-government loans at the end of October were equivalent to 51.2% of Bulgaria's gross domestic product (GDP) forecast for 2022, the Bulgarian National Bank (BNB) said in a monthly monetary statistics report.
Loans to non-financial corporations totalled some 40.6 billion levs, with their annual growth slowing down to 10.4% in October from 11.4% in September.
Corporate lending growth inched up by 0.8 percentage points month-on-month in October and was 21.0% higher than a year ago, reaching 5.9 billion levs.
There was no change in household loans from September and they remained 15.3% higher than at the end of October 2021, amounting to some 32.7 billion levs. Their volume was equivalent to 21.2% of the GDP planned for 2022. Out of total household loans, loans for house purchases grew by 17.9% year-on-year and were 0.1 percentage points lower than in September. They totalled just over 16 billion levs.
At 15.05 billion levs, consumer loans added 13.8% year-on-year year in October after rising by an annual 13.9% in September, the BNB said.
(1 euro = 1.95583 levs)