Bulgaria's non-govt borrowing rises 12.3% y/y in Jan

The value of non-government loans at the end of last month was equal to 45.8% of Bulgaria's gross domestic product (GDP) forecast for 2024, the Bulgarian National Bank (BNB) said in a monthly monetary statistics report.

Loans granted to non-financial corporations went up by an annual 7.2% to some 44.3 billion levs in January after recording a yearly rise of 7.3% in December.

At the same time, loans to financial corporations grew by 25.8% year-on-year to 7.5 billion levs in the review month, compared to a 25.9% increase recorded in December.

In terms of household loans, their volume stood at roughly 38.8 billion levs at the end of last month, or 16.3% more than in the same month of 2023 and 0.4 percentage points higher than their growth rate in December.

Out of the total household loans, those for house purchases went up 21% to 20.1 billion levs in annual terms, while consumer loans added 12.6% to some 17 billion levs.

(1 euro = 1.95583 levs)