Bulgaria's non-govt borrowing rises 13.5% y/y in Nov

The value of non-government loans at the end of November was equivalent to 51.9% 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 increased by 11.1% year-on-year to 41.2 billion levs in November, compared with an annual growth rate of 10.4% in October.

Loans granted to financial corporations totalled 5.9 billion levs at the end of November, with their annual growth slowing to 19.2% last month from 21% in October.

In contrast, annual growth in household loans accelerated to 15.5% in November from 15.3% in October. With 33.1 billion levs, household loans in November were equivalent to 21.4% of the GDP planned for 2022.

Finally, consumer loans grew by 14.1% on the year to 15.2 billion levs in November, after increasing by 13.8% in October, the BNB said.

(1 euro = 1.95583 levs)