Bulgaria's non-govt borrowing up 13.7% y/y in April

The value of non-government loans at the end of the fourth month of 2024 was equal to 47.6% of Bulgaria's gross domestic product (GDP) forecast for the year, the Bulgarian National Bank (BNB) said in a monthly monetary statistics report.

Loans granted to non-financial corporations went up by an annual 8.6% to some 45.5 billion levs in April after recording a yearly growth of 8.2% in March.

In parallel, loans to financial corporations leapt by 20.9% year-on-year to 7.9 billion levs in the review month, with their growth speeding up from 19.5% recorded in March.

In terms of household loans, their volume amounted to roughly 40.85 billion levs at the end of last month, or 18.6% more than in the same month of 2023 and 1.1 percentage points higher than their growth rate in March.

Out of the total household loans, those for house purchases increased by 23.9% to 21.4 billion levs in annual terms, while consumer loans added 14% to some 17.74 billion levs.

(1 euro = 1.95583 levs)