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Bulgaria's non-govt deposit growth slows down to 9.7% y/y in May

Bulgaria's non-govt deposit growth slows down to 9.7% y/y in May tanatat/Shutterstock.com

SOFIA (Bulgaria), June 23 (SeeNews) - The deposits of Bulgaria's non-government sector increased by a yearly 9.7% in May, reaching roughly 105.7 billion levs ($56.9 billion/54 billion euro), after growing by an annual 10.1% in April, the central bank, said on Thursday.

At the end of May, the value of deposits was equivalent to 72% of Bulgaria's estimated 2022 gross domestic product (GDP), the Bulgarian National Bank (BNB) said in a statement.

Household deposits increased by 6.2% year-on-year in May to 67.4 billion levs.

At just over 32 billion levs in the review period or 23.2% of the estimated GDP, deposits of non-financial corporations were 16% higher on the year, while deposits of financial corporations rose 19.2% to 4.26 billion levs, after adding 32.1% in April 2022.

(1 euro = 1.95583 levs)

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