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Bulgaria's non-govt deposits grow 10.9% y/y in Aug

Author Tanya Ivanova
Bulgaria's non-govt deposits grow 10.9% y/y in Aug Romanian banks' deposits. (Author: SeeNews). License: all rights reserved.

SOFIA (Bulgaria), September 23 (SeeNews) - The deposits of Bulgaria's non-government sector rose by 10.9% on the year to 110.32 billion levs ($55.04 billion/56.4 billion euro) in August, after an annual increase of 10.3% in July, the central bank said on Friday.

At the end of August, the value of non-government deposits was equivalent to 71.4% of Bulgaria's projected 2022 gross domestic product, the Bulgarian National Bank said in its latest monthly statement on monetary indicators.

Household deposits in August increased by 7.3% to 68.7 billion levs, slower than the 15.1% rise in household loans.

Deposits of non-financial corporations jumped by 21.3% to 37.9 billion levs, which corresponds to 24.5% of the estimated GDP. Meanwhile, deposits of financial corporations decreased by 12.5% to 3.67 billion levs last month, after slight growth of 2.8% in July.

(1 euro = 1.95583 levs)