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Bulgaria's non-govt deposits grow 9.3% y/y in May

Jun 25, 2024, 3:01:25 PMArticle by Mihaela Miteva
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June 25 (SeeNews) - The deposits of Bulgaria's non-government sector climbed by an annual 9.3% in May to some 129.9 billion levs ($71.3 billion/66.4 billion euro) after rising by 8.9% on the year in April, the central bank said on Tuesday.

Bulgaria's non-govt deposits grow 9.3% y/y in May
Image source: BNB

At the end of May, the value of non-government deposits was equivalent to 65.6% of Bulgaria's forecast 2024 gross domestic product (GDP), the Bulgarian National Bank (BNB) said in a monthly report on money supply.

Household deposits went up 11.7% year-on-year to roughly 82.8 billion levs, while deposits of financial corporations fell by 8.9% to 3.26 billion levs, compared to an annual drop of 18.6% in April.

At some 43.77 billion levs or 22.1% of this year's projected GDP, deposits of non-financial corporations at the end of last month were 6.7% higher in annual terms and 0.7 percentage points lower than their yearly growth in April.

(1 euro = 1.95583 levs)

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