Bulgaria's non-govt deposits rise 8.9% y/y in April

At the end of last month, the value of non-government deposits was equivalent to 65.2% of Bulgaria's gross domestic product (GDP) projected for 2024, the Bulgarian National Bank (BNB) said in a monthly report on monetary indicators.

Household deposits went up by an annual 11.1% to some 82.3 billion levs, whereas deposits of financial corporations dropped by 18.6% to 3.18 billion levs, against an annual decline of 12.3% in March.

Deposits of non-financial corporations at the end of the review month amounted to nearly 43.7 billion levs, or the equivalent of 22.1% of the forecast 2024 GDP. They added 7.4% in annual terms last month, compared to a yearly climb of 5% in March.

(1 euro = 1.95583 levs)