Bulgaria's non-govt deposits up 8.3% y/y in March

At the end of March, the value of non-government deposits was equivalent to 65% 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 11.5% on the year to roughly 81.6 billion levs, while deposits of financial corporations fell by 12.3% to 3.87 billion levs, compared to an annual increase of 0.5% in February.

At some 43.3 billion levs or 21.9% of this year's projected GDP, deposits of non-financial corporations at the end of last month were 5% higher in annual terms and 0.1 percentage points lower than their yearly growth in February.

(1 euro = 1.95583 levs)