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Sep 25, 2023 14:24 EEST
September 25 (SeeNews) - Loans to Bulgaria's non-government sector increased by 10.8% on the year to 86.2 billion levs ($46.9 billion/44.1 billion euro) at the end of August, following a yearly rise of 11.2% in July, the central bank said on Monday.
The total value of non-government credit stock at the end of the eighth month of this year was equivalent to 46.1% of Bulgaria's gross domestic product (GDP) forecast for 2023, the Bulgarian National Bank (BNB) said in a monthly monetary statistics report.
Loans granted to non-financial corporations climbed by an annual 6.1% to roughly 42.55 billion levs at end-August, after registering a yearly growth of 7.2% a month earlier.
In parallel, loans to financial corporations jumped 24.2% year-on-year to over 7.1 billion levs at the end of the review month, up from 23.8% recorded in July.
As for household loans, their volume came in at roughly 36.5 billion levs at end-August, or 14.2% more than in the same month of 2022 and 0.1 percentage point higher than in July.
The rise in household loans was driven primarily by an 18.7% annual jump in loans for house purchases to 18.5 billion levs, along with a 10.8% rise in consumer loans to 16.4 billion levs, the data showed.
(1 euro = 1.95583 levs)
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