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Sep 23, 2022 13:26 EEST
September 23 (SeeNews) - Loans to Bulgaria's non-government sector increased by 13.9% year-on-year at the end of August, reaching 77.8 billion levs ($38.8 billion/39.8 billion euro), following an annual rise of 13% in July, the country's central bank said on Friday.
The value of non-government loans at the end of August was equivalent to 50.4% of Bulgaria's gross domestic product (GDP) forecast for 2022, the Bulgarian National Bank (BNB) said in its latest monthly monetary statistics report.
Loans to non-financial corporations amounted to 40.1 billion levs, adding 12.1% on the year after rising by 11% in July.
At roughly 32 billion levs, loans to households were 15.1% more at the end of the eighth month of this year than at the same time in 2021 and represented 20.7% of the estimated 2022 GDP.
As for loans granted to financial corporations, those jumped by an annual 20.7% reaching some 5.75 billion levs, after an annual rise of 17.7% in July, BNB said.
(1 euro = 1.95583 levs)
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