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Bulgaria's non-govt borrowing growth speeds up to 9.3% y/y at end-Dec

Bulgaria's non-govt borrowing growth speeds up to 9.3% y/y at end-Dec cozyta/Shutterstock.com

SOFIA (Bulgaria), January 24 (SeeNews) - Loans to Bulgaria's non-government sector increased by 9.3% year-on-year to 62.7 billion levs ($35.4 billion/32.1 billion euro) at the end of December, following an annual rise of 9.0% at the end of November, the central bank, BNB, said on Friday.

The volume of loans at the end of December was equivalent to 52.5% of Bulgaria's forecast 2019 gross domestic product, BNB said in a statement.

Loans to non-financial corporations amounted to 34.6 billion levs at the end of December, up by 5.9% year-on-year.

Loans to households rose by an annual 9.5% to 23.9 billion levs, while loans to non-financial corporations totalled 4.2 billion levs, up 46.9%.

(1 euro = 1.95583 levs)

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