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Bulgaria's non-govt deposit growth speeds up to 9.7% y/y at end-Dec

Bulgaria's non-govt deposit growth speeds up to 9.7% y/y at end-Dec Capricorn Studio/Shutterstock.com

SOFIA (Bulgaria), January 24 (SeeNews) - Deposits of Bulgaria's non-government sector rose by an annual 9.7% to 85.2 billion levs ($48.1 billion/43.6 billion euro) at the end of December, up from a 8.8% growth rate at the end of November, the central bank, BNB, said on Friday. 

At the end of December, the value of deposits was equal to 71.3% of Bulgaria's estimated 2019 gross domestic product, BNB said in a statement.

Deposits of households increased by an annual 8.0% to 55.6 billion levs at the end of December.

Deposits of non-financial corporations totalled 26.5 billion levs, up by 14.3% year-on-year, while deposits of financial corporations fell 2.4% to 3 billion levs.

(1 euro = 1.95583 levs)

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