Bulgaria's non-govt deposit growth speeds up in Aug
Photo by Vitoria Holdings LLC/Shutterstock.com
The deposits of Bulgaria's non-government sector increased by 12% year-on-year in August, reaching BGN 99.5 billion (EUR 50.9 billion), after growing by an annual 11.8% in July, the central bank said on Thursday.
The deposits of households increased by 10.9% annually in August, reaching BGN 64 billion.
Loans to Bulgaria's non-government sector meanwhile increased by 7.5% year-on-year in August, reaching BGN 68.3 billion (EUR 34.9 billion), following an annual rise of 7.2% in July.
Loans to households rose by an annual 11.5% to BGN 27.8 billion at the end of August.
ADVERTISEMENT
Financial Transformation: Now or Never
Gov't Extends Deposit Rate Cap Till Year-end
Media Markt Sanctioned for False Advertising
'Creating CEElicon' Valley in Focus of HVCA Investment Confe...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
