Bulgaria non-govt deposit growth speeds up in Dec

MNB

Deposits of Bulgaria’s non-government sector rose by an annual 9.7% to BGN 85.2 billion (EUR 43.6 billion) at the end of December, up from a 8.8% growth rate at the end of November, the country’s central bank 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, it said. Deposits of households increased by an annual 8.0% to BGN 55.6 billion at the end of December. Deposits of non-financial corporations totaled BGN 26.5 billion, up by 14.3% yr/yr, while deposits of financial corporations fell 2.4% to BGN 3 billion. (source: BNB)

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