Bulgarian deposits rise 17.6%, but housing loans drop

4 January 2016

In late November, the volume of housing loans stood at €4.421bn an annual drop of 1.4 percent, according to the Bulgarian National Bank. Consumer loans grew a fractional 0.4 percent to €3.753bn in the same period.

Deposits of households and nonprofit institutions serving households increased by 17.6 percent compared to the same month of 2014 while households loans (and those of non-profits) fell by one percent. In late November, deposits of non-governmental sector were €31.8bn, 74.1 percent of GDP, marking an annual increase of 16.5 percent, according to the Bulgarian National Bank.

Example banner for displaying an ad. It can be higher.