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Consumer loans in Bulgaria decrease, mortgage loans increase

In December 2023, Bulgarian households deposited EUR 1.15 billion. The total amount of savings reached EUR 40 billion. Bank deposits of businesses and households amount to more than EUR 63.5 billion. In December last year, people were saving instead..

25.01.24 12:07 |

4% of Bulgarians own half of the money kept in banks

At the end of 2022, Bulgarians kept over EUR 36 billion in banks, an increase of 8.2% compared to 2021. But the number of households’ bank deposits has gone down by 2% within the space of a year, and they are now almost 8.9 million. 55% of these..

22.05.23 11:12 |

Non-performing fast loans in Bulgaria increase

In September 2022, non-performing fast loans in Bulgaria increased with 23.2% year-on-year to a total of BGN 346.4 million (EUR 176.7 million), statistical data of the Bulgarian National Bank show. For comparison, a year ago the amount of bad loans..

28.11.22 11:46 |

Soaring inflation calls into question peoples’ attitudes to saving

Currently, we are in a period of global economic transformation. New businesses are emerging. Some businesses are changing and Bulgaria is no exception, financial experts contend. In their view, people should continue to save money. However,..

18.01.22 13:23 |
Tihomir Toshev

Bulgarians keep their money in bank deposits despite low interest rates

By the end of December 2019, the interest rates on twelve month deposits amount to 0.2%. Interest rates on bank loans were to the tune of 4%. However, adjusted with the annual inflation (3.8%) the interest rate on twelve month bank deposits was..

04.02.20 10:14 |

Deposits of Bulgaria’s non-governmental sector continue to grow

At the end of November 2017 the bank deposits of the non-governmental sector in Bulgaria marked a 5.3% increase year on year and reached EUR 36.27 billion, or 72.3% of the country’s gross domestic product, the Bulgarian National Bank announced in the..

29.12.17 10:17 |

Press Review

Bulgaria’s printed media accentuate on Thursday on the replacement of district governors and staff changes at the Road Infrastructure Agency and the Bulgarian State Railways made by the caretaker cabinet headed by Premier Ognyan Gerdzhikov. People..

09.02.17 10:32 |

Greek capital boosts bank deposits in Bulgaria

The reflux of capital from Greek banks in 2016 boosted bank deposits in Bulgaria and Romania,  Greece’s Ekathimerini contends.  The deposits in Bulgaria saw a 10% increase year on year and in Romania bank deposits rose 8%, whereas in Greece they..

27.10.16 13:39 |

Bank deposits in Bulgaria continue to rise

The Bulgarian National Bank has registered a continued increase in deposits and a very slight increase in credits for Bulgarian households.   At the end of August bank deposits in the NGO sector amounted to 66.4 billion Leva (33.2 billion euro or..

21.09.16 14:20 |

Bank deposits going up

Bank deposits continued their upward trend in July, Bulgarian National Bank statistics show, with everyone saving up – citizens, companies as well as financial institutions. The sums in their accounts at the end of July amounted to 33 billion euro and..

24.08.16 11:02 |
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