Bulgarias bank deposits rise 5% y/y at end-2011.

By bne IntelliNews February 1, 2012
Total bank deposits went up by 5% y/y and by 2.5% m/m to BGN 59bn (EUR 30.1bn) as of the end of 2011, according to data of the central bank. The annual increase sped from 3.9% y/y a month earlier. Deposits of credit institutions declined by 33.2% y/y (speeding further from 30.6% at end-November) but the effect was offset by the increase of household deposits (13.8% y/y, down from 13.9% y/y at end-November) and the deposits of non-credit institutions (up by 10.7% y/y as compared to 5.7% y/y at end-Nov). Total deposits covered 91.6% of all credits at the end of 2011 (up from 90.5% at end-November and 91.2% at the end of 2010). The ratio of households deposits to total loans went up further to 49.6% as compared to 49% a month earlier and 45.6% at the end of 2010. Attracted resources increased by 4.1% y/y as of the end of December, accelerating from 3.7% y/y at the end of November.

Bulgarias bank deposits rise 5% y/y at end-2011.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss