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.

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