Bulgarias bank deposits rise 6.7% y/y at end-January 2012.

By bne IntelliNews March 1, 2012
Total bank deposits went up by 6.7% y/y and by 0.9% m/m to BGN 59.5bn (EUR 30.4bn) as of the end of January 2012, according to data of the central bank. The annual increase sped from 5% at the end of December and 3.9% y/y at end-November. Deposits of credit institutions declined by 27.9% y/y (narrowing from more than 30% in the previous two months) but the effect was offset by the increase of household deposits (14.4% y/y, up from 13.8% y/y at end-December) and the deposits of non-credit institutions (up by 9.8% y/y as compared to 10.7% y/y at end-Dec). Total deposits covered 91.6% of all credits at the end of January (the same as at the end of December but up from 90.3% at end-January 2011). The ratio of households deposits to total loans went up further to 49.7% as compared to 49.6% a month earlier and 45.7% at the end of January 2011. Attracted resources increased by 5.5% y/y as of the end of January, accelerating from 4.1% y/y at the end of December.

Bulgarias bank deposits rise 6.7% y/y at end-January 2012.

Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

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