Bulgarias banking sector assets add 4.2% y/y at end-Dec 2011.

By bne IntelliNews February 1, 2012
The value of the banking sectors assets increased by 4.2% y/y to BGN 76.8bn (EUR 39.3bn) at the end of December and accounted for 100.3% of the full-year GDP estimate, central bank data showed. Assets added 1.9% in monthly terms after contracting in the previous two months. Loans and advances rose by 4.6% y/y to share of 83.8% of total assets. Consumer loans were the only item with negative contribution as they fell by 1.8% last year. Loans to companies and credit institutions were the biggest credit growth drivers rising by 6.2% y/y and 8.5% at the end of December, respectively. The government sector and the non-credit institutions as well as mortgages (up by 18.1% y/y, 6.9% y/y, and 1.1%, respectively) also pushed up credit growth last year.

Bulgarias banking sector assets add 4.2% y/y at end-Dec 2011.

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