Non-bank credits in Bulgaria rise 9.9% y/y as of end-September 2011.

By bne IntelliNews November 17, 2011
The loans disbursed by non-bank credit institutions increased by 9.9% y/y to BGN 1.92bn (EUR 979.9mn) at the end of September, according to latest data of the central bank. The annual expansion narrowed from 10.5% y/y as of end-June, however still higher than 9.4% y/y at the end of March and 9.3% y/y at the end of December. We remind that the decline reached 20.8% y/y at end-September 2010 and 37.5% y/y at end-2009. In quarterly terms, non-bank credits fell by 1.1% as of the end of September after rising by 2.4% q/q at the end of June. The share of non-performing loans rose further to 18.6% at end-September from 18.1% at the end of June, 15.7% at end-2010 and 12.6% at end-2009. The assets of non-bank credit institutions rose by 2% q/q and 15.8% y/y to BGN 3bn or 3.9% of the projected full-year GDP.
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