Monetary deposits of households in Bulgaria have increased by 7% year-on-year, reaching BGN 43.70 B as of end-July 2016.

 

The figure is equivalent to 49.1% of 2016 GDP forecast by Bulgaria’s central bank (BNB) said in its latest  monetary statistical report released on Tuesday.

 

The year-on-year increase in the volume of household deposits recorded at the end of July is almost identical to a 6.8% annual growth registered at end- June 2016.

 

Loans to Bulgarian households totalled BGN 18.23B at the end of July 2016, equivalent to 20.5% of 2016 GDP projected by the BNB. The loan volume was 0.4% lower compared to the same month of 2015. The rate of decrease has slowed down compared to the 0.7% annual decline recorded for June 2016.

 

Loans for house purchases totalled BGN 8.73 B at the end of July 2016, increasing by 0.6% year-on-year. By comparison, loans for house purchases showed 0.2% annual growth in June 2016.

 

Consumer loans amounted to BGN 7.28 B as of end-July, decreasing by 1.1% compared to the same month in 2015. The decline followed an annual drop of 1.3% for June 2016.