Bulgaria’s Bank Lending Growth Speeds up

The value of Bulgarian banks’ outstanding loans to the non-government sector rose 5.9% on the year to 53.3 billion levs ($31.6 billion/27.3 billion euro) at the end of June, from 4.0% annual growth at the end of the previous quarter, Bulgarian National Bank (BNB) data showed on Wednesday.

The number of loans provided by Bulgarian banks to the non-government sector stood at 3.04 million at end-June, up by an annual 10%, BNB said in a statement.

Outstanding loans to non-financial corporations totalled 32.25 billion levs at the end of June, while loans to households and non-profit institutions, serving households amounted to 21.03 billion levs.

Source: https://www.novinite.com