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Citizens and companies increase savings amidst Covid-19 crisis

published on 8/25/20 6:51 PM

Photo: Archive

At the end of July 2020, the deposits of the non-governmental sector amounted to EUR 44.94 billion. The amount is 79.1 percent of the GDP. The annual increase in deposits is 8.4%, according to the Bulgarian National Bank.

Deposits of non-financial enterprises amounted to EUR 13.59 billion at the end of July 2020. Compared to the same month of 2019, they register an increase by 10%.

Deposits of financial enterprises increased by 8.9 percent and reached 1.95 billion euros.

Deposits of households and non-profit institutions serving households amounted to EUR 29.40 billion or 51.8 per cent of GDP, increasing by 7.7% on an annual basis.

Loans to households amounted to EUR 12.67 billion or 22.3 per cent of GDP and also increased by 7.7% compared to a year earlier.

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Radio Bulgaria Economy Bulgarian National Bank deposits