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Bulgaria: Lending Grows Substantially
In November 2012, the annual growth rate of broad money (monetary aggregate M3) was 10.1% compared to 8.6% in October 2012.
Bulgaria: Lending Grows Substantially / Picture: © Vindobona.org
At the end of November 2012 M3 was BGN 60.469bn (78.2% of GDP) compared to BGN 59.970bn (77.6% of GDP) in October 2012. Its most liquid component – the monetary aggregate M1 – increased by 13.6% annually in November 2012 (11.1% annual growth in October 2012).
At the end of November 2012, deposits5 of the Non-government sector6 were BGN 51.581bn (66.7% of GDP), increasing by…
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