site.btaInterest Rates on Bank Deposits Continue to Drop in January 2019 - Statistics

ESD 14:01:31 27-02-2019
SN1400ES.111
111 ECONOMY - CENTRAL BANK - INTEREST RATES - STATISTICS

Interest Rates on Bank
Deposits Continue
to Drop in January 2019 - Statistics


Sofia, February 27 (BTA) - In January 2019, the Base Interest Rate (BIR) was 0.00 per cent, remaining unchanged compared to January 2018 and December 2018, the Bulgarian National Bank said on Wednesday.

In January 2019 compared to January 2018, in the non-financial corporations sector the average interest rate on deposits in leva with agreed maturity decreased by 0.17 percentage points to 0.09 per cent and that on deposits in euro, by 0.11 percentage points to 0.13 per cent.

The average interest rates on household deposits in leva and euro with agreed maturity decreased respectively by 0.03 percentage points and 0.04 percentage points to 0.16 per cent.

In January 2019 compared to the same month of 2018, in the non-financial corporations sector the average interest rate on loans up to 1 million euro dropped by 0.01 percentage points to 3.94 per cent for loans in leva and by 0.75 percentage points to 2.80 per cent for those in euro. For loans over 1 million euro, the average interest rate dropped by 0.46 percentage points to 2.73 per cent for loans in leva and by 0.95 percentage points to 3.63 per cent for those in euro.

In the households sector, the average interest rate on consumer loans grew by 0.48 percentage points to 8.57 per cent for those in leva but decreased by 0.98 percentage points to 4.18 per cent for those in euro. For loans for house purchases, the average interest rate decreased by 0.38 percentage points to 3.28 per cent for loans in leva and by 0.50 percentage points to 3.59 per cent for those in euro. The average interest rate on other loans rose by 0.74 percentage points to 2.58 per cent for those in leva and by 2.25 percentage points to 5.19 per cent for those in euro.

LN/DS