Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bank deposits increase amid Covid-19 crisis

Photo: archive

In 2021, interest rates on loans will remain at last year's levels - 4.5% to 6.5% for consumer loans and between 2.5% and 3.1% for mortgage loans, Tihomir Toshev, Executive Director of Credit Centerconsulting company, forecasted in an interview for BNR.

In his words, liquidity in the banking system is increasing - bank deposits are growing and already amount to EUR 30.67 billion. The loans extended to the population amount to EUR 12.78 billion.

Real estate prices and demand for mortgage loans have not been impacted by the coronavirus crisis, Tihomir Toshev went on to say.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Experts about Bulgaria’s financial policy as the country edges towards a new parliament and a draft budget for 2025

After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..

updated on 10/23/24 12:52 PM

IMF predicts 2.8 per cent inflation in Bulgaria in 2024

Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..

published on 10/22/24 6:44 PM

Bulgaria's public debt for 2023 was 22.9% of GDP

In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...

published on 10/22/24 1:23 PM