On 25 October the Bulgarian National Bank (Българска народна банка)
released detailed statistical data on interest rates for the month of September
2012. In September average annual
effective interest rates on new deposits by non-financial corporations and
households underwent the following changes compared to August 2012:
Non-financial corporations:
Deposits in BGN (Bulgarian leva):
Deposits for > 1 day and ≤
1 month: 2.2907% → 2.6694% (+ 0.3787%)
Deposits for > 1 month and
≤ 3 months: 3.5160% → 4.1649% (+ 0.6489%)
Deposits for > 3 months and
≤ 6 months: 4.3726% → 4.1500% (- 0.2226%)
Deposits for > 6 months and
≤ 12 months: 4.7804% → 5.4214% (+ 0.6410%)
Deposits for > 1 year and ≤
2 years: 5.3617% → 6.1184% (+ 0.7567%)
Deposits for > 2 years: 8.2828% → 4.4266% (- 3.8562%)*
*New deposits in this maturity
class during the month totaled only 1,137,000 BGN (€ 581,000)
Deposits in EUR:
Deposits for > 1 day and ≤
1 month: 1.9943% → 2.0689% (+ 0.0746%)
Deposits for > 1 month and
≤ 3 months: 3.0705% → 2.8370% (- 0.2335%)
Deposits for > 3 months and
≤ 6 months: 3.5819% → 3.1261% (- 0.4558%)
Deposits for > 6 months and
≤ 12 months: 4.5761% → 4.2616% (- 0.3145%)
Deposits for > 1 year and ≤
2 years: 3.7668% → 6.7006% (+ 2.9338%)*
Deposits for > 2 years: (no new deposits in August) → 3.4033% (---------)
*New deposits in this maturity
class during the month totaled only 1,436,000 BGN (€ 734,000)
Deposits in USD:
Deposits for > 1 day and ≤
1 month: 1.0238% → 1.5049% (+ 0.4811%)
Deposits for > 1 month and
≤ 3 months: 2.5476% → 2.3107% (- 0.2369%)
Deposits for > 3 months and
≤ 6 months: 1.2702% → 1.8406% (+ 0.5704%)
Deposits for > 6 months and
≤ 12 months: 2.5423% → 2.4979% (- 0.0444%)
Deposits for > 1 year and ≤
2 years: 3.9561% → 4.0827% (+ 0.1266%)
Deposits for > 2 years: (no new deposits in August or September)
Households and NPISH (Non
Profit Institutions Serving Households):
Deposits in BGN (Bulgarian
leva):
Deposits for > 1 day and ≤
1 month: 3.0771% → 2.9661% (- 0.1110%)
Deposits for > 1 month and
≤ 3 months: 4.8406% → 4.5549% (- 0.2857%)
Deposits for > 3 months and
≤ 6 months: 5.3125% → 5.1406% (- 0.1719%)
Deposits for > 6 months and
≤ 12 months: 5.1165% → 5.3045% (+ 0.1880%)
Deposits for > 1 year and ≤
2 years: 5.0462% → 6.1462% (+ 1.1000%)
Deposits for > 2 years: 6.5443% → 6.7373% (+ 0.1930%)
Deposits in EUR:
Deposits for > 1 day and ≤
1 month: 2.3872% → 2.2347% (- 0.1525%)
Deposits for > 1 month and
≤ 3 months: 4.3512% → 4.0819% (- 0.2693%)
Deposits for > 3 months and
≤ 6 months: 4.4811% → 4.4250% (- 0.0561%)
Deposits for > 6 months and
≤ 12 months: 4.8587% → 4.9681% (+ 0.1094%)
Deposits for > 1 year and ≤
2 years: 4.6109% → 5.8401% (+ 1.2292%)
Deposits for > 2 years: 6.1067% → 5.9993% (- 0.1074%)
Deposits in USD:
Deposits for > 1 day and ≤
1 month: 1.6483% → 1.5527% (- 0.0956%)
Deposits for > 1 month and
≤ 3 months: 3.4674% → 3.2423% (- 0.2251%)
Deposits for > 3 months and
≤ 6 months: 3.3558% → 3.5073% (+ 0.1515%)
Deposits for > 6 months and
≤ 12 months: 3.5634% → 3.6739% (+ 0.1105%)
Deposits for > 1 year and ≤
2 years: 3.8114% → 4.3242% (+ 0.5128%)
Deposits for > 2 years: 5.1685% → 3.4149% (- 1.7536%)
In terms of volume, the largest single category of new time deposits in
September was BGN-denominated deposits by non-financial corporations of
maturity > 1 day and ≤ 1 month, which totaled 431,740,000 BGN (€
221,000,000) during the month. The
second largest single category was BGN-denominated deposits by households and
NPISH of maturity > 6 months and ≤ 12 months, which totaled 343,514,000 BGN
(€ 176,000,000). The third largest
category was EUR-denominated deposits by households and NPISH of maturity >
6 months and ≤ 12 months, which totaled (tabulated in BGN) an equivalent of
293,831,000 BGN (€ 150,000,000).
Source:
Mark Pleas (contact)
