Bulgaria – National Bank releases quarterly statistics on assets of investment funds in Bulgaria, indicating that amount held as deposits by domestic investment funds grew 12% in 3Q 2012

On 19 November the Bulgarian National Bank released statistics on investment funds in Bulgaria for the third quarter of 2012.  The statistics cover both non-resident and resident investment funds, and in the case of resident investment funds the statistics include detailed information on the composition of fund assets.

Between 30 June 2012 and 30 September the total assets of resident domestic funds in Bulgaria increased by 25,631,993,210 BGN (7.2%) to 380,509,725,960 BGN.  (1 BGN = 0.5113 EUR)  The bulk of this increase came in “deposits” (“Депозити”, i.e., AF.22 + AF.29 according to ESA95 classification), which increased by 17,332,861,910 BGN (12.0%) to 143,970,180,470 BGN.  As of 30 September “deposits” made up 42.4% of the assets of domestic investment funds, followed next by “shares and other equity” (“акции и други форми на собственост”, i.e., AF.51) at 36.0% and “securities other than shares” (“ценни книжа, различни от акции”, i.e., AF.33) at 13.4%.

Source: Статистика на инвестиционните фондове: Септември 2012 г. (2012-11-19 12:00)

http://www.bnb.bg/PressOffice/POStatisticalPressReleases/POPRSInvestmentFonds/index.htm

Mark Pleas

Eastern Europe Banking & Deposits Consultant

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