Deposits with banks decreased by 363 million leva in May

Deposits decreased by 363 million euro in May and amounted to 52.6 billion levaat the end of the month based on data of the Bulgarian National Bank.

Total attracted funds from the Bulgarian banking system in May decreased by 437 million leva to 59.8 billion euro at the same time the profitability of banks in May 2009 decreased by 31 percent annually to 73 million leva
In most reduced attracted funds from credit institutions – with 391 million levato 15.4 billion euro
Individuals and households reduce their deposits by 103 millionleva to 22.8 billion euro companies managed to save 43 millionlevain the month.

In May novosklyuchenite deposits at the lowest level since 9 months, and continue the war for deposits with new higher-interest.

The reduction of funds attracted from credit institutions indicate that banks are settled in foreign debt in May 2009 after, in April received external funding for 66.4 million and in March pogasiha debt for 372 million leva.

Attracted funds reduced by the Bulgarian banking system is against the backdrop of record low interest rates for LIBOR.

At least borrowed funds led to the first monthly decline in the loan portfolio of three years.
Reciprocal effect is the largest decline in novootpusnatite loans, housing loans as it reached 77 percent on an annual basis.

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Finance