site.btaAverage Interest Rate on Consumer Loans in Bulgaria Rises to 8.81% in April - Central Bank

The average interest rate on consumer loans increased by 0.18 percentage points to 8.81%, while the annual percentage rate on these loans rose by 0.16 percentage points to 9.08%, the Bulgarian National Bank (BNB) said on Monday.

The average interest rate on loans for house purchases remained at 2.45%, while the annual percentage rate on these loans increased by 0.01 percentage points to 2.78%.

The average interest rate on other loans rose by 0.14 percentage points to 4.04%, and that on other loans to sole proprietors went up by 0.19 percentage points to 4%. In April, the average interest rate on overdrafts decreased by 0.13 percentage points to 13.07%, while that on extended credit card credit rose by 0.01 percentage points to 21.23%.

In the non-financial corporations sector, the average interest rate on loans up to EUR 1 million increased by 0.16 percentage points to 4.14% in April compared with March, and on loans over EUR 1 million, it rose by 0.22 percentage points to 4.45%. The average interest rate on overdrafts increased by 0.01 percentage points to 3.38%.

In the households sector in April, the average interest rate on deposits with agreed maturity rose by 0.11 percentage points to 1.30%. The average interest rate on overnight deposits remained at 0.01%, while that on deposits redeemable at notice fell by 0.02 percentage points to 0.23%.

In the non-financial corporations sector, the average interest rate on deposits with agreed maturity grew by 0.07 percentage points to 1.17% in April compared to March, while the new business volume on these deposits fell by 17.5% (EUR 257.5 million) to EUR 1.212 billion. The average interest rate on overnight deposits increased by 0.02 percentage points to 0.09%.