site.btaAverage Interest Rate on Consumer Loans in Leva Unchanged at 9.05% in September

The average interest rate on consumer loans in leva was 9.05%t in September, unchanged from August, according to a Bulgarian National Bank monthly report, published on Monday. The annual percentage rate of charge (APRC) on these loans decreased by 0.02 percentage points to 9.40%.

For housing loans in leva, both the average interest rate and the APRC increased by 0.03 percentage points, to 2.47% and 2.82%, respectively. The average interest rate on other loans in leva rose by 0.18 percentage points to 4.23%, and on other loans in leva to employers and self-employed persons, by 0.13 percentage points to 4.19%.

In September, the average interest rate on overdrafts in leva increased by 0.03 percentage points to 13.73%, while for credit card loans in leva (outside the interest-free grace period), the rate rose by 0.13 percentage points to 21.30%.

The data show that in business lending in September, the average interest rate on loans up to 1 million euros, agreed in leva, decreased by 0.06 percentage points to 4%, while for those over 1 million euros it increased to 4.20%.

The average interest rate on loans of up to 1 million euros, agreed in euros, decreased by 0.12 percentage points to 3.99%, while the rate on loans over 1 million euros increased by 0.14 percentage points to 4.27%. In September, the average interest rate on overdrafts in leva fell by 0.04 percentage points to 3.32%, while the rate on overdrafts in euros rose by 0.03 percentage points to 3.65%.

For household deposits in September, the average interest rate on deposits with an agreed maturity in leva increased by 0.02 percentage points to 0.81%, and on those in eurosр by 0.21 percentage points to 1.31%. The average interest rates on overnight deposits in leva and in euros remained unchanged at 0.01%.

In September compared to August, the average interest rate on business deposits with an agreed maturity in leva decreased by 0.25 percentage points to 1.14%, while that on deposits in euros increased by 0.21 percentage points to 1.66%. The average interest rate on overnight deposits in leva rose by 0.01 percentage points to 0.05%, while the rate on those in euros remained unchanged at 0.15%.