Financial and business news from Bulgaria

National Bank with important news about interest on loans

In October 2020, the main interest rate (OLP) is 0.00 percent, while maintaining its level compared to October 2019 and September 2020, reports the Bulgarian National Bank, BTA reported.
The LEONIA Plus index in October was minus 0.68 percent. Compared to October 2019 it decreased by 0.16 percentage points (BC) and compared to September 2020 remained unchanged.

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This is reference index of concluded and executed transactions for the provision of unsecured overnight deposits in BGN on the interbank market in Bulgaria.

The average interest rate on the deposits of the business with agreed maturity in BGN in October decreased on an annual basis by 0.09 pp. to minus 0.05 percent, while those in euro increased by 0.05 pp. to 0.05 percent.

In October, the average interest rate on deposits of households with agreed maturity in BGN dropped by 0.03 pp to 0.11% and those in euro - by 0.11 pp. Up 0.12 per cent.

The average interest rate on loans up to 1 million euros taken by the business and agreed in BGN decreased compared to the same month of 2019 by 0.44 pp. to 3.42 per cent, and on those agreed in euro - by 0.10 pp. to 2.62 per cent.

Average interest rates on the loans of the business and in the amount of more than 1 million euro agreed in BGN and in euro rose respectively by 0.07 pp. and by 0.53 pp. to 2.34 per cent.

In October 2020 the average interest rate on the loans of households taken for consumption in BGN decreased on an annual basis by 0.53 pp. to 7.79 per cent, and on those in euro - by 0.29 pp. to 3.55 per cent.

For residential loans in levs the average interest rate decreases by 0.15 pp. to 2.86 per cent, and for those in euro - by 0.10 pp. to 3.59 per cent.

The annual percentage of expenditure (APR) on loans for consumption in BGN in October compared to the same month of last year decreased by 1.40 pp to 8.70 per cent and on loans for consumption in euro - by 0.20 pp to 3.81 per cent.

In October 2020 the annual rate of expenditure on residential loans in levs decreased compared to October 2019 by 0.29 bp to 3.09 per cent, and for residential loans in euro - by 0.31 pp. to 3.86 per cent.

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