LOANS
More than 97 Bulgarians have drawn loans exceeding 1 million Bulgarian levs, they owe 153.1 million levs to the banks, or in other terms, on average each one of them owes 1.56 million levs. Generally, the individual borrowing in the country has increased, according to the Bulgarian National Bank. The average personal loan is 5841.42 levs, which is an increase of 1139 levs in comparison to 2007. The size of the most of the personal loans does not exceed 10 000 levs. 2.46 million personal loans totaling 4.71 billion levs have been lent. Although these are as much as 88.4% of all loans, in terms of money, they are only 29% of the total amount of the loans measured in levs. The concentration of the credits is between 10 000 and 250 000 levs. In this price bracket the number of the loans is 320 000 but their volume in levs is 10.43 billion which is 64.1% of the total amount of all personal loans. The tendency shows that within a few years time the amount of the personal loans will exceed the company loans in Bulgarian.
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Category: Bulgaria, Economy, News | Tags: banks, borrowing, Bulgarians, company loan, loans, personal loan Comment »