contents · 2019. 4. 20. · interest rates and volumes of new business on loans to non-financial...

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CONTENTS

1 Macroeconomic Indicators .................................................................................................................................................. 5

2 Monetary and Financial Statistics2.1. Balance Sheet of the BNB ........................................................................................................................................ 92.2. Monetary Survey........................................................................................................................................................ 102.3. BNB Analytical Reporting ........................................................................................................................................ 142.4. Analytical Reporting of Other MFIs ........................................................................................................................ 172.5. Claims on Loans by Sector ....................................................................................................................................... 202.6. Claims on Loans by Currency .................................................................................................................................. 212.7. Claims on Loans by Original Term to Maturity ....................................................................................................... 212.8. Claims on Loans to Households Sector by Type ...................................................................................................... 212.9. Deposits of Non-financial Corporations, Households and NPISHs by Amount Category ...................................... 222.10. Deposits of Non-financial Corporations, Households and NPISHs by Economic Activity .................................... 232.11. Loans of Non-financial Corporations, Households and NPISHs by Amount Category .......................................... 242.12. Loans of Non-financial Corporations, Households and NPISHs by Economic Activity ........................................ 252.13. Interbank Market Indices ......................................................................................................................................... 262.14. Yield on Government Securities and Long-term Interest Rate for Convergence Assessment Purposes ................. 272.15. Interest Rates and Volumes of New Business on Loans to Non-financial Corporations Sector by Period

of Initial Rate Fixation ............................................................................................................................................. 282.16. Interest Rates and Volumes of Outstanding Amounts on Loans to Non-financial Corporations Sector ................. 292.17. Interest Rates and Volumes of New Business on Loans to Households Sector by Period of Initial

Rate Fixation ............................................................................................................................................................ 302.18. Annual Percentage Rate of Charge of New Business on Loans to Households Sector ........................................... 312.19. Interest Rates and Volumes of Outstanding Amounts on Loans to Households Sector ........................................... 322.20. Interest Rates and Volumes of New Business on Deposits with Agreed Maturity of Non-Financial

Corporations Sector ................................................................................................................................................. 342.21. Interest Rates and Volumes of Outstanding Amounts on Overnight Deposits, Deposits with Agreed

Maturity and Deposits Redeemable at Notice of Non-Financial Corporations Sector ........................................... 352.22. Interest Rates and Volumes of New Business on Deposits with Agreed Maturity of Households Sector ............... 362.23. Interest Rates and Volumes of Outstanding Amounts on Overnight Deposits, Deposits with Agreed

Maturity and Deposits Redeemable at Notice of Households Sector ...................................................................... 37

3 Supervision Statistics3.1. Balance Sheet Statement [Statement of Financial Position] of the Banking System ........................................... 383.2. StatementofProfitorLossoftheBankingSystem............................................................................................... 413.3. Banks Groups ........................................................................................................................................................... 433.4. Balance Sheet Statement [Statement of Financial Position] of Group I Banks ...................................................... 443.5. StatementofProfitorLossofGroupIBanks........................................................................................................ 473.6. Balance Sheet Statement [Statement of Financial Position] of Group II Banks ..................................................... 493.7. StatementofProfitorLossofGroupIIBanks....................................................................................................... 523.8. Balance Sheet Statement [Statement of Financial Position] of Group III Banks .................................................... 543.9. StatementofProfitorLossofGroupIIIBanks..................................................................................................... 573.10. Capital Adequacy of the Banking System .............................................................................................................. 593.11. Liquidity of the Banks (under Ordinance No. 11 of the BNB) ............................................................................... 59

4 Non-Bank Financial Institutions4.1. Claims under Lease Contracts - Stocks .................................................................................................................... 604.2. Claims under Lease Contracts - New Business ........................................................................................................ 614.3. Assets and Liabilities of Leasing Companies .......................................................................................................... 624.4. Claims on Loans of Corporations Specializing in Lending ..................................................................................... 634.5. Assets and Liabilities of Corporations Specializing in Lending .............................................................................. 634.6. Assets of Resident Investment Funds ....................................................................................................................... 644.7. Liabilities of Investment Funds ................................................................................................................................ 654.8. Insurance Statistics - Assets by Type of Activity ................................................................................................... 674.9. Insurance Statistics - Structure of Assets ................................................................................................................. 684.10. Insurance Statistics - Structure of Liabilities ........................................................................................................... 69

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5 Financial Markets5.1. Interbank Money Market .......................................................................................................................................... 705.2. DealinginSecuritiesRegisteredontheBulgarianStockExchange-Sofia:Stock-Exchange

and OTC Turnover ................................................................................................................................................... 715.3. Foreign Exchange Market. BNB Spot Transactions ................................................................................................ 725.4. Foreign Exchange Market. Interbank Spot Transactions ......................................................................................... 725.5. Foreign Exchange Market. Spot Transactions with Final Customers ...................................................................... 725.6. Foreign Exchange Market. Interbank Swap and Forward Transactions .................................................................. 735.7. Foreign Exchange Market. Swap and Forward Transactions of Banks with Final Customers ................................ 73

6 Balance of Payments and International Investment Position6.1. Balance of Payments ................................................................................................................................................ 746.2. Direct Investment, Net Flow .................................................................................................................................... 776.3. Exports by Commodity Group ................................................................................................................................. 786.4. Imports by Commodity Group ................................................................................................................................. 796.5. Exports by Use ......................................................................................................................................................... 806.6. Imports by Use ......................................................................................................................................................... 816.7. Exports by Major Trading Partner and Region ........................................................................................................ 826.8. Imports by Major Trading Partner and Region ........................................................................................................ 836.9. International Investment Position ............................................................................................................................. 846.10. Gross External Debt by Institutional Sector ........................................................................................................... 866.11. Gross External Debt by Instruments ....................................................................................................................... 876.12. Currency structure of the Gross External Debt ....................................................................................................... 886.13. Gross External Debt Disbursements by Institutional Sector .................................................................................. 896.14. Gross External Debt Service by Institutional Sector .............................................................................................. 906.15.OfficialReserveAssetsandOtherForeignCurrencyAssets6.15.1.SectionI.OfficialReserveAssetsandOtherForeignCurrencyAssets(ApproximateMarketValue)............... 926.15.2. Section II. Predetermed Short-term Net Drains on Foreign Currency Assets (Nominal Value) .......................... 936.15.3. Section III. Contingent Short-term Net Drains on Foreign Currency Assets (Nominal Value) ........................... 946.15.4. Section IV. Memo Items ...................................................................................................................................... 95

7 Public Finance7.1. Consolidated Fiscal Program ................................................................................................................................... 967.2. Government Debt .................................................................................................................................................... 977.3. General Government Debt (Maastricht Debt) ......................................................................................................... 987.4. Quarterly Financial Accounts for General Government (S.13) - Stocks, Consolidated .......................................... 997.5. Quarterly Financial Accounts for General Government (S.13) - Transactions, Consolidated ................................ 1007.6. Government Securities Auctions ............................................................................................................................. 1017.7. Government Securities Primary Registration and Payments .................................................................................. 1017.8. Government Securities Transactions Registered in the Secondary Market ............................................................ 101

8 General Economic Statistics8.1. Gross Domestic Product ......................................................................................................................................... 1028.2. Consumer Prices’ Change ...................................................................................................................................... 1028.3. Industrial Production and Turnover Indices ............................................................................................................ 1038.4. Producer Price Indices In Industry ........................................................................................................................... 1048.5. Export and Import Price Indices by Component .................................................................................................... 1058.6. Unemployment ....................................................................................................................................................... 1058.7. Employed Under Labour Contract ......................................................................................................................... 1058.8. Average Monthly Salary of Employed Under Labour Contract ............................................................................... 105

9 Statistics of the Issued Banknotes and Coins9.1. Denomination Composition of the Issued Banknotes .............................................................................................. 1079.2. Denomination Composition of the Issued Coins .................................................................................................... 107

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ABBREVIATIONSACT ActualBGN The Abbreviation of the Redenominated LevBIS Bank for International SettlementsBIR Base Interest RateBNB Bulgarian National BankBSE BulgarianStockExchange-SofiaCEA-2008 ClassificationofEconomicActivities,2008CIF Cost, Insurance, Freight CPI Consumer Price IndexEC European CommissionECB European Central Banke.o.p. end of periodESA 2010 European System of Accounts, 2010EU European UnionFOB Free on BoardGDP Gross Domestic ProductGMTN Global Medium Term Note (Bonds)GNFS Goods and Nonfactor Services ICs and PFs Insurance Companies and Pension Funds ICM International capital marketsIMF International Monetary FundINTRASTAT System for collecting statistics on the trade in goods between countries of the European UnionISMA International Securities Market Association LEONIA (LEv OverNight Index Average) an interest rate of BGN overnight unsecured transactions on the interbank market LTIR Long-term interest rate for convergence assessment purposes M1 Narrow moneyM2 M1 and quasi-moneyM3 Broad moneyMFIs Monetary Financial Institutions MMFs Money Market Funds MoF Ministry of Financen.e.s. notelsewherespecifiedNPISHs Non-profitInstitutionsServingHouseholdsNACE Rev. 2 StatisticalClassificationofEconomicActivitesintheEuropeanCommunityNSI National Statistical Institute OMFIs OthermonetaryfinancialinstitutionsOTC Over-the-counter SDR Special Drawing RightsSOFIBOR (SofiaInterbankOfferedRate)afixingofthequotesforunsecuredBGNdepositsofferedontheinterbankmarketSOFIBID (SofiaInterbankBidRate)afixingofthequotesforunsecuredBGNdepositsaskedontheinterbankmarketSSFs Social Security FundsT1 Tier 1ZUNK Law for the Settlement of Unserviced Credits Contracted by December 31, 1990

Conventions used in the tables:“ – “ Data do not exist/data are not applicable.“.” Data are not yet available.“ 0 ” Nil or negligible. “ M ” Not applicable.

The following conventions have been used in tables 2.2. - 2.12.:“ 0 “ The indicator is less than 0.05, but more than nil.“ – “ Value does not exist during the period.

Thecut-offdateforthedatainthеappendixtotheBNB Report January - June 2016 is 30 September 2016.

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1. MACROECONOMIC INDICATORS

20142015

20152016

Q1 Q2 Q1 Q2

REAL SECTOR1

Gross value added (million BGN)2 72 608 14 851 18 556 73 805 15 852 18 853Gross value added (annual real growth rate, %)2 1.8 1.9 1.8 1.5 3.0 2.6Gross domestic product (million BGN)2 83 612 17 534 21 649 86 373 18 514 21 916Gross domestic product (annual real growth rate, %)2 1.6 3.3 2.8 3.0 3.0 2.9

Final consumption (million BGN)2 66 413 15 074 16 670 66 688 15 286 16 467Gross capital formation (million BGN)2 17 928 2 954 4 764 18 434 3 162 5 109Exports of goods and services (million BGN)2 54 441 12 655 14 383 57 408 12 555 14 368Imports of goods and services (million BGN)2 55 170 13 149 14 167 56 156 12 489 14 028

GDPdeflator(change,%)3 0.4 0.5 1.9 0.3 2.7 - 0.1

GDP - quarterly seasonally adjusted data (million BGN)4 − 19 677 19 808 − 20 249 20 401period over period change (%) − 0.9 0.7 − 0.7 0.7annual change (%) − 2.9 2.9 − 2.9 3.0

Consumer price index period over period change (%)5 - 0.9 - 0.3 0.6 - 0.4 - 0.5 - 0.6annual change (%)6 - 1.4 - 0.5 0.6 - 0.1 - 0.7 - 1.9

Harmonized index of consumer pricesperiod over period change (%)5 - 2.0 - 0.5 0.6 - 0.9 - 0.6 - 0.7annual change (%)6 - 1.6 - 1.7 - 0.6 - 1.1 - 1.1 - 2.3

Producer price index, total (change, %)7 - 1.2 - 1.2 1.1 - 1.9 - 1.8 0.6Producer price index on domestic market (change, %)7 - 0.9 - 1.3 0.4 - 1.7 - 1.4 - 0.2Producer price index on non-domestic market (change, %)7 - 1.8 - 0.8 2.2 - 2.4 - 2.5 2.0Industrial production index (period over period change, %)8 1.8 - 6.7 2.3 2.9 - 6.1 0.5Industrial production index (annual change, %)8 1.8 2.2 4.3 2.9 2.9 1.1Terms of trade (%) 0.1 - 2.3 - 0.1 - 0.8 1.5 2.7Goods export price index (change, based on the annual average prices for the previous year, %) - 4.5 - 2.4 - 0.3 - 2.7 - 4.2 - 3.2Goods import price index (change, based on the annual average prices for the previous year, %) - 4.6 - 0.1 - 0.1 - 1.9 - 5.7 - 5.7

Employed (thousands)9 2 241 − − 2 187 − −Unemployed (thousands)10, 11 351 − − 329 − −Unemployment (%)10, 11 10.7 − − 10.0 − −Average monthly wages and salaries (BGN) 822 859 879 894 922 946Gross domestic product per capita (BGN) 11 561 − − 12 001 − −

PUBLIC FINANCE

CONSOLIDATED FISCAL PROGRAMME12

(million BGN)Revenue and grants 29 409.1 7 795.1 8 508.4 32 200.4 9 096.7 8 612.7

Tax revenue 23 027.8 5 937.4 6 348.7 24 855.6 6 596.6 6 892.1Non-tax revenue and grants 6 381.4 1 857.7 2 159.7 7 344.8 2 500.1 1 720.6

Total expenses 32 482.0 7 539.2 7 874.8 34 684.7 7 234.4 7 404.3Interest expenses 579.9 262.8 46.8 698.3 310.8 50.4Non-interest expenses 31 902.2 7 276.4 7 828.1 33 986.3 6 923.6 7 354.0

Primary balance -2 493.0 518.8 680.4 -1 785.9 2 173.2 1 258.7Cashdeficit(-)/surplus(+) -3 072.9 255.9 633.6 -2 484.2 1 862.3 1 208.4Government and government guaranteed debt13 22 756.3 24 609.8 24 587.9 23 300.4 26 674.8 26 683.0

(% of GDP)14

Revenue and grants 35.2 9.0 9.9 37.3 10.2 9.7Tax revenue 27.5 6.9 7.4 28.8 7.4 7.7Non-tax revenue and grants 7.6 2.2 2.5 8.5 2.8 1.9

Total expenses 38.8 8.7 9.1 40.2 8.1 8.3Interest expenses 0.7 0.3 0.1 0.8 0.3 0.1Non-interest expenses 38.2 8.4 9.1 39.3 7.8 8.3

Primary balance - 3.0 0.6 0.8 - 2.1 2.4 1.4Cashdeficit(-)/surplus(+) - 3.7 0.3 0.7 - 2.9 2.1 1.4

(continued)

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1. MACROECONOMIC INDICATORS(continued)

20142015

20152016

Q1 Q2 Q1 Q2

GOVERNMENT FINANCE STATISTICS - ESA 2010 METHODOLOGY(million BGN)

Deficit(-)/surplus(+)15 -4 559.0 484.0 422.1 -1 489.9 621.7 920.0General government gross debt (Maastricht debt)16 22 553.9 24 359.5 24 222.0 23 049.5 26 497.0 26 445.3

(% of GDP)14

Deficit(-)/surplus(+) - 5.5 0.6 0.5 - 1.7 0.7 1.0General government gross debt (Maastricht debt) 27.0 28.2 28.0 26.0 29.8 29.7

MONEY AND CREDIT17

(million BGN)10

Net foreign assets 35 010.6 38 290.3 38 766.8 40 677.3 45 908.8 48 556.5Foreign assets 47 652.9 50 178.5 48 519.0 50 345.7 54 762.2 57 392.0Foreign liabilities 12 642.4 11 888.2 9 752.3 9 668.3 8 853.4 8 835.4

Net domestic assets 50 461.4 49 132.0 48 179.7 51 631.3 46 316.3 46 440.3Domestic credit 52 050.6 50 826.7 50 105.9 53 204.5 48 757.2 48 351.8

Claims on Government sector 437.9 - 660.5 -1 260.0 2 431.6 -1 456.4 -2 621.0Claims on non-government sector 51 612.6 51 487.2 51 365.9 50 772.9 50 213.6 50 972.9

Claims on Nouseholds and NPISHs 18 383.5 18 224.3 18 306.7 18 141.9 17 950.7 18 175.4Claims on non-government sector (annual growth rate, %) - 7.7 - 8.2 - 9.5 - 1.6 - 2.5 - 0.8Claims on Households and NPISHs (annual growth rate, %) - 1.6 - 1.8 - 1.8 - 1.3 - 1.5 - 0.7

NetforeignassetsofоtherMFIs 4 219.5 2 727.3 2 656.4 2 586.0 5 634.4 6 214.7ForeignassetsofоtherMFIs 15 284.8 13 059.1 10 889.4 10 639.2 12 953.9 13 466.7ForeignliabilitiesofоtherMFIs 11 065.3 10 331.8 8 233.0 8 053.1 7 319.5 7 252.0

Money M1 (Narrow money) 31 111.0 31 694.3 32 317.6 35 970.0 34 892.5 37 172.6MoneyM2(M1+Quasi-money) 67 936.8 69 029.4 69 285.1 73 891.2 73 189.4 75 456.3Money M3 (Broad money) 68 005.7 69 082.7 69 345.5 73 961.4 73 264.3 75 524.9BNB international reserves18 32 338.0 37 089.1 37 599.2 39 674.8 41 776.6 43 893.5Reserve money 19 234.1 21 232.8 21 533.4 27 501.6 24 308.5 24 434.4

Money in circulation 11 586.9 10 757.8 11 229.2 12 724.8 12 091.5 12 657.8DepositsofоtherMFIs 7 647.2 10 474.9 10 304.2 14 776.7 12 217.0 11 776.6

(% of GDP)14

Money M1 (Narrow money) 37.2 36.7 37.4 41.6 39.2 41.8MoneyM2(M1+Quasi-money) 81.3 79.9 80.2 85.5 82.3 84.8Money M3 (Broad money) 81.3 80.0 80.3 85.6 82.4 84.9Domestic credit 62.3 58.8 58.0 61.6 54.8 54.4

Claims on Government sector 0.5 - 0.8 - 1.5 2.8 - 1.6 - 2.9Claims on non-government sector 61.7 59.6 59.5 58.8 56.5 57.3

Claims on Households and NPISHs 22.0 21.1 21.2 21.0 20.2 20.4

Interest rates19

Base interest rate20 0.03 0.01 0.01 0.01 0.00 0.00Interbank money market 0.06 0.01 0.02 0.02 - 0.01 - 0.08SOFIBOR 3 months 0.78 0.61 0.55 0.54 0.21 0.13Yield on long-term government securities21 2.07 1.66 1.56 1.50 0.61 1.65Long-term interest rate for convergence assessment purposes22 3.35 2.66 2.36 2.49 2.59 2.40New business23

Deposits with agreed maturity 2.64 1.73 1.37 1.38 1.04 0.82Short-term loans24 7.52 7.84 7.53 7.14 6.49 5.15Long-term loans24 8.11 7.97 7.63 7.43 6.79 6.09Annual percentage rate of charge25 10.97 10.18 9.72 9.85 9.39 8.87

Outstanding amounts23

Overnight deposits26 0.34 0.28 0.22 0.17 0.14 0.10Deposits with agreed maturity 2.93 2.67 2.33 1.72 1.44 1.31Overdraft26 7.95 7.81 7.54 7.02 6.72 6.53Short-term loans24 7.01 7.29 7.43 6.98 6.24 5.84Long-term loans24 8.47 8.26 7.97 7.47 7.16 6.84

(continued)

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20142015

20152016

Q1 Q2 Q1 Q2

EXTERNAL SECTOR27

Gross External Debt (million EUR)10

Gross external debt 39 338.4 39 411.1 35 591.3 34 088.5 34 787.4 34 890.7Public sector external debt28 6 552.0 6 952.2 6 530.6 6 001.4 7 132.2 7 504.1Private sector external debt29 32 786.4 32 458.9 29 060.7 28 087.0 27 655.2 27 386.6

Gross external debt (% of exports of GNFS)30 141.7 − − 117.7 − −Short term debt/Gross external debt (%) 25.3 21.9 22.1 23.1 21.7 21.8

(% GDP)14

Gross external debt 92.0 89.2 80.6 77.2 76.5 76.7Public sector external debt 15.3 15.7 14.8 13.6 15.7 16.5Private sector external debt 76.7 73.5 65.8 63.6 60.8 60.2

Short term debt 23.3 19.6 17.8 17.8 16.6 16.7

Balance of Payments31

(million EUR)Current account 35.1 110.1 - 90.2 172.4 266.6 780.1Trade balance32 -2 776.6 - 620.5 -1 138.1 -2 622.4 - 351.3 - 815.8Exports32 21 026.3 5 243.6 10 959.7 21 919.4 5 132.5 10 581.7Exports ( year over year percentage change)32 - 0.9 14.7 12.1 4.2 - 2.1 - 3.4Imports32 23 802.9 5 864.1 12 097.8 24 541.8 5 483.8 11 397.5Imports ( year over year percentage change)32 - 1.4 7.6 7.1 3.1 - 6.5 - 5.8Current and capital account 994.7 398.9 639.2 1 594.0 827.6 1 588.0Capitalandfinancialaccount33 677.3 1 043.4 2 203.9 4 568.0 1 392.4 2 331.7Financial account33 - 282.3 754.6 1 474.6 3 146.4 831.4 1 523.8Foreign direct investment34, 35 1 160.9 578.3 953.0 1 692.4 381.9 912.8Foreigndirectinvestment/Currentaccountdeficit(%) - - 1 056.9 - - -Portfolio investment - assets33 329.5 142.6 - 646.6 - 268.7 66.0 - 12.8Portfolio investment - liabilities33 1 541.7 1 235.0 964.6 308.7 1 108.9 1 061.7Other investments - assets33 1 096.1 -1 214.4 -1 121.2 -1 420.9 941.7 1 340.2Other investments - liabilities33 1 074.2 -1 499.0 -2 534.7 -2 997.4 - 456.1 - 320.2

(% GDP)14

Current account 0.1 0.2 - 0.2 0.4 0.6 1.7Trade balance - 6.5 - 1.4 - 2.6 - 5.9 - 0.8 - 1.8Exports 49.2 11.8 24.6 49.1 11.3 23.3Importss 55.7 13.1 27.1 55.0 12.1 25.1Services, net 5.9 0.8 2.3 7.0 0.8 2.4Travel, net 4.8 0.3 1.1 4.1 0.3 1.2Income, net - 3.1 - 0.9 - 2.6 - 4.4 - 0.6 - 1.4Current transfers, net 3.8 1.7 2.7 3.7 1.1 2.5Current and capital account 2.3 0.9 1.4 3.6 1.8 3.5Capitalandfinancialaccount 1.6 2.4 5.0 10.3 3.1 5.1Financial account - 0.7 1.7 3.3 7.1 1.8 3.4Foreign direct investment 2.7 1.3 2.2 3.8 0.8 2.0Portfolio investment - assets 0.8 0.3 - 1.5 - 0.6 0.1 0.0Portfolio investment - liabilities 3.6 2.8 2.2 0.7 2.4 2.3Other investment - assets 2.6 - 2.7 - 2.5 - 3.2 2.1 2.9Other investment - liabilities 2.5 - 3.4 - 5.7 - 6.8 - 1.0 - 0.7

Foreign Trade36

(million EUR)Trade balance -4 020.7 - 774.9 - 744.4 -3 374.3 - 467.8 - 649.5Exports FOB 22 104.9 5 523.9 5 977.0 22 982.3 5 414.5 5 677.3Imports CIF 26 125.7 6 298.8 6 721.4 26 356.6 5 882.3 6 326.8

(% GDP)14

Trade balance - 9.4 - 1.8 - 1.7 - 7.6 - 1.0 - 1.4Exports FOB 51.7 12.5 13.5 52.0 11.9 12.5Imports CIF 61.1 14.3 15.2 59.7 12.9 13.9

(continued)

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20142015

20152016

Q1 Q2 Q1 Q2

Other indicatorsGross External Assets (in million EUR)37 25 605.7 27 043.0 26 194.0 27 385.4 29 490.5 30 873.5Net external debt (in million EUR)38 13 732.7 12 368.1 9 397.3 6 703.1 5 296.8 4 017.2Net External Debt (% of GDP) 32.1 27.7 21.1 15.0 11.6 8.8International investment posiotion, net (in million EUR)39 -32 241.8 -30 928.4 -28 262.7 -27 172.2 -25 944.1 -25 259.8International investment posiotion, net (% of GDP) -75.4 -70.0 -64.0 -61.5 -57.1 -55.5BNB reserve assets in monhts of GNFS imports40 7.1 8.0 8.0 8.5 9.1 9.6Exchange rate of the lev against the euro Currencyboardfixedrate:BGN1.95583/EUR1Exchange rate of the lev against the US dollar10 1.61 1.82 1.75 1.79 1.72 1.76

1Source:NationalStatisticalInstitute,excludingdataonunemployedandunemploymentrate.2 Data compiled in accordance with ESA 2010. Preliminary data as of 30 September 2016.3ThedeflatorsforeachperiodarecalculatedastheratioofcurrentpricesGDPestimateandpreviousyear'spricesGDPestimateforthesameperiod.4Seasonallyandworking-dayadjusteddataаt2010prices.Preliminarydataasof30September2016.5 Annual data - annual rate (end of period); quarterly data - period-on-period changes. Quarterly data - based on monthly data series published by the NSI.6 Annual average data, previous 12 months = 100.7 Annual data - annual average change, previous year = 100; quarterly - period-on-period changes.8 Seasonally unadjusted. Annual and quarterly data - average change for the period.9 Employed under a labour contract. Annual data - annual average number of employees.10 As at the end of the corresponding period.11Unemployedregistered.Source:NationalEmploymentAgency.12Oncashbasis.Source:MinistryofFinance.13Databasedonnationalmethodology.Source:MoF.14 2016 data are calculated on the basis of GDP amounting to 88 939 million BGN (BNB estimate). 15 General governmentsector-consolidateddata.Source:annualdata-NSI;quarterlydata-BNB.16 Data based on ESA 2010methodologyinaccordancewiththeCouncilRegulation(EC)No1222/2004of28June2004.Source:MoF.17Preliminarydatafor2015and2016.Source:BNBandotherMFIs.OtherMFIscomprisecreditinstitutions(banks)andmoneymarketfunds.18ItisequaltothetotalassetsoftheBNB'sIssue Department.19 The interest rates are on BGN instruments. They are calculated by weighing with the corresponding amounts. Base interest rate, long-term interest rate for convergence assessment

and SOFIBOR are calculated as average values.20 The BIR equals the simple average of the index LEONIA for the business days of the preceding month, and when this simple average amounts to a value less than zero, the BIR is

set to a value equal to zero.21 The average weighted effective yield to maturity on individual transactions achieved on the secondary market during the reporting period. The yield is calculated using the ISMA

formula at ACT/365 day count convention. The securities are grouped by their original maturity.22 The long-term interest rate for convergence assessment purposes is determined on the basis of the secondary market yield to maturity of a benchmark long-term bond issued by the

MoF (Central Government) and denominated in the national currency. The ISMA formula at ACT/365 day count convention is used. 23 Preliminary data for 2015 and 2016. The interest rates are effective annual rates. They are average weighted with the volumes of new business throughout the reporting period or

the outstanding amounts as of the end of the reporting period. Interest rates on new business and on outstanding amounts, applied by banks, on loans and deposits are vis-a-vis Non-financial corporations and Households and NPISHs sectors.

24 Loans other than overdraft. Short-term loans include loans by original maturity up to and including 1 year and long-term loans - over 1 year. 25 The annual percentage rate of charge comprises all the interest payments on a loan, as well as all fees, commissions and other charges a client must pay in order to obtain the loan. It

refers only to consumer loans and loans for house purchase to Households.26 Interest rates on new business and on outstanding amounts for overnight deposits and overdraft coincide.27Preliminarydatafor2015and2016.Theflowdataincludetheperiodfromthebeginningoftheyeartillthereportingmonth,thestockdataareasoftheendofthereportingmonth.28 Source: MoF, BNB, banks, local companies. 29 Sources: banks, local companies.30 Compared to export of Goods and non-factor services. The indicator is calculated on an annual basis.31 Data compiled in accordance with the Balance of Payments and International Investment Position Manual (BPM6).32 For 2015 and 2016 - preliminary NSI and BNB data compiled in accordance with the Balance of Payments and International Investment Position Manual (BPM6). The reclassification

of certain items from Goods (exports and imports) to Services (exports and imports) and vise versa results in differences between the external trade statistics compiled by the NSI and the balance of payments statistics data on Goods (exports and imports) compiled by the BNB.

33 A positive sign (+) denotes an increase in assets and liabilities, and a negative sign (-) denotes a decrease in assets and liabilities. Including financial derivatives.34 Data presented following the directional principle and compiled in accordance with the methodological requirements of the Sixth Edition of the Balance of Payments and International

Investment Position Manual (IMF, 2008).35 Data are provided by direct investment companies reporting to the BNB, by the Agency for Privatisation, the NSI, the Central Depository and the banks. Preliminary data for 2015

and 2016.36 For 2015 and 2016 preliminary NSI data, including INTRASTAT system data and customs declarations data.37 Including BNB reserve assets, banks assets abroad and nonfinancial sector deposits abroad.38 Difference between the amount of the Gross external debt and the amount of the Gross external assets.39 Stock as at the end of the corresponding quarter.40 The proportion (in months) of BNB Reserve Assets (total assets of the BNB's Issue Department) as at the end of the reporting month to average Imports of Goods and Non-Factor Services for the last 12 months.

9

2. MONETARY AND FINANCIAL STATISTICS2.1. BALANCE SHEET OF THE BULGARIAN NATIONAL BANK

(BGN'000)

BALANCE SHEET OF ISSUE DEPARTMENT 29.01.2016 29.02.2016 31.03.2016 28.04.2016 31.05.2016 30.06.2016

ASSETS 38 271 171 38 623 240 41 776 627 42 308 239 42 536 565 43 893 520

1. Cash and foreign currency denominated deposits 11 656 124 10 595 955 11 241 177 10 738 833 10 600 673 11 185 6922. Monetary gold and other monetary gold instruments 2 580 706 2 864 060 2 748 621 2 802 017 2 754 102 2 998 0173. Investments in securities 24 034 341 25 163 225 27 786 829 28 767 389 29 181 790 29 709 811

LIABILITIES 38 271 171 38 623 240 41 776 627 42 308 239 42 536 565 43 893 520

1. Notes and coins in circulation 12 206 871 12 209 586 12 091 489 12 463 361 12 429 851 12 657 8202. Liabilities to banks 13 224 147 13 426 921 12 217 044 12 323 762 11 740 281 11 776 6193. Liabilities to Government and to government budget

institutions 6 516 069 6 102 233 10 770 072 10 847 756 11 456 974 12 198 6284. Liabilities to other depositors 749 449 814 292 788 141 738 612 981 949 1 011 7755. Banking Department deposit 5 574 635 6 070 208 5 909 881 5 934 748 5 927 510 6 248 678

(BGN'000)

BALANCE SHEET OF BANKING DEPARTMENT 29.01.2016 29.02.2016 31.03.2016 28.04.2016 31.05.2016 30.06.2016

ASSETS 7 373 417 8 354 128 8 142 321 8 176 157 8 188 585 8 522 468

1. Gold and other precious metals 35 129 38 749 37 362 38 158 37 494 40 6112. Receivables from central government 0 0 0 0 0 03. Capital investments and IMF quota 1 606 824 2 088 705 2 039 969 2 050 935 2 071 664 2 075 1764. Fixed tangible and intangible assets 143 077 141 960 140 766 139 965 138 811 137 7915. Other assets 13 752 14 506 14 343 12 351 13 106 20 2126. Deposit with Issue Department 5 574 635 6 070 208 5 909 881 5 934 748 5 927 510 6 248 678

LIABILITIES 7 373 417 8 354 128 8 142 321 8 176 157 8 188 585 8 522 468

1. Borrowings from IMF 0 0 0 0 0 02.Liabilitiestointernationalfinancialinstitutions 3 009 261 3 496 318 3 410 480 3 429 872 3 466 249 3 472 5033. Other liabilities 22 822 176 283 174 739 173 482 172 198 176 287Totalliabilities: 3 032 083 3 672 601 3 585 219 3 603 354 3 638 447 3 648 790

4. Capital 20 000 20 000 20 000 20 000 20 000 20 0005. Reserves 4 293 762 4 625 660 4 503 845 4 550 428 4 530 752 4 839 8136. Retained earnings 27 572 35 867 33 257 2 375 - 614 13 865Totalequity: 4 341 334 4 681 527 4 557 102 4 572 803 4 550 138 4 873 678

Source: BNB.

10

2.2. MONETARY SURVEY1

(BGN'000)III.2015 VI.2015 IX.2015 XII.2015 III.2016 VI.2016

Exchangerate:BGN/USD1 1.81785 1.74799 1.74581 1.79007 1.71790 1.76169Exchangerate:BGN/EUR1 1.95583 1.95583 1.95583 1.95583 1.95583 1.95583

FOREIGN ASSETS (NET) 38 290 340 38 766 779 40 881 328 40 677 346 45 908 813 48 556 529

Foreign assets 50 178 501 48 519 045 50 757 770 50 345 663 54 762 230 57 391 953Cash in foreign currency 701 532 754 131 719 531 671 924 564 728 596 059

o/w EUR 542 709 588 416 555 800 520 459 433 389 436 968Deposits 15 723 462 13 415 695 16 137 812 14 428 878 16 749 407 16 664 819

in BGN 962 209 609 011 956 066 844 528 859 036 1 009 086in foreign currency 14 761 253 12 806 684 15 181 746 13 584 350 15 890 371 15 655 733

o/w EUR 13 031 679 10 818 786 13 046 201 11 570 031 13 701 700 13 632 001Repos 1 236 068 1 176 283 1 338 919 1 103 394 1 189 621 1 841 849

in BGN 7 900 10 972 9 180 11 070 8 890 9 890in foreign currency 1 228 168 1 165 311 1 329 739 1 092 324 1 180 731 1 831 959

o/w EUR 16 889 293 714 258 106 209 518 306 110 378 193Loans 2 677 042 1 432 269 1 618 099 1 814 989 1 880 803 1 763 006


o/w EUR 2 027 504 795 951 834 790 1 021 658 1 087 302 1 050 299Securities other than shares 25 251 616 27 286 854 26 626 082 28 008 909 29 623 446 31 561 933

in BGN 5 130 5 136 235 6 062 - -in foreign currency 25 246 486 27 281 718 26 625 847 28 002 847 29 623 446 31 561 933

o/w EUR 24 664 081 26 839 164 26 093 750 27 229 758 28 868 402 30 651 209Shares and other equity 181 282 181 521 193 436 226 645 269 535 206 696

in BGN - - - - - -in foreign currency 181 282 181 521 193 436 226 645 269 535 206 696

o/w EUR 106 725 106 932 110 950 140 701 195 237 103 394Monetary gold and SDR holdings2 4 389 597 4 243 307 4 108 810 4 072 882 4 464 550 4 746 603Accrued interest receivable 17 902 28 985 15 081 18 042 20 140 10 988


o/w EUR 17 199 28 232 14 428 17 040 18 158 10 406Less:foreignliabilities 11 888 161 9 752 266 9 876 442 9 668 317 8 853 417 8 835 424

Deposits 8 132 459 7 799 438 7 847 587 7 701 434 6 924 725 6 875 628in BGN 707 229 767 413 838 792 796 967 737 961 764 656in foreign currency 7 425 230 7 032 025 7 008 795 6 904 467 6 186 764 6 110 972

o/w EUR 6 825 921 6 386 232 6 365 739 6 336 293 5 554 268 5 489 820Repos 1 968 023 195 620 276 343 195 620 195 658 195 582

in BGN - - - - - -in foreign currency 1 968 023 195 620 276 343 195 620 195 658 195 582

o/w EUR 1 968 023 195 620 276 343 195 620 195 658 195 582Loans3 - - - - - -Securities4 255 519 255 001 254 695 254 546 254 457 258 696

in BGN 40 369 39 860 39 554 39 405 39 316 43 555in foreign currency 215 150 215 141 215 141 215 141 215 141 215 141

o/w EUR 215 150 215 141 215 141 215 141 215 141 215 141Accrued interest payable 261 455 769 169 130 125

in BGN - - - - - -in foreign currency 261 455 769 169 130 125

o/w EUR 137 330 644 42 - -SDR allocation 1 531 899 1 501 752 1 497 048 1 516 548 1 478 447 1 505 393

DOMESTIC ASSETS (NET) 49 132 018 48 179 670 48 308 004 51 631 266 46 316 257 46 440 268DOMESTIC CREDIT 50 826 679 50 105 861 50 482 989 53 204 506 48 757 188 48 351 834

CLAIMS ON GENERAL GOVERNMENT -660 484 -1 260 014 -1 048 829 2 431 612 -1 456 449 -2 621 038Central government (net) -913 277 -1 538 099 -1 342 908 2 138 021 -1 728 517 -2 913 417

Claims 9 088 435 9 252 044 8 695 921 9 194 049 10 089 563 10 280 000Government securities 8 723 489 8 841 952 8 258 538 8 589 451 9 623 076 9 813 169

in BGN 3 201 893 3 346 097 3 103 386 3 652 075 3 794 721 3 896 499in foreign currency 5 521 596 5 495 855 5 155 152 4 937 376 5 828 355 5 916 670

o/w EUR 5 484 503 5 460 107 5 119 378 4 900 849 5 801 968 5 889 590Repos - - - 124 669 - -

in BGN - - - 124 669 - -in foreign currency - - - - - -

o/w EUR - - - - - -Loans 364 946 410 092 437 383 479 929 466 487 466 831


o/w EUR 342 282 349 225 370 437 381 601 381 223 381 360

(continued)

11


(continued) (BGN'000)III.2015 VI.2015 IX.2015 XII.2015 III.2016 VI.2016

Less:liabilities 10 001 712 10 790 143 10 038 829 7 056 028 11 818 080 13 193 417Deposits 10 001 712 10 790 143 10 038 829 7 056 028 11 818 080 13 193 417


o/w EUR 3 720 397 3 714 675 2 719 721 1 890 497 5 479 437 5 502 399Repos - - - - - -

in BGN - - - - - -in foreign currency - - - - - -

o/w EUR - - - - - -Local government and SSFs 252 793 278 085 294 079 293 591 272 068 292 379

Securities other than shares 46 354 58 189 65 467 63 050 62 805 89 389in BGN 2 233 16 336 25 689 25 542 28 198 57 055in foreign currency 44 121 41 853 39 778 37 508 34 607 32 334

o/w EUR 44 121 41 853 39 778 37 508 34 607 32 334Repos - - - - - -


o/w EUR - - - - - -Loans 206 439 219 896 228 612 230 541 209 263 202 990


o/w EUR 51 214 50 764 49 227 48 491 40 130 31 575CLAIMS ON NON-GOVERNMENT SECTOR 51 487 163 51 365 875 51 531 818 50 772 894 50 213 637 50 972 872

Non-financialcorporations 31 321 154 31 296 285 31 376 113 30 937 972 30 500 726 30 814 053Repos 126 267 160 489 162 517 140 827 185 465 186 898

in BGN 116 679 150 857 162 517 140 827 185 465 167 340in foreign currency 9 588 9 632 - - - 19 558

o/w EUR 9 588 9 632 - - - 19 558Loans 30 841 543 30 778 298 30 858 854 30 473 749 29 996 303 30 314 977


o/w EUR 19 823 879 19 129 340 18 701 172 18 019 571 17 552 556 17 385 051Securities other than shares 142 578 140 254 133 910 95 585 93 454 91 327


o/w EUR 123 714 123 386 117 045 83 374 80 876 78 754Shares and other equity 210 766 217 244 220 832 227 811 225 504 220 851

in BGN 210 766 217 244 220 832 227 811 225 504 220 851in foreign currency - - - - - -

o/w EUR - - - - - -Financial corporations 1 941 670 1 762 912 1 816 248 1 693 068 1 762 208 1 983 393

Repos 422 536 192 218 211 826 102 038 146 925 95 892in BGN 321 407 126 475 157 683 45 683 64 890 59 634in foreign currency 101 129 65 743 54 143 56 355 82 035 36 258

o/w EUR 101 129 65 434 54 143 56 355 82 035 36 258Loans 1 131 066 1 178 045 1 210 704 1 190 777 1 215 396 1 472 182

in BGN 355 421 369 104 361 987 387 207 383 861 389 743in foreign currency 775 645 808 941 848 717 803 570 831 535 1 082 439

o/w EUR 771 186 808 369 848 269 802 952 830 939 1 081 251Securities other than shares 35 965 35 941 36 991 36 140 34 844 33 101



in BGN 351 919 356 522 356 541 363 926 364 857 381 287in foreign currency 184 186 186 187 186 931

o/w EUR 184 186 186 187 186 931Households and NPISHs 18 224 339 18 306 678 18 339 457 18 141 854 17 950 703 18 175 426

Repos 5 055 1 369 1 427 1 409 1 433 1 358in BGN 5 055 1 369 1 427 1 409 1 433 1 358in foreign currency - - - - - -

o/w EUR - - - - - -Loans 18 219 284 18 305 309 18 338 030 18 140 445 17 949 270 18 174 068


o/w EUR 6 006 939 5 764 955 5 532 072 5 281 769 5 046 509 4 790 513

(continued)

12



FIXED ASSETS 4 201 691 4 239 569 4 244 524 4 807 852 4 856 641 5 113 506OTHER ITEMS (NET) -5 896 352 -6 165 760 -6 419 509 -6 381 092 -7 297 572 -7 025 072

Accounts between MFIs (net) 44 543 25 769 37 650 20 636 1 653 -9 359in BGN 35 875 -28 924 22 087 33 605 31 704 31 149in foreign currency 8 668 54 693 15 563 -12 969 -30 051 -40 508

o/w EUR 9 229 56 240 15 652 5 280 6 261 1 794Other assets and liabilities (net) -5 940 895 -6 191 529 -6 457 159 -6 401 728 -7 299 225 -7 015 713

in BGN -4 849 242 -4 887 270 -5 107 942 -4 777 590 -5 114 375 -4 916 789in foreign currency -1 091 653 -1 304 259 -1 349 217 -1 624 138 -2 184 850 -2 098 924

o/w EUR -968 970 -1 220 318 -1 204 708 -1 536 374 -1 775 739 -1 735 290

BROAD MONEY M3 69 082 710 69 345 508 71 381 486 73 961 398 73 264 305 75 524 886MONEY M1 31 694 332 32 317 557 34 282 363 35 969 950 34 892 519 37 172 601

Currency outside MFIs 9 794 453 10 193 788 10 779 408 11 377 794 11 024 557 11 538 878Overnight deposits 21 899 879 22 123 769 23 502 955 24 592 156 23 867 962 25 633 723

in BGN 15 214 046 15 319 356 15 991 919 17 161 747 16 448 026 17 559 999Local government and SSFs 1 385 691 1 297 139 1 057 019 638 183 902 738 974 968Non-financialcorporations 7 331 774 7 517 938 8 162 840 9 378 571 8 289 362 8 714 178Financial corporations 1 315 566 1 133 289 1 234 902 959 837 828 418 1 027 178Households and NPISHs 5 181 015 5 370 990 5 537 158 6 185 156 6 427 508 6 843 675

in foreign currency 6 685 833 6 804 413 7 511 036 7 430 409 7 419 936 8 073 724Local government and SSFs 45 675 69 839 62 744 32 942 49 577 33 616Non-financialcorporations 4 355 851 4 388 916 4 905 256 4 764 218 4 779 105 4 807 826Financial corporations 909 891 927 790 1 033 346 1 007 170 911 417 1 426 893Households and NPISHs 1 374 416 1 417 868 1 509 690 1 626 079 1 679 837 1 805 389

o/w EUR 5 071 843 5 195 737 5 486 955 5 533 941 5 409 488 6 251 520Local government and SSFs 45 597 69 736 62 629 32 803 49 464 33 499Non-financialcorporations 3 276 598 3 351 711 3 621 557 3 616 044 3 411 008 3 617 190Financial corporations 657 758 653 740 631 584 621 059 643 447 1 191 152Households and NPISHs 1 091 890 1 120 550 1 171 185 1 264 035 1 305 569 1 409 679

MONEYM2(M1+QUASI-MONEY) 69 029 376 69 285 128 71 319 606 73 891 161 73 189 449 75 456 332QUASI-MONEY 37 335 044 36 967 571 37 037 243 37 921 211 38 296 930 38 283 731

Deposits with agreed maturity up to 2 years 26 657 847 26 340 469 26 483 605 26 989 321 27 391 567 27 250 648in BGN 12 626 080 12 727 751 12 893 438 13 227 972 13 694 593 13 637 557

Local government and SSFs 255 555 319 453 286 412 192 692 206 208 259 990Non-financialcorporations 1 726 753 1 780 251 1 715 383 1 816 200 2 172 706 2 089 681Financial corporations 610 619 563 372 624 485 700 900 748 611 706 905Households and NPISHs 10 033 153 10 064 675 10 267 158 10 518 180 10 567 068 10 580 981

in foreign currency 14 031 767 13 612 718 13 590 167 13 761 349 13 696 974 13 613 091Local government and SSFs 429 422 436 440 433 429Non-financialcorporations 2 136 051 1 939 228 1 884 608 2 052 872 1 960 621 2 020 638Financial corporations 578 973 479 925 431 374 476 701 719 634 732 260Households and NPISHs 11 316 314 11 193 143 11 273 749 11 231 336 11 016 286 10 859 764

o/w EUR 11 455 984 11 068 524 11 033 153 11 027 943 11 094 772 10 962 574Local government and SSFs 227 227 227 227 227 227Non-financialcorporations 1 755 932 1 545 510 1 501 400 1 608 064 1 596 255 1 588 805Financial corporations 565 725 456 816 409 734 429 888 581 116 585 660Households and NPISHs 9 134 100 9 065 971 9 121 792 8 989 764 8 917 174 8 787 882

Deposits redeemable at notice up to 3 months 10 677 197 10 627 102 10 553 638 10 931 890 10 905 363 11 033 083in BGN 6 438 608 6 417 336 6 422 091 6 775 549 6 774 849 6 841 445

Local government and SSFs - - - - - -Non-financialcorporations 12 187 9 690 14 451 15 886 15 323 21 309Financial corporations - - - - - -Households and NPISHs 6 426 421 6 407 646 6 407 640 6 759 663 6 759 526 6 820 136

in foreign currency 4 238 589 4 209 766 4 131 547 4 156 341 4 130 514 4 191 638Local government and SSFs - - - - - -Non-financialcorporations 2 775 2 333 2 236 2 683 1 910 1 831Financial corporations - - - - - -Households and NPISHs 4 235 814 4 207 433 4 129 311 4 153 658 4 128 604 4 189 807

o/w EUR 3 478 534 3 454 124 3 369 755 3 384 754 3 357 926 3 396 980Local government and SSFs - - - - - -Non-financialcorporations 1 484 1 013 965 1 411 724 695Financial corporations - - - - - -Households and NPISHs 3 477 050 3 453 111 3 368 790 3 383 343 3 357 202 3 396 285

(continued)

13



MONEYM3(M2+MARKETABLEINSTRU-MENTS) 69 082 710 69 345 508 71 381 486 73 961 398 73 264 305 75 524 886

Marketable instruments (debt securities issued up to 2years+MMFsshares/units+repos) 53 334 60 380 61 880 70 237 74 856 68 554

in BGN 53 334 60 380 61 880 61 237 65 856 63 954in foreign currency - - - 9 000 9 000 4 600

o/w EUR - - - 9 000 9 000 4 600LONGER-TERM LIABILITIES NOT INCLUD-ED IN MONEY SUPPLY 18 339 648 17 600 941 17 807 846 18 347 214 18 960 765 19 471 911DEPOSITS WITH AGREED MATURITY OVER 2 YEARS AND DEPOSITS REDEEMABLE AT NOTICE OVER 3 MONTHS 2 357 822 2 488 776 2 446 714 2 676 101 2 770 907 2 774 453


o/w EUR 1 011 287 1 136 082 1 089 992 1 226 892 1 232 848 1 259 087DEBT SECURITIES ISSUED OVER 2 YEARS 141 449 107 658 107 097 78 740 78 087 78 088


o/w EUR 141 449 107 658 107 097 78 740 78 087 78 088CAPITAL AND RESERVES 15 840 377 15 004 507 15 254 035 15 592 373 16 111 771 16 619 370

Funds contributed by owners 3 927 666 3 927 665 3 931 964 3 931 964 4 072 534 4 072 534Reserves 9 952 719 9 445 551 9 412 103 9 435 767 10 008 473 10 376 835Financial result 1 959 992 1 631 291 1 909 968 2 224 642 2 030 764 2 170 001

Preliminary data.1 Monetary statistics methodological notes are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Monetary Statistics.2 Including the reserve position in the IMF.3 Including only loans received from the IMF.4 Including debt securities issued and MMFs shares/units held by non-residents.

Source:BNBandotherMFIs.

14

2.3. BNB ANALYTICAL REPORTING1



ASSETS 27 065 392 26 590 830 29 083 180 32 303 744 29 491 498 30 010 655

FOREIGN ASSETS (NET) 35 563 037 36 110 338 37 775 572 38 091 320 40 274 389 42 341 805Foreign assets 37 119 390 37 629 653 39 408 472 39 706 500 41 808 307 43 925 204

Cash in foreign currency 272 453 253 551 259 560 217 335 193 935 170 055o/w EUR 271 589 252 686 257 616 216 151 192 821 169 158

Deposits 9 458 816 7 576 459 10 171 859 9 145 308 9 567 453 9 509 387in BGN - - - - - -in foreign currency 9 458 816 7 576 459 10 171 859 9 145 308 9 567 453 9 509 387

o/w EUR 9 280 799 7 406 557 9 985 711 8 951 289 9 382 139 9 315 917Repos - - - - - -


o/w EUR - - - - - -Loans - - - - - -


o/w EUR - - - - - -Securities other than shares 22 950 470 25 497 199 24 823 010 26 221 251 27 530 547 29 456 489

in BGN - - - - - -in foreign currency 22 950 470 25 497 199 24 823 010 26 221 251 27 530 547 29 456 489



o/w EUR 6 856 6 856 6 856 6 856 6 856 6 856Monetary gold and SDR holdings2 4 389 597 4 243 307 4 108 810 4 072 882 4 464 550 4 746 603Accrued interest receivable 17 902 28 985 15 081 18 042 20 140 10 988



Deposits 24 193 17 108 135 083 98 463 55 341 77 881in BGN 14 692 13 222 131 860 7 201 47 222 74 064in foreign currency 9 501 3 886 3 223 91 262 8 119 3 817

o/w EUR 9 501 3 886 3 223 91 262 8 119 3 817Repos - - - - - -


o/w EUR - - - - - -Loans3 - - - - - -Accrued interest payable 261 455 769 169 130 125

in BGN - - - - - -in foreign currency 261 455 769 169 130 125

o/w EUR 137 330 644 42 - -SDR allocation 1 531 899 1 501 752 1 497 048 1 516 548 1 478 447 1 505 393

CLAIMS ON GENERAL GOVERNMENT -8 746 604 -9 771 736 -8 931 000 -6 012 104 -10 876 787 -12 429 561Central government (net) -8 746 604 -9 771 736 -8 931 000 -6 012 104 -10 876 787 -12 429 561

Claims - - - - - -Government securities - - - - - -


o/w EUR - - - - - -Repos - - - - - -


o/w EUR - - - - - -Loans - - - - - -


o/w EUR - - - - - -Less:liabilities 8 746 604 9 771 736 8 931 000 6 012 104 10 876 787 12 429 561

Deposits 8 746 604 9 771 736 8 931 000 6 012 104 10 876 787 12 429 561in BGN 5 167 401 6 179 393 6 321 315 4 230 075 5 515 691 7 070 271in foreign currency 3 579 203 3 592 343 2 609 685 1 782 029 5 361 096 5 359 290

o/w EUR 3 551 944 3 517 426 2 536 095 1 705 647 5 290 064 5 286 865

(continued)

15



Repos - - - - - -


o/w EUR - - - - - -Social security funds - - - - - -

Repos - - - - - -in BGN - - - - - -in foreign currency - - - - - -

o/w EUR - - - - - -Loans - - - - - -


o/w EUR - - - - - -CLAIMS ON OTHER MFIs - - - - - -


o/w EUR - - - - - -CLAIMS ON NON-GOVERNMENT SECTOR 76 539 76 539 76 539 76 539 76 539 76 539

Non-financialcorporations 70 198 70 198 70 198 70 198 70 198 70 198Loans - - - - - -


o/w EUR - - - - - -Shares and other equity 70 198 70 198 70 198 70 198 70 198 70 198


o/w EUR - - - - - -Financial corporations 6 341 6 341 6 341 6 341 6 341 6 341

Loans - - - - - -in BGN - - - - - -in foreign currency - - - - - -

o/w EUR - - - - - -Shares and other equity 6 341 6 341 6 341 6 341 6 341 6 341


o/w EUR - - - - - -FIXED ASSETS 291 921 293 116 295 686 299 361 299 429 299 787OTHER ITEMS (NET) -119 501 -117 427 -133 617 -151 372 -282 072 -277 915

Other assets 1 567 243 1 540 483 1 529 588 1 550 963 1 983 453 2 027 780in BGN 47 278 50 198 44 188 46 025 51 665 60 566in foreign currency 1 519 965 1 490 285 1 485 400 1 504 938 1 931 788 1 967 214

o/w EUR 42 272 53 249 40 256Less:otherliabilities 1 686 744 1 657 910 1 663 205 1 702 335 2 265 525 2 305 695


o/w EUR 388 1 494 443 1 039 612 798

LIABILITIES 27 065 392 26 590 830 29 083 180 32 303 744 29 491 498 30 010 655RESERVE MONEY 21 232 778 21 533 409 24 047 930 27 501 561 24 308 534 24 434 440

Currency in circulation 10 757 842 11 229 239 11 852 430 12 724 818 12 091 490 12 657 821Deposits of other MFIs 10 474 936 10 304 170 12 195 500 14 776 743 12 217 044 11 776 619


o/w EUR 2 852 289 2 391 829 2 878 521 3 395 104 1 986 562 3 928 774LIABILITIES INCLUDED IN MONEY SUPPLY 1 090 018 759 845 822 379 648 234 625 863 702 537

DEPOSITS 1 090 018 759 845 822 379 648 234 625 863 702 537Overnight deposits 1 041 943 729 221 785 663 624 345 108 154 156 431

in BGN 522 904 292 739 337 367 218 369 95 638 153 028Social security funds 92 084 133 154 161 383 47 171 95 623 135 276Non-financialcorporations 328 1 723 251 - 190Financial corporations 430 492 159 584 175 261 170 947 15 17 562Households and NPISHs - - - - - -

in foreign currency 519 039 436 482 448 296 405 976 12 516 3 403Social security funds - - - - - -Non-financialcorporations 126 178 123 921 131 860 145 475 327 298Financial corporations 392 861 312 561 316 436 260 501 12 189 3 105Households and NPISHs - - - - - -

o/w EUR 367 080 338 595 332 216 286 954 11 675 3 386Social security funds - - - - - -Non-financialcorporations 126 178 123 921 131 860 145 475 327 298

(continued)

16



Financial corporations 240 902 214 674 200 356 141 479 11 348 3 088Households and NPISHs - - - - - -

Deposits with agreed maturity up to 2 years 48 075 30 624 36 716 23 889 517 709 546 106in BGN 26 561 9 110 15 202 2 375 140 291 170 291

Social security funds 14 090 9 110 15 202 2 375 291 30 291Non-financialcorporations - - - - - -Financial corporations 12 471 - - - 140 000 140 000Households and NPISHs - - - - - -

in foreign currency 21 514 21 514 21 514 21 514 377 418 375 815Social security funds - - - - - -Non-financialcorporations 21 514 21 514 21 514 21 514 148 643 138 864Financial corporations - - - - 228 775 236 951Households and NPISHs - - - - - -

o/w EUR 21 514 21 514 21 514 21 514 264 037 254 258Social security funds - - - - - -Non-financialcorporations 21 514 21 514 21 514 21 514 148 643 138 864Financial corporations - - - - 115 394 115 394Households and NPISHs - - - - - -

Deposits redeemable at notice up to 3 months - - - - - -in BGN - - - - - -in foreign currency - - - - - -

o/w EUR - - - - - -LONGER-TERM LIABILITIES NOT INCLUDED IN MONEY SUPPLY 4 742 596 4 297 576 4 212 871 4 153 949 4 557 101 4 873 678

Deposits with agreed maturity over 2 years and deposits redeemable at notice over 3 months - - - - - -


o/w EUR - - - - - -Capital and reserves 4 742 596 4 297 576 4 212 871 4 153 949 4 557 101 4 873 678

Funds contributed by owners 20 000 20 000 20 000 20 000 20 000 20 000Reserves 4 634 342 4 240 428 4 157 517 4 107 983 4 503 845 4 839 813Financial result 88 254 37 148 35 354 25 966 33 256 13 865

1 Monetary statistics methodological notes are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Monetary Statistics.2 Including the reserve position in the IMF.3 Including only loans received from the IMF.

Source:BNB.

17

2.4. ANALYTICAL REPORTING OF OTHER MFIs1



ASSETS 71 795 291 71 695 240 73 374 674 76 128 635 76 017 549 77 881 704

FOREIGN ASSETS (NET) 2 727 303 2 656 441 3 105 756 2 586 026 5 634 424 6 214 724Foreign assets 13 059 111 10 889 392 11 349 298 10 639 163 12 953 923 13 466 749

Cash in foreign currency 429 079 500 580 459 971 454 589 370 793 426 004o/w EUR 271 120 335 730 298 184 304 308 240 568 267 810

Deposits 6 264 646 5 839 236 5 965 953 5 283 570 7 181 954 7 155 432in BGN 962 209 609 011 956 066 844 528 859 036 1 009 086in foreign currency 5 302 437 5 230 225 5 009 887 4 439 042 6 322 918 6 146 346

o/w EUR 3 750 880 3 412 229 3 060 490 2 618 742 4 319 561 4 316 084Repos 1 236 068 1 176 283 1 338 919 1 103 394 1 189 621 1 841 849


o/w EUR 16 889 293 714 258 106 209 518 306 110 378 193Loans 2 677 042 1 432 269 1 618 099 1 814 989 1 880 803 1 763 006


o/w EUR 2 027 504 795 951 834 790 1 021 658 1 087 302 1 050 299Securities other than shares 2 301 146 1 789 655 1 803 072 1 787 658 2 092 899 2 105 444

in BGN 5 130 5 136 235 6 062 - -in foreign currency 2 296 016 1 784 519 1 802 837 1 781 596 2 092 899 2 105 444




Deposits 8 108 266 7 782 330 7 712 504 7 602 971 6 869 384 6 797 747in BGN 692 537 754 191 706 932 789 766 690 739 690 592in foreign currency 7 415 729 7 028 139 7 005 572 6 813 205 6 178 645 6 107 155

o/w EUR 6 816 420 6 382 346 6 362 516 6 245 031 5 546 149 5 486 003Repos 1 968 023 195 620 276 343 195 620 195 658 195 582

in BGN - - - - - -in foreign currency 1 968 023 195 620 276 343 195 620 195 658 195 582

o/w EUR 1 968 023 195 620 276 343 195 620 195 658 195 582Securities2 255 519 255 001 254 695 254 546 254 457 258 696


o/w EUR 215 150 215 141 215 141 215 141 215 141 215 141RESERVES IN THE BNB3 11 420 201 11 357 716 13 265 668 16 117 448 13 277 578 12 886 071

Cash in levs 963 389 1 035 451 1 073 022 1 347 024 1 066 933 1 118 943Deposits 10 456 812 10 322 265 12 192 646 14 770 424 12 210 645 11 767 128


o/w EUR 2 840 390 2 440 574 2 880 052 3 384 828 1 985 024 3 924 239CLAIMS ON GENERAL GOVERNMENT 8 086 120 8 511 722 7 882 171 8 443 716 9 420 338 9 808 523

Central government (net) 7 833 327 8 233 637 7 588 092 8 150 125 9 148 270 9 516 144Claims 9 088 435 9 252 044 8 695 921 9 194 049 10 089 563 10 280 000

Government securities 8 723 489 8 841 952 8 258 538 8 589 451 9 623 076 9 813 169in BGN 3 201 893 3 346 097 3 103 386 3 652 075 3 794 721 3 896 499in foreign currency 5 521 596 5 495 855 5 155 152 4 937 376 5 828 355 5 916 670

o/w EUR 5 484 503 5 460 107 5 119 378 4 900 849 5 801 968 5 889 590Repos - - - 124 669 - -

in BGN - - - 124 669 - -in foreign currency - - - - - -

o/w EUR - - - - - -Loans 364 946 410 092 437 383 479 929 466 487 466 831


o/w EUR 342 282 349 225 370 437 381 601 381 223 381 360Less:liabilities 1 255 108 1 018 407 1 107 829 1 043 924 941 293 763 856

Deposits 1 255 108 1 018 407 1 107 829 1 043 924 941 293 763 856in BGN 1 069 044 804 396 907 613 841 713 733 288 530 025in foreign currency 186 064 214 011 200 216 202 211 208 005 233 831

o/w EUR 168 453 197 249 183 626 184 850 189 373 215 534Repos - - - - - -

in BGN - - - - - -

(continued)

18



in foreign currency - - - - - -

o/w EUR - - - - - -Local government and SSFs 252 793 278 085 294 079 293 591 272 068 292 379

Securities other than shares 46 354 58 189 65 467 63 050 62 805 89 389in BGN 2 233 16 336 25 689 25 542 28 198 57 055in foreign currency 44 121 41 853 39 778 37 508 34 607 32 334

o/w EUR 44 121 41 853 39 778 37 508 34 607 32 334Repos - - - - - -


o/w EUR - - - - - -Loans 206 439 219 896 228 612 230 541 209 263 202 990


o/w EUR 51 214 50 764 49 227 48 491 40 130 31 575CLAIMS ON NON-GOVERNMENT SECTOR 51 410 624 51 289 336 51 455 279 50 696 355 50 137 098 50 896 333

Non-financialcorporations 31 250 956 31 226 087 31 305 915 30 867 774 30 430 528 30 743 855Repos 126 267 160 489 162 517 140 827 185 465 186 898

in BGN 116 679 150 857 162 517 140 827 185 465 167 340in foreign currency 9 588 9 632 - - - 19 558

o/w EUR 9 588 9 632 - - - 19 558Loans 30 841 543 30 778 298 30 858 854 30 473 749 29 996 303 30 314 977


o/w EUR 19 823 879 19 129 340 18 701 172 18 019 571 17 552 556 17 385 051Securities other than shares 142 578 140 254 133 910 95 585 93 454 91 327




o/w EUR - - - - - -Financial corporations 1 935 329 1 756 571 1 809 907 1 686 727 1 755 867 1 977 052

Repos 422 536 192 218 211 826 102 038 146 925 95 892in BGN 321 407 126 475 157 683 45 683 64 890 59 634in foreign currency 101 129 65 743 54 143 56 355 82 035 36 258

o/w EUR 101 129 65 434 54 143 56 355 82 035 36 258Loans 1 131 066 1 178 045 1 210 704 1 190 777 1 215 396 1 472 182

in BGN 355 421 369 104 361 987 387 207 383 861 389 743in foreign currency 775 645 808 941 848 717 803 570 831 535 1 082 439

o/w EUR 771 186 808 369 848 269 802 952 830 939 1 081 251Securities other than shares 35 965 35 941 36 991 36 140 34 844 33 101



in BGN 345 578 350 181 350 200 357 585 358 516 374 946in foreign currency 184 186 186 187 186 931

o/w EUR 184 186 186 187 186 931Households and NPISHs 18 224 339 18 306 678 18 339 457 18 141 854 17 950 703 18 175 426

Repos 5 055 1 369 1 427 1 409 1 433 1 358in BGN 5 055 1 369 1 427 1 409 1 433 1 358in foreign currency - - - - - -

o/w EUR - - - - - -Loans 18 219 284 18 305 309 18 338 030 18 140 445 17 949 270 18 174 068


o/w EUR 6 006 939 5 764 955 5 532 072 5 281 769 5 046 509 4 790 513FIXED ASSETS 3 909 770 3 946 453 3 948 838 4 508 491 4 557 212 4 813 719OTHER ITEMS (NET) -5 758 727 -6 066 428 -6 283 038 -6 223 401 -7 009 101 -6 737 666

Accounts between other MFIs (net) 62 667 7 674 40 504 26 955 8 052 132Claims on other MFIs 1 199 803 1 269 575 1 146 510 922 168 897 440 908 186


o/w EUR 229 414 272 256 159 963 156 192 112 725 103 069Less:liabilitiestootherMFIs 1 137 136 1 261 901 1 106 006 895 213 889 388 908 054


o/w EUR 208 286 264 761 145 842 140 636 104 926 96 740

(continued)

19



Other (net) -5 821 394 -6 074 102 -6 323 542 -6 250 356 -7 017 153 -6 737 798

Otherunclassifiedassets 3 342 191 3 193 843 3 024 454 2 651 310 2 499 822 2 689 866in BGN 1 379 121 1 351 485 1 279 923 1 231 962 1 272 358 1 340 244in foreign currency 1 963 070 1 842 358 1 744 531 1 419 348 1 227 464 1 349 622

o/w EUR 1 799 733 1 683 234 1 577 783 1 221 392 1 136 567 1 228 864Less:otherunclassifiedliabilities 9 163 585 9 267 945 9 347 996 8 901 666 9 516 975 9 427 664


o/w EUR 2 768 357 2 902 330 2 782 101 2 756 976 2 911 734 2 963 612

LIABILITIES 71 795 291 71 695 240 73 374 674 76 128 635 76 017 549 77 881 704LIABILITIES TO THE BNB - - - - - -


o/w EUR - - - - - -LIABILITIES INCLUDED IN MONEY SUPPLY 58 198 239 58 391 875 59 779 699 61 935 370 61 613 885 63 283 471

DEPOSITS 58 144 905 58 331 495 59 717 819 61 865 133 61 539 029 63 214 917Overnight deposits 20 857 936 21 394 548 22 717 292 23 967 811 23 759 808 25 477 292

in BGN 14 691 142 15 026 617 15 654 552 16 943 378 16 352 388 17 406 971Local government and SSFs 1 293 607 1 163 985 895 636 591 012 807 115 839 692Non-financialcorporations 7 331 446 7 517 937 8 162 117 9 378 320 8 289 362 8 713 988Financial corporations 885 074 973 705 1 059 641 788 890 828 403 1 009 616Households and NPISHs 5 181 015 5 370 990 5 537 158 6 185 156 6 427 508 6 843 675

in foreign currency 6 166 794 6 367 931 7 062 740 7 024 433 7 407 420 8 070 321Local government and SSFs 45 675 69 839 62 744 32 942 49 577 33 616Non-financialcorporations 4 229 673 4 264 995 4 773 396 4 618 743 4 778 778 4 807 528Financial corporations 517 030 615 229 716 910 746 669 899 228 1 423 788Households and NPISHs 1 374 416 1 417 868 1 509 690 1 626 079 1 679 837 1 805 389

o/w EUR 4 704 763 4 857 142 5 154 739 5 246 987 5 397 813 6 248 134Local government and SSFs 45 597 69 736 62 629 32 803 49 464 33 499Non-financialcorporations 3 150 420 3 227 790 3 489 697 3 470 569 3 410 681 3 616 892Financial corporations 416 856 439 066 431 228 479 580 632 099 1 188 064Households and NPISHs 1 091 890 1 120 550 1 171 185 1 264 035 1 305 569 1 409 679

Deposits with agreed maturity up to 2 years 26 609 772 26 309 845 26 446 889 26 965 432 26 873 858 26 704 542in BGN 12 599 519 12 718 641 12 878 236 13 225 597 13 554 302 13 467 266

Local government and SSFs 241 465 310 343 271 210 190 317 205 917 229 699Non-financialcorporations 1 726 753 1 780 251 1 715 383 1 816 200 2 172 706 2 089 681Financial corporations 598 148 563 372 624 485 700 900 608 611 566 905Households and NPISHs 10 033 153 10 064 675 10 267 158 10 518 180 10 567 068 10 580 981

in foreign currency 14 010 253 13 591 204 13 568 653 13 739 835 13 319 556 13 237 276Local government and SSFs 429 422 436 440 433 429Non-financialcorporations 2 114 537 1 917 714 1 863 094 2 031 358 1 811 978 1 881 774Financial corporations 578 973 479 925 431 374 476 701 490 859 495 309Households and NPISHs 11 316 314 11 193 143 11 273 749 11 231 336 11 016 286 10 859 764

o/w EUR 11 434 470 11 047 010 11 011 639 11 006 429 10 830 735 10 708 316Local government and SSFs 227 227 227 227 227 227Non-financialcorporations 1 734 418 1 523 996 1 479 886 1 586 550 1 447 612 1 449 941Financial corporations 565 725 456 816 409 734 429 888 465 722 470 266Households and NPISHs 9 134 100 9 065 971 9 121 792 8 989 764 8 917 174 8 787 882

Deposits redeemable at notice up to 3 months 10 677 197 10 627 102 10 553 638 10 931 890 10 905 363 11 033 083in BGN 6 438 608 6 417 336 6 422 091 6 775 549 6 774 849 6 841 445

Local government and SSFs - - - - - -Non-financialcorporations 12 187 9 690 14 451 15 886 15 323 21 309Financial corporations - - - - - -Households and NPISHs 6 426 421 6 407 646 6 407 640 6 759 663 6 759 526 6 820 136

in foreign currency 4 238 589 4 209 766 4 131 547 4 156 341 4 130 514 4 191 638Local government and SSFs - - - - - -Non-financialcorporations 2 775 2 333 2 236 2 683 1 910 1 831Financial corporations - - - - - -Households and NPISHs 4 235 814 4 207 433 4 129 311 4 153 658 4 128 604 4 189 807

o/w EUR 3 478 534 3 454 124 3 369 755 3 384 754 3 357 926 3 396 980Local government and SSFs - - - - - -Non-financialcorporations 1 484 1 013 965 1 411 724 695Financial corporations - - - - - -Households and NPISHs 3 477 050 3 453 111 3 368 790 3 383 343 3 357 202 3 396 285

(continued)

20



MARKETABLE INSTRUMENTS (DEBT SECURITIESISSUEDUPTO2YEARS+MMFsSHARES/UNITS+REPOS) 53 334 60 380 61 880 70 237 74 856 68 554

in BGN 53 334 60 380 61 880 61 237 65 856 63 954in foreign currency - - - 9 000 9 000 4 600

o/w EUR - - - 9 000 9 000 4 600LONGER-TERM LIABILITIES NOT INCLUDED IN MONEY SUPPLY 13 597 052 13 303 365 13 594 975 14 193 265 14 403 664 14 598 233

Deposits with agreed maturity over 2 years and deposits redeemable at notice over 3 months 2 357 822 2 488 776 2 446 714 2 676 101 2 770 907 2 774 453


o/w EUR 1 011 287 1 136 082 1 089 992 1 226 892 1 232 848 1 259 087Debt securities issued over 2 years 141 449 107 658 107 097 78 740 78 087 78 088


o/w EUR 141 449 107 658 107 097 78 740 78 087 78 088Capital and reserves 11 097 781 10 706 931 11 041 164 11 438 424 11 554 670 11 745 692

Funds contributed by owners 3 907 666 3 907 665 3 911 964 3 911 964 4 052 534 4 052 534Reserves 5 318 377 5 205 123 5 254 586 5 327 784 5 504 628 5 537 022Financial result 1 871 738 1 594 143 1 874 614 2 198 676 1 997 508 2 156 136

Preliminary data.1 Monetary statistics methodological notes are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Monetary Statistics.2 Including debt securities issued and MMFs shares/units held by non-residents.3 The indicator is compiled for monetary statistics purposes and it differs methodologically from minimum reserve requirements calculated according to Ordinance No. 21 on the

Minimum Required Reserves Maintained with the Bulgarian National Bank by Banks.

Source: Other MFIs.

2.5. CLAIMS ON LOANS BY SECTOR1


Total 53 612 746 52 417 566 52 819 578 52 474 059 51 845 152 52 517 145

Resident sector 50 935 704 50 985 297 51 201 479 50 659 070 49 964 349 50 754 139Monetaryfinancialinstitutions 193 839 115 069 149 309 165 042 149 043 144 505General government sector 571 385 629 988 665 995 710 470 675 750 669 821Other residents 50 170 480 50 240 240 50 386 175 49 783 558 49 139 556 49 939 813

Non-financialcorporations 30 841 543 30 778 298 30 858 854 30 473 749 29 996 303 30 314 977Financial corporations 1 109 653 1 156 633 1 189 291 1 169 364 1 193 983 1 450 768Households and NPISHs 18 219 284 18 305 309 18 338 030 18 140 445 17 949 270 18 174 068

Non-resident sector 2 677 042 1 432 269 1 618 099 1 814 989 1 880 803 1 763 006European Union 1 821 449 587 170 660 029 673 203 718 156 677 749Other countries 855 593 845 099 958 070 1 141 786 1 162 647 1 085 257

Preliminary data.1 Monetary statistics methodological notes are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Monetary Statistics.

Source: Other MFIs.

21

2.6. CLAIMS ON LOANS BY CURRENCY1


Total 53 612 746 52 417 566 52 819 578 52 474 059 51 845 152 52 517 145


in EUR 29 058 063 26 933 663 26 369 616 25 579 912 24 953 613 24 735 003in USD 1 073 370 975 576 1 092 433 1 065 450 1 070 283 1 063 219in CHF 199 269 183 759 171 268 175 208 176 759 175 101in other currencies 77 838 74 832 79 928 83 823 86 014 78 027


Source: Other MFIs.

2.7. CLAIMS ON LOANS BY ORIGINAL TERM TO MATURITY1


Total 53 612 746 52 417 566 52 819 578 52 474 059 51 845 152 52 517 145

Up to one year 12 747 430 12 835 866 12 984 482 12 817 602 12 364 323 12 298 936Overoneanduptofiveyears 8 396 769 8 315 165 8 510 465 8 426 989 8 326 222 8 810 365Overfiveyears 32 468 547 31 266 535 31 324 631 31 229 468 31 154 607 31 407 844


Source: Other MFIs.

2.8. CLAIMS ON LOANS TO HOUSEHOLDS SECTOR BY TYPE1


Total 18 208 436 18 292 594 18 324 624 18 123 361 17 922 628 18 101 030

Overdraft 1 504 392 1 539 733 1 535 422 1 497 254 1 450 711 1 450 112Consumer loans 7 322 843 7 344 422 7 368 511 7 268 441 7 150 770 7 250 139Loans for house purchases 8 685 561 8 695 409 8 687 812 8 647 391 8 642 138 8 713 297Other loans 695 640 713 030 732 879 710 275 679 009 687 482


Source: Other MFIs.

22

2.9. DEPOSITS1 OF NON-FINANCIAL CORPORATIONS, HOUSEHOLDS AND NPISHs BY AMOUNT CATEGORY2

III.2015 VI.2015 IX.2015 XII.2015 III.2016 VI.2016

Totalnumber 11 403 362 11 358 347 11 358 154 11 371 756 11 152 692 11 021 530(BGN'000) 56 131 047 56 432 092 57 896 058 60 811 577 60 251 110 61 228 062

Non-financialcorporationsnumber 544 836 551 984 555 216 564 638 570 568 577 375(BGN'000) 15 722 244 15 850 752 16 817 735 18 225 906 17 431 575 17 901 206

up to 1000 levanumber 357 296 359 055 356 269 360 386 368 332 369 524(BGN'000) 57 146 58 525 57 885 59 600 61 063 59 268

over 1000 and up to 2500 levanumber 45 155 46 159 46 092 47 341 47 630 48 982(BGN'000) 74 659 76 349 76 276 78 307 78 926 80 902


over 5 thousand and up to 10 thousand leva

number 28 441 29 847 30 374 30 972 30 628 31 639(BGN'000) 203 366 213 429 217 319 221 490 219 162 226 265


number 23 596 24 402 25 739 26 357 25 750 26 679(BGN'000) 336 184 348 359 367 047 376 188 368 331 379 886


number 11 650 12 000 12 675 12 855 12 812 13 058(BGN'000) 286 209 294 363 311 669 315 052 314 282 320 876


number 7 069 7 294 7 883 8 024 7 817 8 165(BGN'000) 245 877 252 977 273 094 277 816 270 999 282 959


number 5 133 5 276 5 606 5 867 5 577 5 866(BGN'000) 230 572 236 745 251 053 262 951 249 914 262 902


number 13 160 13 440 14 155 14 702 14 359 14 676(BGN'000) 939 173 955 588 1 004 883 1 044 656 1 018 684 1 039 918


number 9 846 10 066 10 653 10 955 10 736 10 896(BGN'000) 1 433 306 1 461 584 1 541 795 1 585 909 1 556 582 1 581 026


number 6 154 6 156 6 659 7 133 6 920 7 093(BGN'000) 1 877 645 1 882 257 2 035 605 2 170 665 2 112 390 2 168 957

over 500 thousand and up to 1 million leva

number 2 268 2 299 2 428 2 596 2 466 2 546(BGN'000) 1 604 825 1 631 747 1 720 713 1 820 824 1 746 882 1 805 117

over 1 million levanumber 2 173 2 136 2 310 2 568 2 498 2 551(BGN'000) 8 312 559 8 314 522 8 834 219 9 884 589 9 305 817 9 562 411

Households and NPISHsnumber 10 858 526 10 806 363 10 802 938 10 807 118 10 582 124 10 444 155(BGN'000) 40 408 803 40 581 340 41 078 323 42 585 671 42 819 535 43 326 856

up to 1000 levanumber 7 503 747 7 471 747 7 470 516 7 372 952 7 150 201 7 006 262(BGN'000) 1 001 797 1 007 485 1 015 148 1 030 860 984 094 982 334

over 1000 and up to 2500 levanumber 1 079 473 1 060 495 1 046 937 1 074 788 1 058 526 1 051 910(BGN'000) 1 786 384 1 753 818 1 731 755 1 774 708 1 751 972 1 741 681

over 2500 and up to 5000 levanumber 739 498 732 085 727 179 745 298 745 032 743 565(BGN'000) 2 687 281 2 660 067 2 642 393 2 698 836 2 701 264 2 695 702


number 662 996 663 214 665 253 685 643 689 731 692 890(BGN'000) 4 720 506 4 721 937 4 736 744 4 857 718 4 886 763 4 912 562


number 450 062 451 929 458 331 475 854 480 748 484 738(BGN'000) 6 278 526 6 305 307 6 392 628 6 615 751 6 681 078 6 738 884


number 162 978 164 383 166 871 173 975 176 132 178 634(BGN'000) 3 954 417 3 988 412 4 047 141 4 199 222 4 249 807 4 310 060


number 79 735 80 477 82 142 85 830 86 997 88 372(BGN'000) 2 766 151 2 791 874 2 848 038 2 957 763 2 996 909 3 043 936


number 47 726 48 538 49 457 50 840 51 370 52 246(BGN'000) 2 138 810 2 173 276 2 214 700 2 262 920 2 285 979 2 324 108


number 88 836 89 615 91 495 94 949 96 085 97 238(BGN'000) 6 145 243 6 197 907 6 317 276 6 512 304 6 590 578 6 668 459


number 35 925 36 493 37 196 38 771 39 167 39 848(BGN'000) 5 058 821 5 141 562 5 235 325 5 435 901 5 496 417 5 588 742


number 5 877 5 735 5 872 6 392 6 349 6 628(BGN'000) 1 639 261 1 597 813 1 623 601 1 763 035 1 755 668 1 827 178


number 1 066 1 065 1 078 1 146 1 107 1 108(BGN'000) 743 287 748 233 757 670 796 610 774 777 767 544

over 1 million levanumber 607 587 611 680 679 716(BGN'000) 1 488 319 1 493 649 1 515 904 1 680 043 1 664 229 1 725 666

Preliminary data.1 Banks’ liabilities on deposits, loans and repos are included.2 The methodological notes to the data are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Deposits and Loans by Amount Category

and Economic Activity.

Source: The banks.

23

2.10. DEPOSITS1 OF NON-FINANCIAL CORPORATIONS, HOUSEHOLDS AND NPISHs BY ECONOMIC ACTIVITY2


Total number 11 403 362 11 358 347 11 358 154 11 371 756 11 152 692 11 021 530(BGN'000) 56 131 047 56 432 092 57 896 058 60 811 577 60 251 110 61 228 062


Agriculture,forestryandfishingnumber 19 399 20 209 19 890 20 182 20 253 20 755(BGN'000) 755 039 668 431 758 970 667 217 702 868 789 685

Mining and quarryingnumber 1 707 1 763 1 774 1 776 1 762 1 782(BGN'000) 667 178 642 853 552 853 567 382 471 440 533 152

Manufacturingnumber 50 862 51 130 51 192 51 898 51 997 52 525(BGN'000) 2 305 292 2 327 975 2 403 557 2 569 158 2 597 463 2 593 633

Electricity, gas, steam and air conditioning supply

number 4 222 4 217 4 194 4 322 4 280 4 255(BGN'000) 1 107 029 1 076 693 1 165 791 1 172 801 1 305 778 1 307 537

Water supply, sewerage, waste management and remediation activities

number 1 730 1 765 1 793 1 931 1 964 1 942(BGN'000) 83 334 82 920 102 804 118 696 104 171 95 470

Constructionnumber 41 138 41 522 41 658 42 479 42 375 42 934(BGN'000) 1 613 158 1 590 046 1 605 287 2 414 120 1 925 442 1 835 453

Wholesale and retail trade; repair of motor vehicles and motorcycles

number 225 490 228 141 230 153 233 433 235 408 237 261(BGN'000) 4 309 721 4 428 841 4 920 969 5 181 988 4 977 425 4 993 096

Transportation and storagenumber 29 974 30 495 31 010 31 911 32 948 34 064(BGN'000) 681 314 760 908 827 211 814 097 786 128 877 313

Accommodation and food service activitiesnumber 30 023 30 739 31 020 31 511 32 024 32 687(BGN'000) 548 912 551 022 606 822 620 035 648 369 714 869

Information and communicationnumber 14 093 14 379 15 215 16 096 16 538 17 221(BGN'000) 621 225 658 868 783 817 848 710 741 260 809 848

Real estate activitiesnumber 14 435 14 535 14 494 14 650 14 766 14 957(BGN'000) 499 031 511 272 516 244 541 006 563 355 663 996

Professional,scientificandtechnicalactivitiesnumber 45 692 46 345 43 027 42 898 43 579 44 753(BGN'000) 1 153 702 1 146 690 1 127 486 1 243 873 1 134 064 1 246 804

Administrative and support service activitiesnumber 14 098 14 433 18 101 19 757 19 115 18 984(BGN'000) 303 912 320 289 413 875 484 772 463 215 453 547

Educationnumber 3 180 3 176 3 180 3 241 3 246 3 270(BGN'000) 192 117 180 492 191 406 180 219 187 198 181 448

Human health and social work activitiesnumber 14 341 14 424 14 015 14 067 14 200 14 396(BGN'000) 425 753 450 306 378 600 368 655 379 105 394 557

Arts, entertainment and recreationnumber 12 220 12 195 11 989 12 140 12 657 12 678(BGN'000) 216 744 201 150 204 330 156 194 177 818 152 027

Other service activitiesnumber 22 232 22 516 22 511 22 346 23 456 22 911(BGN'000) 238 783 251 996 257 713 276 983 266 476 258 771


Preliminary data.1Banks'liabilitiesondeposits,loansandreposareincluded.2 The methodological notes to the data are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Deposits and Loans by Amount Category and

Economic Activity.The economic activity breakdown follows the Classification of Economic Activities (CEA – 2008) of the National Statistical Institute. CEA-2008 ensures the direct implementation of the Statisti-cal Classification of Economic Activities in the European Community (NACE Rev.2).

Source: The banks.

24

2.11. LOANS1 TO NON-FINANCIAL CORPORATIONS, HOUSEHOLDS AND NPISHs BY AMOUNT CATEGORY2


Totalnumber 2 817 832 2 816 368 2 828 327 2 750 103 2 721 065 2 738 312(BGN'000) 49 192 149 49 245 465 49 360 828 48 756 430 48 132 471 48 677 301


up to 1000 levanumber 39 634 40 780 42 097 39 331 41 131 43 178(BGN'000) 6 911 7 099 7 483 6 922 6 983 7 231




number 8 913 8 786 8 895 8 574 8 667 8 569(BGN'000) 69 953 69 168 69 777 66 716 67 740 66 906


number 16 478 16 467 16 400 16 118 16 362 16 267(BGN'000) 288 129 287 279 285 658 280 184 284 114 281 836


number 15 955 16 095 15 999 15 736 16 033 16 050(BGN'000) 597 500 603 581 598 587 587 644 598 567 599 896


number 12 717 12 956 12 964 12 878 13 148 13 028(BGN'000) 948 080 968 442 963 160 955 543 975 090 964 689


number 11 684 11 887 12 009 11 997 11 793 11 967(BGN'000) 1 923 770 1 956 404 1 965 410 1 966 409 1 932 336 1 956 039


number 5 511 5 600 5 682 5 629 5 608 5 672(BGN'000) 1 996 735 2 020 257 2 048 360 2 020 584 2 009 204 2 038 826


number 3 305 3 386 3 384 3 400 3 360 3 366(BGN'000) 2 408 174 2 468 245 2 467 324 2 471 122 2 440 000 2 442 978

over 1 million levanumber 4 876 4 824 4 857 4 666 4 652 4 694(BGN'000) 22 683 302 22 512 721 22 570 546 22 215 922 21 823 459 22 099 471


up to 1000 levanumber 1 296 564 1 295 744 1 306 948 1 265 408 1 270 469 1 287 209(BGN'000) 445 980 443 104 443 991 442 540 427 777 430 376


over 2500 and up to 5000 levanumber 300 079 299 646 298 858 288 535 277 627 275 396(BGN'000) 1 099 037 1 098 941 1 098 432 1 061 126 1 021 375 1 015 462


number 271 281 270 021 268 478 259 647 251 280 249 795(BGN'000) 1 986 370 1 979 056 1 974 103 1 911 330 1 854 002 1 848 010


number 198 972 198 171 196 829 192 359 187 864 188 388(BGN'000) 3 142 224 3 131 574 3 122 515 3 055 808 2 996 821 3 016 004


number 97 680 99 054 99 576 99 831 100 473 102 500(BGN'000) 3 459 899 3 514 439 3 541 571 3 549 289 3 574 506 3 655 790


number 49 503 49 932 50 036 50 159 50 306 50 986(BGN'000) 3 455 359 3 483 270 3 494 203 3 499 692 3 511 201 3 562 739


number 19 100 19 240 19 219 19 166 19 067 19 394(BGN'000) 2 768 020 2 784 775 2 782 392 2 769 427 2 749 496 2 794 285


number 2 269 2 274 2 254 2 252 2 226 2 289(BGN'000) 749 639 748 242 744 019 748 496 738 081 762 790


number 404 414 395 385 394 398(BGN'000) 272 422 279 392 261 455 254 681 266 883 271 198

over 1 million levanumber 84 84 104 87 77 82(BGN'000) 139 322 140 113 168 199 157 602 142 111 151 576

Preliminary data.1Banks'claimsonloansandreposareincluded.2 The methodological notes to the data are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Deposits and Loans by Amount

Category and Economic Activity.

Source: The banks.

25

2.12. LOANS1 TO NON-FINANCIAL CORPORATIONS, HOUSEHOLDS AND NPISHs BY ECONOMIC ACTIVITY2


Totalnumber 2 817 832 2 816 368 2 828 327 2 750 103 2 721 065 2 738 312(BGN'000) 49 192 149 49 245 465 49 360 828 48 756 430 48 132 471 48 677 301


Agriculture,forestryandfishingnumber 8 752 9 053 9 520 9 783 10 026 9 674(BGN'000) 1 394 122 1 506 414 1 654 926 1 747 782 1 678 795 1 693 036

Mining and quarryingnumber 298 296 311 302 311 299(BGN'000) 282 224 275 359 293 704 275 633 246 644 250 938

Manufacturingnumber 18 723 18 869 18 921 18 425 18 703 18 945(BGN'000) 7 118 718 6 721 146 6 822 717 6 674 356 6 669 736 6 641 079

Electricity, gas, steam and air conditioning supplynumber 697 683 681 702 694 692(BGN'000) 1 311 071 1 240 305 1 208 332 1 254 484 1 207 840 1 345 024

Water supply, sewerage, waste management and remediation activities

number 367 377 398 400 399 398(BGN'000) 146 928 154 563 148 372 194 115 201 844 203 980

Constructionnumber 10 717 10 878 11 151 10 351 10 594 10 790(BGN'000) 3 320 779 3 293 993 3 213 490 2 983 691 3 125 453 3 253 442

Wholesale and retail trade; repair of motor vehicles and motorcycles

number 58 890 59 345 59 386 57 036 58 135 58 948(BGN'000) 9 056 838 9 316 689 9 309 726 9 335 432 9 100 291 8 990 067

Transportation and storagenumber 10 305 10 629 10 922 10 674 11 102 11 488(BGN'000) 1 260 254 1 252 298 1 272 266 1 227 700 1 142 252 1 147 158

Accommodation and food service activitiesnumber 7 480 7 573 7 586 6 952 7 168 7 468(BGN'000) 1 537 653 1 560 661 1 528 207 1 513 727 1 565 380 1 587 517

Information and communicationnumber 1 916 2 018 2 157 2 151 2 282 2 405(BGN'000) 252 804 264 125 301 999 306 095 333 975 375 419

Real estate activitiesnumber 1 914 1 911 1 940 1 999 1 984 1 996(BGN'000) 2 946 218 2 955 268 2 905 727 2 940 289 2 726 825 2 806 668

Professional,scientificandtechnicalactivitiesnumber 6 650 6 759 6 433 6 293 6 419 6 603(BGN'000) 1 127 855 1 160 017 1 076 551 898 802 906 520 911 732

Administrative and support service activitiesnumber 2 156 2 222 2 581 2 672 2 692 2 764(BGN'000) 462 166 506 688 568 843 629 449 674 061 683 865

Educationnumber 320 329 340 313 319 336(BGN'000) 44 535 43 006 51 575 48 993 45 535 49 744

Human health and social work activitiesnumber 2 255 2 301 2 327 2 249 2 233 2 287(BGN'000) 208 794 207 234 195 078 226 605 197 714 197 104

Arts, entertainment and recreationnumber 827 846 832 795 796 805(BGN'000) 268 549 265 141 250 753 186 003 183 675 187 102

Other service activitiesnumber 2 721 2 734 2 754 2 676 2 694 2 687(BGN'000) 228 302 215 880 219 105 171 420 175 228 178 000


Preliminary data.1Banks'claimsonloansandreposareincluded.2 The methodological notes to the data are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Deposits and Loans by Amount

Category and Economic Activity.The economic activity breakdown follows the Classification of Economic Activities (CEA – 2008) of the National Statistical Institute. CEA-2008 ensures the direct implementation of the Statistical Classification of Economic Activities in the European Community (NACE Rev.2).

Source: The banks.

26

2.13

. IN

TE

RB

AN

K M

AR

KE

T IN

DIC

ES1,

2

BIR

LEO

NIA

SOFI

BID

SOFI

BO

R

over

nigh

tsp

ot

wee

k1

mon

th2

mon

ths

3 m

onth

s6

mon

ths

12

mon

ths

over

nigh

tsp

ot

wee

k1

mon

th2

mon

ths

3 m

onth

s6

mon

ths

12

mon

ths

2016

I0.

01-0

.10

-0.1

9-0

.18

-0.1

4-0

.09

-0.0

50.

080.

440.

000.

030.

150.

180.

280.

621.

18

II0.

00-0

.08

-0.2

9-0

.28

-0.2

1-0

.16

-0.1

00.

000.

26-0

.04

-0.0

10.

080.

120.

190.

480.

96

III

0.00

0.00

-0.3

3-0

.33

-0.2

7-0

.21

-0.1

5-0

.04

0.20

-0.0

4-0

.03

0.04

0.08

0.15

0.39

0.85

IV0.

00-0

.21

-0.3

6-0

.38

-0.3

2-0

.27

-0.2

2-0

.11

0.12

-0.0

5-0

.08

0.00

0.06

0.13

0.32

0.75

V0.

00-0

.39

-0.3

8-0

.38

-0.3

2-0

.27

-0.2

1-0

.12

0.12

-0.0

5-0

.07

0.01

0.07

0.14

0.33

0.77

VI

0.00

-0.3

8-0

.38

-0.3

7-0

.31

-0.2

7-0

.21

-0.1

20.

12-0

.05

-0.0

50.

010.

060.

130.

340.

78

1 The

met

hodo

logi

cal n

otes

to th

e da

ta a

re a

vaila

ble

on th

e w

ebsi

te o

f the

Bul

garia

n N

atio

nal B

ank

unde

r sec

tion

Stat

istic

s / M

etho

dolo

gica

l not

es /

Inte

rest

Rat

e St

atis

tics.

2 Mon

thly

val

ues a

re c

alcu

late

d as

a si

mpl

e av

erag

e of

dai

ly v

alue

s.

Sour

ce: B

NB

.

27

2.14. YIELD ON GOVERNMENT SECURITIES AND LONG-TERM INTEREST RATE FOR CONVERGENCE ASSESMENT PURPOSES1

Yield on BGN-denominated interest-bearing government securities on the primary market2

Yield on BGN-denominated interest-bearing government securities on the secondary market2 Long-term

interest rate7

2 years3 3 years4 5 years 7 years5 10 years6 2 years3 3 years4 5 years 7 years5 10 years6

annual effective yield

2016 I - - - - 2.58 0.02 0.26 0.67 0.05 0.90 2.44

II - 0.36 - - - - 0.27 1.26 0.01 1.13 2.67

III - - - - - - - 0.65 0.01 1.38 2.66

IV - - - - - - 0.27 0.99 - 2.03 2.44

V - - - - 2.41 - - - - 1.96 2.37

VI - - - - - - 0.23 0.55 0.06 1.65 2.40

1 The methodological notes to the data are available on the website of the Bulgarian National Bank under section Statistics / Methodological notes / Interest Rate Statistics.2 The average weighted effective yield to maturity of BGN-denominated interest-bearing government securities. The securities are grouped by their original maturity.3 Government securities with maturity of two years also include issues with maturity of two years and six months.4 Government securities with maturity of three years also include issues with maturity of three years and six months.5 Government securities with maturity of seven years also include issues with maturity of seven years and three months.6 Government securities with maturity of ten years also include issues with maturity of ten years and six months.7 LTIR – long-term interest rate for convergence assessment purposes. It is determined on the basis of the secondary market yield to maturity of a long-term bond (benchmark) issued

by the Ministry of Finance (Central government sector) and denominated in national currency. Monthly values are calculated as a simple average of daily values.

Source: BNB.

28

2.15

. IN

TE

RE

ST R

ATE

S1 AN

D V

OL

UM

ES

OF

NE

W B

USI

NE

SS O

N L

OA

NS

TO N

ON

-FIN

AN

CIA

L C

OR

POR

ATIO

NS

SEC

TOR

BY

PE

RIO

D O

F IN

ITIA

L R

ATE

FIX

ATIO

N2

Loan

s oth

er th

an o

verd

raft

in B

GN

in E

UR

up to

1 m

illio

n EU

Rov

er 1

mill

ion

EUR

up to

1 m

illio

n EU

Rov

er 1

mill

ion

EUR

up to

1

year

over

1 a

nd

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1 a

nd

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1 a

nd

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1 a

nd

up to

5

year

s

over

5

year

s

annu

al e

ffec

tive

inte

rest

rat

e

2016

I5.

914.

744.

736.

08-

6.21

6.21

--

6.97

4.98

4.97

6.69

-7.

247.

24-

-

II4.

414.

924.

905.

947.

243.

743.

74-

-5.

625.

005.

006.

59-

5.77

5.75

-6.

80

III

4.60

4.67

4.69

3.97

-4.

544.

54-

-5.

964.

854.

845.

127.

236.

176.

17-

-

IV5.

354.

914.

953.

909.

265.

515.

515.

64-

6.31

4.50

4.50

5.10

-6.

626.

62-

-

V4.

224.

985.

004.

217.

163.

603.

60-

-4.

895.

065.

057.

23-

4.86

4.86

--

VI

4.33

4.70

4.72

3.86

14.1

04.

184.

18-

-5.

094.

724.

598.

15-

5.16

5.18

3.53

-

volu

mes

in m

illio

n B

GN

2016

I52

6.1

105.

510

5.0

0.5

-42

0.6

420.

6-

-53

4.3

64.5

64.3

0.2

-46

9.8

469.

8-

-

II24

4.7

139.

413

8.0

0.4

0.9

105.

310

5.3

--

452.

888

.087

.90.

1-

364.

835

7.0

-7.

8

III

394.

918

5.4

179.

95.

5-

209.

520

9.5

--

547.

388

.187

.90.

00.

245

9.2

459.

2-

-

IV68

7.6

180.

817

3.4

7.2

0.2

506.

849

9.8

7.0

-62

6.3

92.5

91.6

0.9

-53

3.8

533.

8-

-

V43

1.0

193.

118

8.2

4.8

0.1

237.

923

7.9

--

440.

077

.076

.50.

5-

363.

036

3.0

--

VI

919.

126

3.9

258.

05.

80.

165

5.2

655.

2-

-67

4.9

100.

897

.03.

8-

574.

156

5.8

8.4

-

Prel

imin

ary

data

.1 Th

e in

tere

st ra

tes a

re e

ffect

ive

annu

al ra

tes.

They

are

ave

rage

wei

ghte

d w

ith th

e vo

lum

es o

f new

bus

ines

s thr

ough

out t

he re

porti

ng p

erio

d.

2 Th

e m

etho

dolo

gica

l not

es to

the

data

are

ava

ilabl

e on

the

web

site

of t

he B

ulga

rian

Nat

iona

l Ban

k un

der s

ectio

n St

atis

tics /

Met

hodo

logi

cal n

otes

/ In

tere

st R

ate

Stat

istic

s.

Sour

ce: B

NB

.

29

2.16

. IN

TE

RE

ST R

ATE

S1 AN

D V

OL

UM

ES

OF

OU

TST

AN

DIN

G A

MO

UN

TS

ON

LO

AN

S TO

NO

N-F

INA

NC

IAL

CO

RPO

RAT

ION

S SE

CTO

R2

Ove

rdra

ft3Lo

ans o

ther

than

ove

rdra

ft

in B

GN

in E

UR

in B

GN

in E

UR

up to

1 y

ear

over

1 a

nd

up to

5 y

ears

over

5 y

ears

up to

1 y

ear

over

1 a

nd

up to

5 y

ears

over

5 y

ears

annu

al e

ffec

tive

inte

rest

rat

e

2016

I4.

944.

165.

545.

015.

375.

745.

224.

214.

695.

42

II4.

824.

145.

464.

995.

265.

665.

184.

124.

635.

39

III

4.73

4.13

5.35

4.61

5.20

5.56

5.14

3.75

4.64

5.35

IV4.

554.

025.

214.

765.

035.

395.

114.

294.

755.

27

V4.

533.

945.

144.

605.

025.

295.

074.

234.

685.

23

VI

4.48

3.80

5.01

4.17

4.89

5.22

5.00

3.69

4.67

5.17

volu

mes

in m

illio

n B

GN

2016

I4

439.

53

330.

25

756.

453

2.7

2 09

9.6

3 12

4.1

9 13

9.4

269.

32

115.

56

754.

6

II4

488.

93

301.

85

762.

951

6.4

2 08

7.0

3 15

9.5

9 14

5.3

279.

42

115.

56

750.

4

III

4 55

7.8

3 23

4.6

5 80

4.0

506.

32

040.

03

257.

79

216.

830

4.6

2 10

3.0

6 80

9.2

IV4

521.

43

165.

45

912.

945

6.1

2 10

6.9

3 34

9.9

9 30

6.6

350.

92

171.

46

784.

2

V4

521.

63

143.

95

966.

345

4.9

2 08

1.0

3 43

0.3

9 22

8.0

340.

62

169.

96

717.

5

VI

4 52

3.0

3 10

6.3

6 38

8.8

573.

02

132.

13

683.

79

310.

535

5.1

2 22

0.9

6 73

4.5

Prel

imin

ary

data

.1 T

he in

tere

st ra

tes a

re e

ffect

ive

annu

al ra

tes.

They

are

ave

rage

wei

ghte

d w

ith th

e ou

tsta

ndin

g am

ount

s as o

f the

end

of t

he re

porti

ng p

erio

d.2 T

he m

etho

dolo

gica

l not

es to

the

data

are

ava

ilabl

e on

the

web

site

of t

he B

ulga

rian

Nat

iona

l Ban

k un

der s

ectio

n St

atis

tics /

Met

hodo

logi

cal n

otes

/ In

tere

st R

ate

Stat

istic

s.3 F

or o

verd

rafts

, int

eres

t rat

es a

nd v

olum

es o

n ne

w b

usin

ess a

nd o

n ou

tsta

ndin

g am

ount

s coi

ncid

e.

Sour

ce: B

NB

.

30

2.17

. IN

TE

RE

ST R

ATE

S1 AN

D V

OL

UM

ES

OF

NE

W B

USI

NE

SS O

N L

OA

NS

TO H

OU

SEH

OLD

S SE

CTO

R2 B

Y P

ER

IOD

OF

INIT

IAL

RAT

E F

IXAT

ION

3

Con

sum

er lo

ans

Loan

s for

hou

se p

urch

ases

Oth

er lo

ans

in B

GN

in E

UR

in B

GN

in E

UR

in B

GN

in E

UR

up to

1

year

over

1

and

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1

and

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1

and

up to

5

year

s

over

5

and

up to

10

year

s

over

10

ye

ars

up to

1

year

over

1

and

up to

5

year

s

over

5

and

up to

10

year

s

over

10

ye

ars

up to

1

year

over

1

and

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1

and

up to

5

year

s

over

5

year

s

annu

al e

ffec

tive

inte

rest

rat

e

2016

I10

.72

11.0

08.

188.

317.

297.

386.

437.

155.

295.

295.

295.

235.

345.

905.

966.

165.

854.

525.

595.

598.

03-

4.73

4.70

5.33

7.87

II10

.32

10.6

17.

668.

206.

756.

687.

267.

135.

365.

375.

515.

175.

265.

895.

985.

135.

295.

286.

156.

147.

818.

034.

164.

16-

-

III

9.88

10.1

67.

218.

086.

436.

386.

926.

615.

155.

154.

785.

225.

265.

975.

977.

205.

135.

085.

365.

364.

986.

844.

464.

464.

59-

IV9.

9310

.23

7.33

7.85

7.20

7.47

5.77

5.54

5.11

5.09

5.25

5.29

5.98

5.71

5.68

7.19

5.37

5.00

4.64

4.63

4.18

7.00

4.53

4.53

--

V10

.00

10.2

48.

007.

937.

357.

466.

826.

675.

035.

034.

814.

664.

885.

615.

655.

605.

304.

663.

863.

854.

246.

904.

234.

23-

-

VI

9.51

9.72

7.76

7.83

6.69

6.92

4.59

6.88

4.97

4.97

4.79

4.48

4.60

5.75

5.79

6.35

4.06

4.78

3.74

3.72

5.11

6.69

4.98

4.95

-8.

03

volu

mes

in m

illio

n B

GN

2016

I16

7.5

150.

44.

612

.57.

26.

20.

60.

511

7.3

115.

20.

40.

21.

429

.627

.10.

90.

31.

211

.611

.60.

0-

3.9

3.8

0.1

0.0

II24

4.3

216.

68.

419

.311

.09.

50.

70.

811

3.1

109.

61.

20.

32.

031

.627

.61.

70.

71.

612

.712

.60.

10.

08.

08.

0-

-

III

307.

727

0.0

12.1

25.7

12.3

10.4

0.6

1.3

136.

913

3.7

0.7

0.3

2.2

28.0

25.8

0.9

0.3

1.0

27.3

26.6

0.6

0.1

3.6

3.6

0.0

-

IV28

8.6

253.

911

.023

.711

.09.

40.

41.

214

4.8

140.

61.

20.

82.

230

.827

.91.

30.

41.

134

.533

.60.

80.

24.

94.

9-

-

V25

7.5

230.

47.

519

.77.

56.

40.

40.

714

5.0

141.

50.

50.

62.

423

.622

.10.

30.

40.

843

.442

.80.

50.

22.

72.

7-

-

VI

326.

729

1.1

10.1

25.5

6.8

4.8

0.7

1.4

186.

518

2.9

0.7

0.5

2.5

24.9

22.5

1.0

0.2

1.2

72.6

71.6

0.9

0.1

2.1

2.1

-0.

0 Pr

elim

inar

y da

ta.

1 The

inte

rest

rate

s are

effe

ctiv

e an

nual

rate

s. Th

ey a

re a

vera

ge w

eigh

ted

with

the

volu

mes

of n

ew b

usin

ess t

hrou

ghou

t the

repo

rting

per

iod.

2 T

he H

ouse

hold

s sec

tor a

lso

incl

udes

the

NPI

SHs s

ecto

r. D

ata

on C

onsu

mer

loan

s and

loan

s for

hou

se p

urch

ases

refe

r to

the

Hou

seho

lds s

ecto

r onl

y.3 T

he m

etho

dolo

gica

l not

es to

the

data

are

ava

ilabl

e on

the

web

site

of t

he B

ulga

rian

Nat

iona

l Ban

k un

der s

ectio

n St

atis

tics /

Met

hodo

logi

cal n

otes

/ In

tere

st R

ate

Stat

istic

s.

Sour

ce: B

NB

.

31

2.18

. AN

NU

AL

PER

CE

NTA

GE

RAT

E O

F C

HA

RG

E1 O

F N

EW

BU

SIN

ESS

ON

LO

AN

S TO

HO

USE

HO

LDS

SEC

TOR

2

Con

sum

er lo

ans

Loan

s for

hou

se p

urch

ases

in B

GN

in E

UR

in B

GN

in E

UR

up to

1

year

over

1 a

nd

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1 a

nd

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1 a

nd

up to

5

year

s

over

5 a

nd

up to

10

year

s

over

10

year

sup

to 1

ye

ar

over

1 a

nd

up to

5

year

s

over

5 a

nd

up to

10

year

s

over

10

year

s

annu

al e

ffec

tive

inte

rest

rat

e

2016

I11

.78

30.3

614

.95

9.12

8.12

7.37

9.35

7.97

5.85

7.86

6.38

6.23

5.80

6.46

-6.

456.

856.

40

II11

.33

27.8

214

.19

8.99

7.57

13.6

28.

257.

425.

89-

6.12

6.40

5.82

6.35

-7.

066.

826.

29

III

10.8

728

.54

13.6

48.

677.

224.

218.

717.

055.

654.

556.

185.

895.

616.

514.

596.

436.

996.

46

IV10

.88

29.3

813

.44

8.57

7.84

6.71

8.55

7.73

5.57

-6.

185.

785.

546.

17-

6.47

6.81

6.10

V10

.96

26.5

713

.75

8.57

8.24

7.81

7.92

8.35

5.47

-6.

425.

745.

426.

12-

7.26

6.47

6.04

VI

10.4

224

.56

13.4

08.

217.

424.

847.

027.

765.

4011

.63

6.19

5.79

5.34

6.18

-4.

926.

576.

19

Prel

imin

ary

data

.1 A

PRC

com

pris

es a

ll th

e in

tere

st p

aym

ents

on

a lo

an, a

s wel

l as a

ll fe

es, c

omm

issi

ons a

nd o

ther

cha

rges

a c

lient

mus

t pay

in o

rder

to o

btai

n th

e lo

an. I

t is c

alcu

late

d fo

r new

bus

ines

s on

cons

umer

loan

s and

loan

s for

hou

se p

urch

ases

by

orig

inal

mat

urity

onl

y.

2 The

met

hodo

logi

cal n

otes

to th

e da

ta a

re a

vaila

ble

on th

e w

ebsi

te o

f the

Bul

garia

n N

atio

nal B

ank

unde

r sec

tion

Stat

istic

s / M

etho

dolo

gica

l not

es /

Inte

rest

Rat

e St

atis

tics.

Sour

ce: B

NB

.

32

2.19

. IN

TE

RE

ST R

ATE

S1 AN

D V

OL

UM

ES

OF

OU

TST

AN

DIN

G A

MO

UN

TS

ON

LO

AN

S TO

HO

USE

HO

LDS

SEC

TOR

2, 3

Ove

rdra

ft4Lo

ans o

ther

than

ove

rdra

ft

in B

GN

in E

UR

Con

sum

er lo

ans

in B

GN

in E

UR

up to

1 y

ear

over

1 a

nd

up to

5 y

ears

over

5 y

ears

up to

1 y

ear

over

1 a

nd

up to

5 y

ears

over

5 y

ears

annu

al e

ffec

tive

inte

rest

rat

e20

16I

14.2

18.

7810

.00

24.5

211

.95

9.33

8.81

7.42

8.03

8.89

II14

.22

8.93

9.94

25.0

211

.92

9.26

8.77

7.33

7.96

8.85

III

14.1

38.

919.

8225

.44

11.7

49.

148.

737.

537.

938.

80

IV14

.21

8.89

9.76

26.0

411

.66

9.07

8.69

7.49

7.85

8.76

V14

.11

8.98

9.71

25.9

411

.62

9.01

8.67

7.96

7.77

8.75

VI

14.0

38.

939.

6425

.27

11.5

68.

938.

657.

277.

668.

74

volu

mes

in m

illio

n B

GN

2016

I1

220.

415

3.6

5 20

1.7

42.5

1 08

7.4

4 07

1.8

932.

01.

376

.985

3.8

II1

216.

714

9.3

5 22

3.8

42.2

1 09

4.9

4 08

6.7

910.

11.

275

.083

4.0

III

1 22

7.1

146.

75

294.

342

.71

120.

34

131.

288

8.1

1.0

71.4

815.

7

IV1

200.

514

4.8

5 35

5.8

44.4

1 14

2.3

4 16

9.1

867.

71.

070

.479

6.3

V1

223.

414

3.9

5 39

2.4

45.8

1 15

4.9

4 19

1.8

847.

21.

268

.877

7.2

VI

1 23

1.5

140.

95

472.

648

.61

180.

04

244.

082

0.3

1.3

67.4

751.

6

(con

tinue

d)

33

2.19

. IN

TE

RE

ST R

ATE

S1 AN

D V

OL

UM

ES

OF

OU

TST

AN

DIN

G A

MO

UN

TS

ON

LO

AN

S TO

HO

USE

HO

LDS

SEC

TOR

2, 3

(con

tinue

d)Lo

ans o

ther

than

ove

rdra

ft

Loan

s for

hou

se p

urch

ases

Oth

er lo

ans

in B

GN

in E

UR

in B

GN

in E

UR

up to

1

year

over

1 a

nd

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1 a

nd

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1 a

nd

up to

5

year

s

over

5

year

sup

to 1

ye

ar

over

1 a

nd

up to

5

year

s

over

5

year

s

annu

al e

ffec

tive

inte

rest

rat

e20

16I

6.34

8.64

6.05

6.35

6.94

-6.

396.

957.

176.

987.

037.

306.

625.

696.

296.

76

II6.

278.

175.

996.

276.

91-

6.41

6.91

7.09

6.98

6.93

7.22

6.47

6.03

6.03

6.67

III

6.19

8.49

5.85

6.19

6.88

4.13

6.40

6.88

6.96

7.03

6.73

7.14

6.42

6.40

5.99

6.62

IV6.

057.

865.

666.

056.

834.

136.

366.

846.

777.

396.

427.

056.

346.

655.

846.

57

V5.

996.

565.

636.

006.

804.

136.

336.

816.

527.

366.

007.

006.

306.

855.

866.

52

VI

5.93

10.2

85.

595.

936.

784.

136.

516.

786.

177.

535.

456.

946.

116.

915.

366.

45

volu

mes

in m

illio

n B

GN

2016

I4

042.

50.

329

.54

012.

82

841.

2-

13.9

2 82

7.3

363.

813

.715

4.9

195.

215

1.7

0.5

44.7

106.

5

II4

087.

20.

229

.94

057.

12

799.

9-

13.7

2 78

6.3

357.

010

.615

1.0

195.

415

4.5

0.4

47.7

106.

4

III

4 15

5.0

0.1

30.1

4 12

4.8

2 74

9.2

0.1

13.7

2 73

5.4

368.

910

.216

1.0

197.

715

2.9

0.4

47.7

104.

8

IV4

225.

60.

130

.84

194.

62

702.

60.

112

.92

689.

637

9.8

7.4

172.

420

0.1

151.

60.

348

.510

2.8

V4

299.

40.

131

.24

268.

22

659.

20.

112

.62

646.

639

8.6

7.0

191.

520

0.1

151.

10.

349

.010

1.9

VI

4 39

3.9

0.0

31.3

4 36

2.6

2 60

9.8

0.1

13.3

2 59

6.4

435.

36.

822

6.4

202.

014

4.5

0.3

44.7

99.6

Prel

imin

ary

data

.1 T

he in

tere

st ra

tes a

re e

ffect

ive

annu

al ra

tes.

They

are

ave

rage

wei

ghte

d w

ith th

e ou

tsta

ndin

g am

ount

s as o

f the

end

of t

he re

porti

ng p

erio

d.2 T

he H

ouse

hold

s sec

tor a

lso

incl

udes

the

NPI

SHs s

ecto

r. D

ata

on c

onsu

mer

loan

s and

loan

s for

hou

se p

urch

ases

refe

r to

the

Hou

seho

lds s

ecto

r onl

y.3 Th

e m

etho

dolo

gica

l not

es to

the

data

are

ava

ilabl

e on

the

web

site

of t

he B

ulga

rian

Nat

iona

l Ban

k un

der s

ectio

n St

atis

tics /

Met

hodo

logi

cal N

otes

/ In

tere

st R

ate

Stat

istic

s.4 F

or o

verd

rafts

, int

eres

t rat

es a

nd v

olum

es o

n ne

w b

usin

ess a

nd o

n ou

tsta

ndin

g am

ount

s coi

ncid

e.

Sour

ce: B

NB

.

34

2.20

. IN

TE

RE

ST R

ATE

S1 AN

D V

OL

UM

ES

OF

NE

W B

USI

NE

SS O

N D

EPO

SIT

S W

ITH

AG

RE

ED

MAT

UR

ITY

OF

NO

N-F

INA

NC

IAL

CO

RPO

RAT

ION

S SE

CTO

R2

Dep

osits

with

agr

eed

mat

urity

in B

GN

in E

UR

over

1 d

ay u

p to

1 y

ear

over

1 u

p to

2 y

ears

over

2

year

s

over

1 d

ay u

p to

1 y

ear

over

1 u

p to

2 y

ears

over

2

year

sov

er 1

day

up

to

1 m

onth

over

1

up to

3

mon

ths

over

3

up to

6

mon

ths

over

6

up to

12

mon

ths

over

1 d

ay

up to

1

mon

th

over

1

up to

3

mon

ths

over

3

up to

6

mon

ths

over

6

up to

12

mon

ths

annu

al e

ffec

tive

inte

rest

rat

e

2016

I0.

260.

580.

480.

490.

720.

910.

110.

170.

580.

580.

420.

590.

591.

420.

740.

22

II0.

530.

530.

460.

410.

490.

971.

270.

080.

870.

710.

580.

540.

241.

101.

381.

34

III

0.48

0.49

0.40

0.46

0.24

0.77

1.60

0.09

0.25

0.35

0.23

0.47

0.52

0.43

1.42

0.01

IV0.

410.

490.

410.

430.

470.

760.

100.

060.

440.

460.

490.

320.

760.

441.

010.

10

V0.

290.

370.

290.

330.

550.

991.

780.

030.

680.

680.

860.

380.

670.

511.

220.

55

VI

0.35

0.39

0.19

0.28

0.32

1.08

0.63

0.03

0.40

0.54

0.42

0.45

0.72

0.59

0.86

0.11

volu

mes

in m

illio

n B

GN

2016

I58

7.4

187.

510

8.3

30.1

16.6

32.5

385.

214

.715

5.0

115.

863

.730

.99.

611

.625

.913

.3

II18

2.2

164.

671

.530

.239

.623

.26.

311

.317

0.3

127.

454

.415

.414

.443

.21.

041

.9

III

223.

020

6.1

60.2

43.2

40.5

62.2

2.8

14.1

222.

815

5.2

76.3

49.5

11.4

18.0

0.5

67.2

IV22

6.4

186.

897

.640

.713

.335

.319

.919

.711

8.9

105.

253

.928

.310

.412

.62.

111

.6

V21

2.4

142.

594

.229

.26.

112

.93.

466

.520

0.1

154.

274

.826

.424

.528

.57.

338

.6

VI

158.

814

0.7

65.2

34.2

16.0

25.3

0.6

17.6

228.

115

0.9

68.2

20.8

56.5

5.5

0.3

76.9

Prel

imin

ary

data

.1 T

he in

tere

st ra

tes a

re e

ffect

ive

annu

al ra

tes.

They

are

ave

rage

wei

ghte

d w

ith th

e vo

lum

es o

f new

bus

ines

s thr

ough

out t

he re

porti

ng p

erio

d.

2 The

met

hodo

logi

cal n

otes

to th

e da

ta a

re a

vaila

ble

on th

e w

ebsi

te o

f the

Bul

garia

n N

atio

nal B

ank

unde

r sec

tion

Stat

istic

s / M

etho

dolo

gica

l Not

es /

Inte

rest

Rat

e St

atis

tics.

Sour

ce: B

NB

.

35

2.21

. IN

TE

RE

ST R

ATE

S1 AN

D V

OL

UM

ES

OF

OU

TST

AN

DIN

G A

MO

UN

TS

ON

OV

ER

NIG

HT

DE

POSI

TS,

DE

POSI

TS

WIT

H A

GR

EE

D M

ATU

RIT

Y A

ND

DE

POSI

TS

RE

DE

EM

AB

LE

AT

NO

TIC

E O

F

NO

N-F

INA

NC

IAL

CO

RPO

RAT

ION

S SE

CTO

R2

Ove

rnig

ht d

epos

its3

Dep

osits

with

agr

eed

mat

urity

Dep

osits

rede

emab

le

at n

otic

e3

in B

GN

in E

UR

in B

GN

in E

UR

in B

GN

in E

UR

over

1 d

ay u

p to

2 y

ears

over

2

year

s

over

1 d

ay u

p to

2 y

ears

over

2

year

sov

er 1

da

y up

to

1 m

onth

over

1

up to

3

mon

ths

over

3

up to

6

mon

ths

over

6

up to

12

mon

ths

over

1

up to

2

year

s

over

1

day

up to

1

mon

th

over

1

up to

3

mon

ths

over

3

up to

6

mon

ths

over

6

up to

12

mon

ths

over

1

up to

2

year

s

annu

al e

ffect

ive

inte

rest

rate

2016

I0.

090.

090.

930.

840.

570.

760.

731.

420.

652.

101.

021.

020.

550.

620.

661.

361.

951.

040.

340.

04

II0.

090.

080.

890.

800.

530.

740.

661.

340.

622.

120.

990.

970.

540.

500.

581.

232.

041.

240.

280.

04

III

0.08

0.07

0.81

0.72

0.50

0.59

0.55

1.17

0.60

2.06

0.92

0.93

0.52

0.47

0.55

1.19

2.00

0.83

0.42

0.04

IV0.

080.

070.

790.

700.

520.

570.

541.

120.

572.

050.

920.

900.

540.

440.

531.

171.

941.

150.

350.

04

V0.

070.

070.

760.

660.

520.

530.

481.

090.

471.

710.

890.

870.

760.

400.

481.

131.

431.

050.

390.

04

VI

0.06

0.06

0.77

0.65

0.54

0.48

0.42

1.08

0.46

2.22

0.80

0.80

0.60

0.38

0.38

1.08

1.43

0.78

0.44

0.04

volu

mes

in m

illio

n B

GN

2016

I8

460.

73

469.

92

345.

62

178.

257

8.7

216.

034

9.0

535.

649

9.0

167.

41

650.

51

537.

027

3.7

293.

420

4.1

669.

096

.911

3.5

13.7

0.9

II8

632.

63

477.

12

322.

12

158.

355

5.0

213.

935

5.6

539.

249

4.6

163.

81

555.

51

422.

626

3.7

190.

419

4.4

676.

597

.713

2.8

13.2

0.8

III

8 28

9.4

3 41

0.7

2 33

0.2

2 17

2.9

540.

421

1.3

359.

357

2.1

489.

815

7.3

1 63

6.8

1 44

7.6

276.

621

6.4

190.

066

7.5

97.1

189.

115

.30.

7

IV8

355.

83

312.

22

345.

22

185.

755

2.2

211.

235

1.8

581.

748

8.8

159.

51

590.

31

463.

229

7.9

213.

119

1.5

660.

999

.912

7.0

19.6

0.7

V8

571.

33

491.

72

323.

32

106.

848

0.3

203.

035

6.2

588.

647

8.7

216.

51

602.

51

449.

735

0.7

206.

918

1.5

611.

599

.115

2.8

20.8

0.7

VI

8 71

4.0

3 61

6.9

2 25

7.0

2 08

9.7

487.

420

3.1

321.

459

8.8

478.

916

7.3

1 65

6.0

1 44

9.9

348.

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4.1

184.

461

9.7

93.8

206.

021

.30.

7

Prel

imin

ary

data

.1 T

he in

tere

st ra

tes a

re e

ffect

ive

annu

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They

are

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d.2 T

he m

etho

dolo

gica

l not

es to

the

data

are

ava

ilabl

e on

the

web

site

of t

he B

ulga

rian

Nat

iona

l Ban

k un

der s

ectio

n St

atis

tics /

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otes

/ In

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ate

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ide.

Sour

ce: B

NB

.

36

2.22

. IN

TE

RE

ST R

ATE

S1 AN

D V

OL

UM

ES

OF

NE

W B

USI

NE

SS O

N D

EPO

SIT

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ITH

AG

RE

ED

MAT

UR

ITY

OF

HO

USE

HO

LDS

SEC

TOR

2, 3

Dep

osits

with

agr

eed

mat

urity

in B

GN

in E

UR

over

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ay u

p to

1 y

ear

over

1 u

p to

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ears

over

2

year

s

over

1 d

ay u

p to

1 y

ear

over

1 u

p to

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ears

over

2

year

sov

er 1

day

up

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m

onth

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1

up to

3

mon

ths

over

3

up to

6

mon

ths

over

6

up to

12

mon

ths

over

1 d

ay

up

to 1

mon

th

over

1

up to

3

mon

ths

over

3

up to

6

mon

ths

over

6

up to

12

mon

ths

annu

al e

ffec

tive

inte

rest

rat

e

2016

I1.

510.

970.

270.

640.

971.

412.

172.

171.

090.

850.

200.

640.

921.

151.

831.

62

II1.

380.

780.

210.

570.

581.

231.

962.

160.

940.

700.

200.

610.

510.

981.

671.

64

III

1.13

0.64

0.18

0.47

0.48

1.06

1.75

2.13

0.78

0.57

0.18

0.40

0.44

0.91

1.50

1.56

IV1.

170.

620.

180.

500.

800.

991.

602.

090.

800.

590.

180.

430.

710.

811.

471.

53

V0.

970.

590.

150.

490.

810.

871.

531.

720.

700.

540.

150.

400.

770.

691.

201.

18

VI

0.83

0.59

0.15

0.40

0.83

0.92

1.37

1.48

0.66

0.51

0.13

0.34

0.78

0.65

1.16

1.17

volu

mes

in m

illio

n B

GN

2016

I83

4.7

462.

510

3.0

73.2

63.7

222.

685

.528

6.7

503.

136

5.8

76.9

49.2

52.2

187.

562

.574

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II70

0.4

388.

810

2.0

43.9

64.2

178.

751

.725

9.8

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1.7

53.7

40.8

58.1

149.

143

.959

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III

596.

839

1.3

106.

157

.462

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5.2

42.2

163.

435

5.2

277.

956

.848

.159

.811

3.2

35.4

41.9

IV58

7.3

355.

810

7.8

56.2

79.3

112.

533

.619

7.9

320.

424

7.9

52.1

39.1

66.9

89.8

28.5

44.0

V52

0.3

338.

999

.447

.677

.511

4.4

34.0

147.

334

6.4

258.

666

.632

.370

.489

.230

.657

.2

VI

553.

840

0.0

126.

652

.985

.513

5.0

35.0

118.

834

2.8

265.

569

.432

.265

.798

.232

.444

.9

Prel

imin

ary

data

.1 T

he in

tere

st ra

tes a

re e

ffect

ive

annu

al ra

tes.

They

are

ave

rage

wei

ghte

d w

ith th

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lum

es o

f new

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s thr

ough

out t

he re

porti

ng p

erio

d.

2 The

Hou

seho

lds s

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r als

o in

clud

es th

e N

PISH

s sec

tor.

3 The

met

hodo

logi

cal n

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Bul

garia

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ank

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s / M

etho

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l Not

es /

Inte

rest

Rat

e St

atis

tics.

Sour

ce: B

NB

.

37

2.23

. IN

TE

RE

ST R

ATE

S1 AN

D V

OL

UM

ES

OF

OU

TST

AN

DIN

G A

MO

UN

TS

ON

OV

ER

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TS,

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POSI

TS

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EE

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ATU

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RE

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NO

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E O

F

HO

USE

HO

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2, 3

Ove

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ht d

epos

its4

Dep

osits

with

agr

eed

mat

urity

Dep

osits

rede

emab

le

at n

otic

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in B

GN

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UR

in B

GN

in E

UR

in B

GN

in E

UR

over

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ay u

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ears

over

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year

s

over

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ay u

p to

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ears

over

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sov

er 1

day

up

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ths

over

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ths

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mon

ths

over

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p to

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ears

over

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ay

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th

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1

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mon

ths

over

3

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6

mon

ths

over

6

up to

12

mon

ths

over

1 u

p to

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ears

annu

al e

ffec

tive

inte

rest

rat

e

2016

I0.

230.

251.

711.

460.

230.

570.

861.

623.

144.

341.

461.

290.

180.

460.

801.

462.

703.

150.

940.

90

II0.

220.

291.

631.

380.

210.

530.

801.

533.

064.

211.

391.

220.

160.

420.

741.

372.

633.

050.

850.

82

III

0.22

0.24

1.57

1.31

0.18

0.46

0.74

1.44

2.98

4.14

1.34

1.17

0.15

0.37

0.70

1.30

2.53

3.00

0.84

0.80

IV0.

180.

211.

521.

260.

170.

400.

701.

382.

904.

081.

301.

120.

150.

330.

671.

252.

442.

980.

770.

76

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150.

201.

471.

210.

160.

370.

671.

332.

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251.

070.

140.

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641.

212.

332.

940.

760.

74

VI

0.15

0.19

1.41

1.15

0.16

0.34

0.62

1.28

2.70

3.97

1.20

1.02

0.14

0.28

0.60

1.16

2.21

2.91

0.72

0.71

volu

mes

in m

illio

n B

GN

2016

I6

344.

41

262.

111

585

.110

577

.81

028.

31

234.

71

524.

95

395.

51

394.

31

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39

903.

08

997.

475

8.1

1 17

8.4

1 24

1.9

4 67

5.1

1 14

3.8

905.

66

793.

63

382.

0

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335.

31

279.

111

608

.510

582

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51

208.

71

535.

85

373.

01

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31

026.

39

882.

78

970.

674

3.0

1 16

2.9

1 26

5.6

4 63

4.3

1 16

4.7

912.

16

787.

53

375.

7

III

6 42

7.5

1 30

5.6

11 6

06.0

10 5

67.1

1 06

0.9

1 17

3.3

1 53

1.1

5 36

3.6

1 43

8.3

1 03

9.0

9 83

6.9

8 91

7.2

739.

91

124.

81

274.

94

605.

51

172.

191

9.7

6 75

9.5

3 35

7.2

IV6

780.

71

325.

511

628

.410

570

.11

074.

71

158.

91

551.

45

339.

81

445.

21

058.

39

775.

58

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2.9

1 09

5.9

1 27

9.8

4 56

0.6

1 17

2.4

923.

96

789.

93

363.

2

V6

660.

31

363.

511

637

.510

571

.21

088.

41

147.

61

568.

55

324.

91

441.

71

066.

39

741.

38

817.

477

2.2

1 06

7.3

1 29

3.5

4 50

9.3

1 17

5.1

923.

96

784.

43

381.

4

VI

6 84

3.7

1 40

9.7

11 6

58.2

10 5

81.0

1 13

2.2

1 13

3.1

1 57

5.7

5 31

3.6

1 42

6.5

1 07

7.2

9 71

8.0

8 78

7.9

776.

41

047.

11

347.

64

453.

81

163.

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0.1

6 82

0.1

3 39

6.3

Prel

imin

ary

data

.1 T

he in

tere

st ra

tes a

re e

ffect

ive

annu

al ra

tes.

They

are

ave

rage

wei

ghte

d w

ith th

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s as o

f the

end

of t

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porti

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erio

d.2 T

he H

ouse

hold

s sec

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lso

incl

udes

the

NPI

SHs s

ecto

r.3 T

he m

etho

dolo

gica

l not

es to

the

data

are

ava

ilabl

e on

the

web

site

of t

he B

ulga

rian

Nat

iona

l Ban

k un

der s

ectio

n St

atis

tics /

Met

hodo

logi

cal N

otes

/ In

tere

st R

ate

Stat

istic

s.4 F

or o

vern

ight

dep

osits

and

dep

osits

rede

emab

le a

t not

ice,

inte

rest

rate

s and

vol

umes

on

new

bus

ines

s and

on

outs

tand

ing

amou

nts c

oinc

ide.

Sour

ce: B

NB

.

38

3. SUPERVISORY STATISTICS1

3.1. BALANCE SHEET STATEMENT [STATEMENT OF FINANCIAL POSITION] OF THE BANKING SYSTEM

AS OF 30 JUNE 2016(BGN’000)

ASSETS Carrying amount

Cash, cash balances at central banks and other demand deposits 16 410 674

Cash on hand 1 552 056

Cash balances at central banks 11 779 432

Other demand deposits 3 079 186

Financial assets held for trading 1 806 172

Derivatives 159 587

Equity instruments 114 752

Debt securities 1 531 833

Loans and advances 0

Financial assets designated at fair value through profit or loss 237 213


Debt securities 234 958


Available-for-sale financial assets 8 454 158




Loans and receivables 55 318 002


Loans and advances 55 132 784

Held-to-maturity investments 2 139 540



Derivatives – Hedge accounting 0

Fair value changes of the hedged items in portfolio hedge of interest rate risk 0

Investments in subsidaries, joint ventures and associates 363 681

Tangible assets 1 735 686

Property, Plant and Equipment 1 125 747

Investment property 609 939

Intangible assets 172 241

Goodwill 0

Other intangible assets 172 241

Tax assets 41 631

Current tax assets 23 499

Deferred tax assets 18 132

Other assets 1 492 867

Non-current assets and disposal groups classified as held for sale 478 415

TOTAL ASSETS 88 650 280

(continued)

39


AS OF 30 JUNE 2016(continued) (BGN’000)

LIABILITIES Carrying amount

Financial liabilities held for trading 133 666

Derivatives 133 666

Short positions 0

Deposits 0

Debt securities issued 0

Otherfinancialliabilities 0

Financial liabilities designated at fair value through profit or loss 0

Deposits 0



Financial liabilities measured at amortised cost 75 711 240

Deposits 75 161 040

Debt securities issued 344 205

Otherfinancialliabilities 205 995

Derivatives – Hedge accounting 113 949


Provisions 122 557

Pensionsandotherpostemploymentdefinedbenefitobligations 35 902

Otherlongtermemployeebenefits 0

Restructuring 10 522

Pending legal issues and tax litigation 42 106

Commitments and guarantees given 11 943

Other provisions 22 084

Tax liabilities 51 640

Current tax liabilities 24 112

Deferred tax liabilities 27 528

Share capital repayable on demand 0

Other liabilities 717 518

Liabilities included in disposal groups classified as held for sale 0

TOTAL LIABILITIES 76 850 570

(continued)

40



EQUITY Carrying amount

Capital 3 916 583

Paid up capital 3 916 583

Unpaid capital which has been called up 0

Share premium 290 393

Equity instruments issued other than capital 189

Equitycomponentofcompoundfinancialinstruments 0

Other equity instruments issued 189

Other equity 0

Accumulated other comprehensive income 151 230

Itemsthatwillnotbereclassifiedtoprofitorloss 106 301

Tangible assets 110 958

Intangible assets 0

Actuarial gains or (-) losses on defined benefit pension plans - 4 657

Non-current assets and disposal groups classified as held for sale 0

Share of other recognised income and expense of investments in subsidaries, joint ventures and associates 0

Itemsthatmaybereclassifiedtoprofitorloss 44 929

Hedge of net investments in foreign operations [effective portion] 0

Foreign currency translation 17

Hedging derivatives. Cash flow hedges [effective portion] - 45 867

Available-for-sale financial assets 90 779



Retained earnings 3 365 467

Revaluation reserves 442

Other reserves 3 301 931

Reserves or accumulated losses of investments in subsidaries, joint ventures and associates 0

Other 3 301 931

(-) Treasury shares 0

Profit or loss attributable to owners of the parent 773 475

(-) Interim dividends 0

Minority interests [Non-controlling interests] 0

Accumulated Other Comprehensive Income 0

Other items 0

TOTAL EQUITY 11 799 710

TOTAL EQUITY AND TOTAL LIABILITIES 88 650 280

1 The Balance Sheet Statement and Statement of profit or loss tables are presented in line with reporting templates under Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014. Additional information on major principles of their preparation is available on the BNB website in Banking Supervision > Reports Requirements and Public Disclosure > Reporting Requirements.

Source:BNB.

41

3.2. STATEMENT OF PROFIT OR LOSS OF THE BANKING SYSTEM


Current period

Interest income 1 676 203

Financial assets held for trading 12 615

Financialassetsdesignatedatfairvaluethroughprofitorloss 3 880

Available-for-salefinancialassets 91 608


Held-to-maturity investments 25 574

Derivatives - Hedge accounting, interest rate risk 2 488

Other assets 718

(Interest expenses) 263 854

(Financial liabilities held for trading 163

(Financialliabilitiesdesignatedatfairvaluethroughprofitorloss 0

(Financial liabilities measured at amortised cost) 244 593

(Derivatives - Hedge accounting, interest rate risk) 10 018

(Other liabilities) 9 080

(Expenses on share capital repayable on demand) 0

Dividend income 3 963

Financial assets held for trading 102

Financialassetsdesignatedatfairvaluethroughprofitorloss 0


Fee and commission income 512 850

(Fee and commission expenses) 66 269

Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 202 047


Loans and receivables 13 904


Financial liabilities measured at amortised cost 0

Other 1

Gains or (-) losses on financial assets and liabilities held for trading, net 47 468

Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 1 139

Gains or (-) losses from hedge accounting, net - 265

Exchange differences [gain or (-) loss], net 43 495

Gains or (-) losses on derecognition of non financial assets, net 1 916

Other operating income 71 938

(Other operating expenses) 159 144

TOTAL OPERATING INCOME, NET 2 071 487

(Administrative expenses) 796 385

(Staff expenses) 370 457

(Other administrative expenses) 425 928

(Depreciation) 85 635

(Property, Plant and Equipment) 59 691

(Investment Properties) 2 180

(Other intangible assets) 23 764

(Provisions or (-) reversal of provisions) 4 954

(Commitments and guarantees given) 3 065

(Other provisions) 1 889

(continued)

42

3.2. STATEMENT OF PROFIT OR LOSS OF THE BANKING SYSTEM


Current period

(Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 326 171

(Financial assets measured at cost) 0

(Available-for-salefinancialassets) 470

(Loans and receivables 325 701

(Held to maturity investments) 0

(Impairment or (-) reversal of impairment of investments in subsidaries, joint ventures and associates) 0

(Impairment or (-) reversal of impairment on non-financial assets) 2 394

(Property, plant and equipment) 0

(Investment properties) 0

(Goodwill) 0

(Other intangible assets) 0

(Other) 2 394

Negative goodwill recognised in profit or loss 76

Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates 6 124

Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 1

PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 862 149

(Tax expense or (-) income related to profit or loss from continuing operations) 88 674

PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 773 475

Profit or (-) loss after tax from discontinued operations 0

Profitor(-)lossbeforetaxfromdiscontinuedoperations 0

(Tax expense or (-) income related to discontinued operations) 0

PROFIT OR (-) LOSS FOR THE YEAR 773 475

Attributable to minority interest [non-controlling interests] 0

Attributable to owners of the parent 773 475

Source: BNB.

43

3.3. BANK GROUPS1

AS OF 30 JUNE 2016

BAE code BANK

Group I

UNCR9660 Unicredit Bulbank

STSA9300 DSK Bank

FINV9150 First Investment Bank

UBBS9200 United Bulgarian Bank

BPBI9920 Eurobank Bulgaria

Group II

RZBB9155 Raiffeisenbank, Bulgaria

TTBB9400 Societe General Enpressbank

CECB9790 Central Cooperative Bank

PIRB9170 Piraeus Bank Bulgaria

BUIB9888 CIBank

BUIN9561 Allianz Bank Bulgaria

IORT9120 Investbank

NASB9620 Bulgarian Development Bank

PRCB9230 ProCredit Bank, Bulgaria

SOMB9130 Municipal Bank

IABG9470 International Asset Bank

BGUS9160 Bulgarian-American Credit Bank

DEMI9240 D Commerce Bank

TBIB9310 TBI Bank

CREX9260 Tokuda Bank

TEXI9545 Texim Bank

BINV9480 Commercial Bank Victoria

Group III

CITI9250 Citi Bank Europe - Bulgaria Branch

BNPA9440 BNPParibasS.A.-SofiaBranch

INGB9145 INGBankN.V.-SofiaBranch

TCZB9350 T.C.ZiraatBankasi-SofiaBranch

ISBK9370 IsbankAG-SofiaBranch

1Banksare classifiedonly for statisticalpurposes.Thegroupclassificationdoesnot implybanks’financialperformanceevaluation and it should not be interpreted as a rating system. Assigning banks to groups is done based on the amount of their assets and is changed as of the end of each reporting period.

Group I: thefivelargestbanks.

Group II: the rest of the banks.

Group III: the branches of foreign banks in Bulgaria

Source: BNB.

44

3.4. BALANCE SHEET STATEMENT [STATEMENT OF FINANCIAL POSITION] OF GROUP I BANKS




Cash on hand 852 128


Other demand deposits 964 921

Financial assets held for trading 1 251 971

Derivatives 126 219




Financial assets designated at fair value through profit or loss 0

Equity instruments 0

Debt securities 0
















Property, Plant and Equipment 659 897



Goodwill 0


Tax assets 10 084



Other assets 1 234 015



(continued)

45





Derivatives 96 607

Short positions 0

Deposits 0




Deposits 0




Deposits 42 865 833





Provisions 86 519



Restructuring 10 510











(continued)

46




Capital 1 186 048







Other equity 0




Intangible assets 0

Actuarial gains or (-) losses on defined benefit pension plans - 5 175






Hedging derivatives. Cash flow hedges [effective portion] - 45 867




Retained earnings 2 705 952


Other reserves 2 430 212


Other 2 430 212






Other items 0



Source: BNB.

47

3.5. STATEMENT OF PROFIT OR LOSS OF GROUP I BANKS


Current period

Interest income 1 047 680





Held-to-maturity investments 261

Derivatives - Hedge accounting, interest rate risk 2 488

Other assets 64





(Derivatives - Hedge accounting, interest rate risk) 9 457














Other 1


Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0

Gains or (-) losses from hedge accounting, net - 422


Gains or (-) losses on derecognition of non financial assets, net 1 830



TOTAL OPERATING INCOME, NET 1 334 090






(Investment Properties) 789



(Commitments and guarantees given) 366

(Other provisions) 1 087

(continued)

48

3.5. STATEMENT OF PROFIT OR LOSS OF GROUP I BANKS


Current period







(Impairment or (-) reversal of impairment on non-financial assets) 167



(Goodwill) 0


(Other) 167


Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates 178











Source: BNB.

49

3.6. BALANCE SHEET STATEMENT [STATEMENT OF FINANCIAL POSITION] OF GROUP II BANKS




Cash on hand 695 056


Other demand deposits 1 595 603


Derivatives 23 058




Financial assets designated at fair value through profit or loss 237 213









Debt securities 0


Held-to-maturity investments 2 112 043










Goodwill 0


Tax assets 30 566



Other assets 248 519



(continued)

50





Derivatives 28 286

Short positions 0

Deposits 0




Deposits 0




Deposits 30 044 097





Provisions 34 906



Restructuring 0











(continued)

51




Capital 2 730 535







Other equity 0




Intangible assets 0

Actuarial gains or (-) losses on defined benefit pension plans 468






Hedging derivatives. Cash flow hedges [effective portion] 0




Retained earnings 649 430


Other reserves 843 726


Other 843 726






Other items 0



Source: BNB.

52

3.7. STATEMENT OF PROFIT OR LOSS OF GROUP II BANKS


Current period

Interest income 614 092


Financialassetsdesignatedatfairvaluethroughprofitorloss 3 880




Derivatives - Hedge accounting, interest rate risk 0

Other assets 654





(Derivatives - Hedge accounting, interest rate risk) 561






Available-for-salefinancialassets 907





Loans and receivables 110



Other 0


Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 1 139

Gains or (-) losses from hedge accounting, net 157


Gains or (-) losses on derecognition of non financial assets, net 74



TOTAL OPERATING INCOME, NET 706 624






(Investment Properties) 1 391



(Commitments and guarantees given) 2 704

(Other provisions) 477

(continued)

53

3.7. STATEMENT OF PROFIT OR LOSS OF GROUP II BANKS


Current period







(Impairment or (-) reversal of impairment on non-financial assets) 2 227



(Goodwill) 0


(Other) 2 227


Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates 5 946

Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations - 7










Source:BNB.

54

3.8. BALANCE SHEET STATEMENT [STATEMENT OF FINANCIAL POSITION] OF GROUP III BANKS



Cash, cash balances at central banks and other demand deposits 929 203

Cash on hand 4 872

Cash balances at central banks 405 669

Other demand deposits 518 662


Derivatives 10 310




Financial assets designated at fair value through profit or loss 0


Debt securities 0







Debt securities 0



Debt securities 0




Investments in subsidaries, joint ventures and associates 0



Investment property 0


Goodwill 0


Tax assets 981

Current tax assets 17

Deferred tax assets 964

Other assets 10 333



(continued)

55





Derivatives 8 773

Short positions 0

Deposits 0




Deposits 0




Deposits 2 251 110





Provisions 1 132

Pensionsandotherpostemploymentdefinedbenefitobligations 216


Restructuring 12

Pending legal issues and tax litigation 0

Commitments and guarantees given 654

Other provisions 250

Tax liabilities 665

Current tax liabilities 652

Deferred tax liabilities 13





(continued)

56




Capital 0

Paid up capital 0


Share premium 0




Other equity 0


Itemsthatwillnotbereclassifiedtoprofitorloss 50

Tangible assets 0

Intangible assets 0

Actuarial gains or (-) losses on defined benefit pension plans 50






Hedging derivatives. Cash flow hedges [effective portion] 0




Retained earnings 10 085


Other reserves 27 993


Other 27 993






Other items 0

TOTAL EQUITY 41 263


Source:BNB.

57

3.9. STATEMENT OF PROFIT OR LOSS OF GROUP III BANKS


Current period

Interest income 14 431






Derivatives - Hedge accounting, interest rate risk 0

Other assets 0





(Derivatives - Hedge accounting, interest rate risk) 0

(Other liabilities) 467


Dividend income 0






Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 222


Loans and receivables 0



Other 0


Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0

Gains or (-) losses from hedge accounting, net 0


Gains or (-) losses on derecognition of non financial assets, net 12


(Other operating expenses) 479

TOTAL OPERATING INCOME, NET 30 773




(Depreciation) 762

(Property, Plant and Equipment) 503

(Investment Properties) 0


(Provisions or (-) reversal of provisions) 320

(Commitments and guarantees given) - 5

(Other provisions) 325

(continued)

58

3.9. STATEMENT OF PROFIT OR LOSS OF GROUP III BANKS


Current period

(Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 444



(Loans and receivables 160



(Impairment or (-) reversal of impairment on non-financial assets) 0



(Goodwill) 0


(Other) 0


Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates 0



(Tax expense or (-) income related to profit or loss from continuing operations) 699








Source:BNB.

59

3.10. CAPITAL ADEQUACY OF THE BANKING SYSTEM1

AS OF 30 JUNE 2016

BANKING SYSTEM

TOTAL CAPITAL RATIO (%) 22.72%

T1 CAPITAL RATIO (%) 21.21%

1 Additional information on capital adequacy of banking system is available on the BNB website in Bank Supervision > Credit Institutions (Banking Sector) > Financial Supervision Reports - Data.

Source: BNB.

3.11. LIQUIDITY OF BANKS (under Ordinance No. 11 of the BNB) AS OF 30 JUNE 2016

(BGN’000)

ITEMS Total

Assets in pawn/Assets

past due 30 or more days

At signt up to 7 days

From 8 days to 1 month

From 1 to 3 months

From 3 to 6 months

From 6 to 12 months Over 1 year

GROUP I

LIQUID ASSETS 15 425 722 823 145

ASSETS,TOTAL–inflow 44 612 808 3 903 238 14 679 554 2 310 808 2 889 794 2 561 093 3 806 174 22 268 623

LIABILITIES,TOTAL–outflow 43 324 508 6 651 721 2 406 271 2 786 345 3 233 801 5 041 450 23 204 920

Coefficientofliquidassets(%) 35.61

Coefficientofliquiditybymaturityintervals(%) 220.69 422.92 376.62 307.64 195.49 113.92

GROUP II

LIQUID ASSETS 11 121 459 1 719 634





GROUP III

LIQUID ASSETS 1 249 380 772

ASSETS,TOTAL–inflow 2 317 301 3 993 1 459 456 61 495 125 006 187 791 288 422 199 124

LIABILITIES,TOTAL–outflow 2 269 879 832 723 49 349 89 908 124 502 195 899 977 498



BANKING SYSTEM, TOTAL

LIQUID ASSETS 27 796 561 2 543 551





Source: BNB.

60

4. N

ON

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NK

FIN

AN

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L IN

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(BGN'000)

31.0

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30.0

9.20

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31.0

3.20

1630

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By

type

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Bul

garia

n N

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ank

unde

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Stat

istic

s / M

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Leas

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Sta

tistic

s.2 P

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f the

repo

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in a

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. 3 O

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l cor

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nancialintermediariesandauxiliaries,insurancecompaniesandpensionfunds.

4 Overdueclaims-claimsforwhichobjectiveevidenceexiststhatafinancialassetisim

pairedinacordancewithparagraphs5

8and59,I

nter

natio

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Inst

rum

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: Rec

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tion

and

Mea

sure

men

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Sour

ce: L

easi

ng c

ompa

nies

.

61

4.2.

CL

AIM

S U

ND

ER

LE

ASE

CO

NT

RA

CT

S - N

EW

BU

SIN

ESS

1, 2

(BG

N’0

00)

Q1

2015

Q2

2015

Q3

2015

Q4

2015

Q1

2016

Q2

2016

By

type

of a

sset

272

751

398

574

373

431

399

659

319

811

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l lea

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270

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285

371

896

386

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312

687

392

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101

382

83 4

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980

74 2

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536

1 57

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3 35

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118

940

156

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150

897

159

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122

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119

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108

195

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601

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Rea

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312

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Res

iden

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270

356

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247

371

896

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312

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Non-financialcorporations

248

762

372

990

343

481

355

708

281

103

352

644

Monetaryfinancialinstitutions

362

1 14

3-

4552

42

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338

172

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312

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270

5

Gen

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113

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--

--

By

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272

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398

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Up

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352

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205

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195

281

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353

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10 4

3230

972

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6523

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1 53

512

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7 12

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Stat

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s / M

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Sta

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s.2 P

relim

inar

y da

ta. T

he li

st o

f the

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rting

age

nts i

s upd

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in a

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ter u

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ther

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tionsconsistoffi

nancialintermediariesandauxiliaries,insurancecompaniesandpensionfunds.

Sour

ce: L

easi

ng c

ompa

nies

.

62

4.3. ASSETS AND LIABILITIES OF LEASING COMPANIES1, 2

(BGN’000)31.03.2015 30.06.2015 30.09.2015 31.12.2015 31.03.2016 30.06.2016

ASSETS 3 965 140 4 017 358 3 757 786 3 851 045 3 861 426 4 022 423

Loans 3 266 392 3 364 938 3 149 811 3 249 932 3 301 077 3 459 519

Repos - - - - - -

Securities other than shares - - - - - -

Shares and other equity 9 961 18 893 19 104 11 279 13 153 13 154

Investment fund shares - 3 750 2 271 - - -

Other shares 9 961 15 143 16 833 11 279 13 153 13 154

Other assets 688 787 633 527 588 871 589 834 547 196 549 750

LIABILITIES 3 965 140 4 017 358 3 757 786 3 851 045 3 861 426 4 022 423

Loans 2 700 336 2 758 070 2 746 272 2 846 184 2 806 437 2 972 341

Up to 1 year 633 852 670 622 726 297 735 954 736 705 792 415

Over 1 year 2 066 484 2 087 448 2 019 975 2 110 230 2 069 732 2 179 926

Debt securities issued 24 448 24 448 35 107 34 423 33 738 32 467

Other liabilities 849 424 791 303 505 514 477 111 518 041 513 348

Capital and reserves 390 932 443 537 470 893 493 327 503 210 504 267

ofwhich:fundscontributedbyowners 743 470 785 405 218 383 217 633 220 633 207 972

ofwhich:financialresult -563 567 -557 714 35 886 59 432 34 352 86 525

Number of reporting agents 48 48 45 44 45 43

1 The methodological notes to the lease activity statistics are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Lease Activity Statistics.

2 Preliminary data. The list of the reporting agents is updated in accordance with the Financial Institutions Register under art. 3a of the Law on Credit Institutions.

Source: Leasing companies.

63

4.4. CLAIMS ON LOANS OF CORPORATIONS SPECIALIZING IN LENDING1, 2

(BGN'000)31.03.2015 30.06.2015 30.09.2015 31.12.2015 31.03.2016 30.06.2016

Total 1 996 251 2 046 916 2 103 002 2 160 335 2 266 166 2 354 842

By maturity 1 491 322 1 580 241 1 625 381 1 691 692 1 806 664 1 921 363

Up to 1 year 321 065 341 393 355 626 375 359 420 956 454 149

Over 1 and up to 5 years 590 810 607 259 623 394 640 310 655 553 675 996

Over 5 years 579 447 631 589 646 361 676 023 730 155 791 217

Overdue3 504 929 466 675 477 621 468 643 459 502 433 479

By sectors and by purpose 1 996 251 2 046 916 2 103 002 2 160 335 2 266 166 2 354 842

Resident sector 1 960 506 2 012 032 2 068 112 2 122 534 2 228 992 2 316 055

Non-financialcorporations 393 780 396 452 399 464 402 985 450 234 463 863

Monetaryfinancialinstitutions - - - - - -

Otherfinancialcorporations4 43 062 41 932 37 038 39 523 39 908 46 637

General government 6 121 5 549 4 924 4 363 3 813 3 321

Households and NPISHs 1 517 543 1 568 099 1 626 686 1 675 663 1 735 037 1 802 234

Consumer loans 1 225 005 1 297 047 1 372 961 1 432 226 1 509 134 1 587 679

Loans for house purchases 216 013 191 601 173 411 162 407 144 466 132 612

Other loans 76 525 79 451 80 314 81 030 81 437 81 942

Non-resident sector 35 745 34 884 34 890 37 801 37 174 38 787

1 The methodological notes for the corporations specializing in lending statistics are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Corporations Specializing in Lending.

2 Preliminary data. The list of the reporting agents is updated in accordance with the Financial Institutions Register under art. 3a of the Law on Credit Institutions.3Loanclaimsforwhichobjectiveevidenceexiststhatafinancialassetisimpairedinacordancewithparagraphs58and59,International Accounting Standard 39, Financial Instru-

ments: Recognition and Measurement.4 Other financial corporations-includefinancialintermediariesandauxiliaries,insurancecompaniesandpensionfunds.

Source: Corporations specializing in lending.Statistics of corporations specializing in lending do not include leasing companies, which are reporting agents of other statistics.

4.5. ASSETS AND LIABILITIES OF CORPORATIONS SPECIALIZING IN LENDING1, 2

(BGN'000)31.03.2015 30.06.2015 30.09.2015 31.12.2015 31.03.2016 30.06.2016

Assets 2 604 660 2 668 118 2 713 216 2 938 165 2 977 481 2 997 585

Loans 1 996 251 2 046 916 2 103 002 2 160 335 2 266 166 2 354 842

Repos 1 067 858 737 381 251 26

Securities other than shares - - - - - -

Shares and other equity 30 402 26 840 19 055 23 398 25 633 28 781

Investment fund shares - - - - - -

Other shares 30 402 26 840 19 055 23 398 25 633 28 781

Other assets 576 939 593 504 590 422 754 051 685 431 613 937

Liabilities 2 604 660 2 668 118 2 713 216 2 938 165 2 977 481 2 997 585

Loans 1 215 078 1 282 330 1 244 811 1 416 024 1 419 145 1 442 129

Up to 1 year 657 830 643 295 572 907 622 970 607 818 618 822

Over 1 year 557 248 639 035 671 904 793 054 811 327 823 307

Debt securities issued 27 518 27 372 27 372 27 648 28 985 29 510

Other liabilities 782 722 749 001 820 783 847 507 874 574 811 297

Capital and reserves 579 342 609 415 620 250 646 986 654 777 714 648

ofwhich:fundscontributedbyowners 300 667 310 950 309 439 319 429 329 740 339 572

ofwhich:financialresult 43 280 62 777 84 889 105 870 62 547 113 925

Number of reporting agents 148 150 144 148 148 150

1 The methodological notes for the corporations specializing in lending statistics are available on the website of the Bulgarian National Bank under section Statistics / Methodological Notes / Corporations Specializing in Lending.

2 Preliminary data. The list of the reporting agents is updated in accordance with the Financial Institutions Register under art. 3a of the Law on Credit Institutions.

Source: Corporations specializing in lending.Statistics of corporations specializing in lending do not include leasing companies, which are reporting agents of other statistics.

64

4.6. ASSETS OF RESIDENT INVESTMENT FUNDS1

(million BGN)31.03.2015 30.06.2015 30.09.2015 31.12.2015 31.03.2016 30.06.2016

Instrumental and currency breakdown

By instrument 859.0 848.1 795.6 794.4 799.8 859.9

Cash (AF.21) 0.9 2.4 0.2 0.5 0.1 0.3

Deposits(AF.22+AF.29) 290.6 343.1 276.8 220.6 210.7 228.1

Securities other than shares (AF.33) 274.5 187.6 227.8 213.7 221.6 233.3

Shares and other equity (AF.51) 236.9 234.4 239.1 255.3 264.4 287.4

Investment fund shares/units (AF.52)2 35.1 49.2 35.5 89.4 87.9 93.4

Non-financialassets(AN.) 9.0 2.8 0.0 0.0 0.0 0.0

Financial derivatives (AF.34) 0.0 0.0 0.1 0.8 0.9 0.6

Other assets (AF.7) 12.0 28.5 16.2 14.1 14.1 16.8

By currency 859.0 848.1 795.6 794.4 799.8 859.9

BGN 576.8 610.6 458.5 473.2 492.3 530.2

EUR 227.9 154.0 266.8 258.1 244.8 262.8

USD 31.1 29.7 32.3 41.4 40.4 41.6

Other 23.2 53.8 38.0 21.7 22.4 25.4

Securities portfolio structure

By countries 546.5 471.2 502.3 558.4 573.9 614.1

Bulgaria 352.0 315.0 371.0 377.3 410.1 435.2

European Union 152.3 116.1 95.1 140.8 114.6 125.8

Balkan countries 11.0 8.4 8.0 10.8 15.2 14.5

Russian Federation 3.2 3.1 3.0 3.0 4.0 7.0

United States 18.6 20.2 15.9 19.2 19.0 20.4

Other 9.4 8.4 9.4 7.4 11.1 11.2

By institutional sectors 546.5 471.2 502.3 558.4 573.9 614.1

Non-financialcorporations(S.11) 170.7 152.8 117.2 127.6 127.2 139.6

Other MFIs (S.122) 17.9 16.0 9.8 12.4 13.3 16.0

Otherfinancialintermediaries(S.123) 79.3 71.0 136.3 146.4 146.3 154.9

Financial auxiliaries (S.124) 2.5 2.3 7.2 14.0 22.8 23.4

Insurance companies and pension funds (S.125) 1.7 1.5 1.2 1.4 1.3 1.2

General government (S.13) 79.9 71.5 99.3 75.5 99.2 100.2

Rest of the world (S.2) 194.5 156.3 131.3 181.1 163.9 178.9

Preliminary data for June 2016.1 Special investment purpose companies securitizing real estate are not included in the reporting population, since they will be subject to separate reporting.2Investmentfunds'sharesandunitsissued.

Sources: Managing companies and investment companies.

65

4.7.

LIA

BIL

ITIE

S O

F IN

VE

STM

EN

T FU

ND

S1

(mill

ion

BG

N)

Inst

itutio

nal s

ecto

rs b

reak

dow

n31

.03.

2015

30.0

6.20

1530

.09.

2015

31.1

2.20

15

TOTA

LR

esid

ents

Non

-res

i-de

nts

TOTA

LR

esid

ents

Non

-res

i-de

nts

TOTA

LR

esid

ents

Non

-res

i-de

nts

TOTA

LR

esid

ents

Non

-res

i-de

nts

INV

EST

ME

NT

FUN

DS,

TO

TAL

2 32

4.9

2 28

8.7

36.2

2 21

8.5

2 19

6.6

21.8

2 21

2.5

2 19

1.9

20.6

2 21

6.0

2 18

2.2

33.9

Non

-res

iden

t inv

estm

ent f

unds

1 46

5.9

1 46

5.9

1 37

0.3

1 37

0.3

1 41

6.9

1 41

6.9

1 42

1.7

1 42

1.7

Resi

dent

inve

stm

ent f

unds

859.

082

2.7

36.2

848.

182

6.3

21.8

795.

677

5.1

20.6

794.

476

0.5

33.9

NO

N-R

ESI

DE

NT

INV

EST

ME

NT

FUN

DS

1 46

5.9

1 46

5.9

1 37

0.3

1 37

0.3

1 41

6.9

1 41

6.9

1 42

1.7

1 42

1.7

Non

-fina

ncia

l cor

pora

tions

(S.1

1)16

.016

.021

.421

.423

.123

.123

.423

.4

Oth

er M

FIs (

S.12

2)3.

33.

30.

00.

00.

00.

00.

00.

0

Oth

er fi

nanc

ial i

nter

med

iari

es (S

.123

)17

.317

.327

.927

.924

.824

.824

.824

.8

Fina

ncia

l aux

iliar

ies (

S.12

4)28

.728

.70.

10.

10.

10.

10.

10.

1

Insu

ranc

e co

mpa

nies

and

pen

sion

fund

s (S.

125)

1 18

3.4

1 18

3.4

1 09

1.4

1 09

1.4

1 13

9.8

1 13

9.8

1 13

8.4

1 13

8.4

Gen

eral

gov

ernm

ent

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Hou

seho

lds a

nd n

on-p

rofit

inst

itutio

ns se

rvin

g ho

useh

olds

(S.1

4+S.

15)

217.

321

7.3

229.

622

9.6

229.

022

9.0

234.

923

4.9

RE

SID

EN

T IN

VE

STM

EN

T FU

ND

S85

9.0

822.

736

.284

8.1

826.

321

.879

5.6

775.

120

.679

4.4

760.

533

.9

Inve

stm

ent f

unds

shar

es/u

nits

849.

781

3.5

36.2

839.

881

8.0

21.8

790.

376

9.7

20.6

788.

275

8.5

29.7

Non

-fina

ncia

l cor

pora

tions

(S.1

1)79

.977

.22.

792

.290

.41.

986

.885

.01.

839

.836

.83.

0

Oth

er M

FIs (

S.12

2)83

.671

.012

.629

.220

.78.

527

.519

.48.

027

.714

.812

.9

Oth

er fi

nanc

ial i

nter

med

iari

es (S

.123

)34

.334

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046

.446

.40.

043

.643

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024

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0

Fina

ncia

l aux

iliar

ies (

S.12

4)15

.42.

812

.68.

92.

66.

38.

42.

45.

931

.525

.46.

1

Insu

ranc

e co

mpa

nies

and

pen

sion

fund

s (S.

125)

217.

921

7.6

0.2

221.

222

1.1

0.1

208.

120

8.1

0.1

306.

330

6.0

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Hou

seho

lds a

nd n

on-p

rofit

inst

itutio

ns se

rvin

g ho

useh

olds

(S.1

4+S.

15)

418.

641

0.6

8.0

441.

943

6.9

5.1

415.

941

1.1

4.8

358.

935

1.5

7.4

Loan

s0.

00.

00.

00.

00.

00.

00.

00.

00.

00.

00.

00.

0

Fina

ncia

l der

ivat

ives

0.1

0.0

0.1

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Oth

er li

abili

ties

9.3

9.3

0.0

8.3

8.3

0.0

5.3

5.3

0.0

6.1

2.0

4.2

(con

tinue

d)

66

4.7.

LIA

BIL

ITIE

S O

F IN

VE

STM

EN

T FU

ND

S1

(con

tinue

d)(m

illio

n B

GN

)

Inst

itutio

nal s

ecto

rs b

reak

dow

n31

.03.

2016

30.0

6.20

16

TOTA

LR

esid

ents

Non

-res

i-de

nts

TOTA

LR

esid

ents

Non

-res

i-de

nts

INV

EST

ME

NT

FUN

DS,

TO

TAL

2 38

4.9

2 35

1.3

33.6

2 23

5.5

2 20

2.6

32.9

Non

-res

iden

t inv

estm

ent f

unds

1 58

5.1

1 58

5.1

1 37

5.7

1 37

5.7

Resi

dent

inve

stm

ent f

unds

799.

876

6.2

33.6

859.

982

6.9

32.9

NO

N-R

ESI

DE

NT

INV

EST

ME

NT

FUN

DS

1 58

5.1

1 58

5.1

1 37

5.7

1 37

5.7

Non

-fina

ncia

l cor

pora

tions

(S.1

1)34

.634

.634

.434

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Oth

er M

FIs (

S.12

2)0.

00.

00.

00.

0

Oth

er fi

nanc

ial i

nter

med

iari

es (S

.123

)60

.660

.665

.565

.5

Fina

ncia

l aux

iliar

ies (

S.12

4)0.

40.

40.

40.

4

Insu

ranc

e co

mpa

nies

and

pen

sion

fund

s (S.

125)

1 23

5.2

1 23

5.2

1 05

5.7

1 05

5.7

Gen

eral

gov

ernm

ent

0.0

0.0

0.0

0.0

Hou

seho

lds a

nd n

on-p

rofit

inst

itutio

ns se

rvin

g ho

useh

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(S.1

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15)

254.

225

4.2

219.

821

9.8

RE

SID

EN

T IN

VE

STM

EN

T FU

ND

S79

9.8

766.

233

.685

9.9

826.

932

.9

Inve

stm

ent f

unds

shar

es/u

nits

793.

576

0.7

32.8

852.

882

0.5

32.4

Non

-fina

ncia

l cor

pora

tions

(S.1

1)44

.735

.98.

942

.835

.17.

7

Oth

er M

FIs (

S.12

2)30

.519

.011

.633

.822

.511

.3

Oth

er fi

nanc

ial i

nter

med

iari

es (S

.123

)24

.424

.40.

025

.025

.00.

0

Fina

ncia

l aux

iliar

ies (

S.12

4)16

.811

.15.

618

.011

.56.

4

Insu

ranc

e co

mpa

nies

and

pen

sion

fund

s (S.

125)

317.

231

7.1

0.1

353.

235

3.0

0.2

Hou

seho

lds a

nd n

on-p

rofit

inst

itutio

ns se

rvin

g ho

useh

olds

(S.1

4+S.

15)

359.

835

3.3

6.5

380.

137

3.3

6.8

Loan

s0.

00.

00.

00.

00.

00.

0

Fina

ncia

l der

ivat

ives

0.0

0.0

0.0

0.1

0.1

0.0

Oth

er li

abili

ties

6.3

5.5

0.8

6.9

6.3

0.6

Prel

imin

ary

data

for J

une

2016

.1 S

peci

al in

vest

men

t pur

pose

com

pani

es se

curit

izin

g re

al e

stat

e ar

e no

t inc

lude

d in

the

repo

rting

pop

ulat

ion,

sinc

e th

ey w

ill b

e su

bjec

t to

sepa

rate

repo

rting

.

Sour

ces:

Dat

a on

resi

dent

inve

stm

ent f

unds

are

col

lect

ed fr

om m

anag

ing

com

pani

es, i

nves

tmen

t com

pani

es, a

nd th

e C

entra

l Dep

osito

ry. R

egar

ding

non

-res

iden

t inv

estm

ent f

unds

, dat

a co

vers

liab

ilitie

s of n

on-r

esid

ent i

nves

tmen

t fu

nds t

o re

side

nts, andareprovidedbyresidentfinancialintermediariesandbanks.

67

4.8.

INSU

RANC

E ST

ATIS

TICS

1 - AS

SETS

BY

TYPE

OF

ACTI

VITY

2, 3

Type

of a

ctiv

ity31

.03.

2015

30.0

6.20

1530

.09.

2015

31.1

2.20

1531

.03.

2016

30.0

6.20

16

Num

ber o

f co

mpa

nies

Asse

ts (m

illio

n BG

N)Nu

mbe

r of

com

pani

esAs

sets

(mill

ion

BGN)

Num

ber o

f co

mpa

nies

Asse

ts (m

illio

n BG

N)Nu

mbe

r of

com

pani

esAs

sets

(mill

ion

BGN)

Num

ber o

f co

mpa

nies

Asse

ts (m

illio

n BG

N)Nu

mbe

r of

com

pani

esAs

sets

(mill

ion

BGN)

Tota

l60

5 94

5.1

605 9

89.2

595 8

89.9

586 1

17.1

576

261.

057

6 603

.3

Life

insu

ranc

e com

pani

es18

1 56

4.9

181 5

61.1

181 5

95.5

181 6

58.7

181

739.

118

1 747

.8

Gene

ral i

nsur

ance

com

pani

es41

4 38

0.1

414 4

27.9

404 2

94.3

394 4

58.3

384

521.

838

4 855

.4

incl.

Rein

sura

nce c

ompa

nies

12

031.

51

2 103

.71

1 962

.91

2 061

.01

2 11

1.0

12 4

43.0

Healt

h in

sura

nce c

ompa

nies

10.

21

0.11

0.11

0.11

0.1

10.1

Preli

min

ary

data.

1 The

Meth

odol

ogica

l gui

delin

es fo

r col

lectio

n of

insu

ranc

e sta

tistic

s are

avail

able

on th

e web

site o

f the

Bul

garia

n Na

tiona

l Ban

k un

der s

ectio

n St

atist

ics /

Repo

rting

For

ms a

nd In

struc

tions

/ In

sure

rs, R

einsu

rers

and

Hea

lth In

sura

nce C

ompa

nies

.2 T

heclassifi

cationofinsurancec

ompaniesisinac

cordancewithArt.12,para(1)an

d(2)oftheIn

sura

nce C

ode a

nd A

rt. 8

3, p

ara (

1) o

f the

Hea

lth In

sura

nce A

ct. In

acco

rdan

ce w

ith th

e am

endm

ents

to th

e Hea

lth In

sura

nce A

ct (p

ublis

hed

in D

arja

ven

vestn

ik, is

sue 6

0 of

201

2), h

ealth

insu

ranc

e co

mpa

nies

shou

ld b

e reli

cens

ed as

insu

ranc

e joi

nt st

ock

com

pani

es u

nder

the I

nsur

ance

Cod

e. In

this

relat

ion,

data

of t

he co

mpa

nies

und

ergo

ing

a pro

cedu

re o

f brin

ging

their

ope

ratio

ns in

line

with

the I

nsur

ance

Cod

e, or

a liq

uida

tion

proc

edur

e, ar

e inc

lude

d in

the h

ealth

insu

ranc

e com

pani

es d

ata.

3 The

scop

e of i

nsur

ance

stat

istics

inclu

des d

ata o

f bra

nche

s of i

nsur

ance

com

pani

es w

ith th

eir se

at ou

tside

Bul

garia

in co

mpl

iance

with

§1,

p.2

of t

he A

dditi

onal

Prov

ision

of t

he C

urre

ncy L

aw (p

ublis

hed

in D

arja

ven

Vestn

ik, is

sue 8

3 of

21.

09.1

999,

amen

ded,

issu

e 96

of 2

011)

.

Sour

ce: I

nsur

ance

com

pani

es.

68

4.9. INSURANCE STATISTICS1 - STRUCTURE OF ASSETS2

(million BGN)

31.03.2015 30.06.2015 30.09.2015 31.12.2015 31.03.2016 30.06.2016

By instruments 5 945.1 5 989.2 5 889.9 6 117.1 6 261.0 6 603.3

Cash 12.0 14.1 12.5 11.9 11.0 11.1

Deposits 792.3 774.1 747.1 648.0 731.9 756.1

Granted loans 126.6 131.3 138.4 163.2 215.7 346.1

Securities other than shares 2 970.7 2 966.6 2 914.5 3 132.5 3 161.4 3 256.1

Shares and other equity 649.2 679.9 677.8 704.8 735.0 739.1

- Shares (incl. mutual fund shares) 517.6 548.4 541.4 556.6 481.1 469.8

- Other equity3 131.6 131.5 136.4 148.2 253.8 269.2

Fixed assets 186.3 188.1 187.9 187.9 188.2 192.5

Financial derivatives 0.7 3.0 0.6 4.2 7.8 2.4

Non-financialassets 100.8 96.1 93.8 93.2 94.5 90.6

Receivables from insurance operations 668.4 661.0 637.1 681.5 631.7 766.7

- From direct insurance operations 488.2 496.8 478.0 465.4 494.2 498.5

- From reinsurance operations 180.3 164.2 159.1 216.1 137.5 268.2

Other assets 438.2 475.1 480.1 489.8 483.9 442.7

By currency 5 945.1 5 989.2 5 889.9 6 117.1 6 261.0 6 603.3

BGN 2 539.2 2 526.6 2 530.5 2 537.2 2 683.9 2 674.6

EUR 1 672.1 1 670.6 1 696.2 1 845.5 1 855.7 1 941.0

USD 242.0 226.1 229.6 237.3 202.1 204.3

Other 1 491.9 1 565.9 1 433.7 1 497.1 1 519.3 1 783.5

By countries 5 945.1 5 989.2 5 889.9 6 117.1 6 261.0 6 603.3

Bulgaria 3 139.3 3 140.7 3 217.5 3 261.8 3 249.4 3 266.7

European Union 2 553.0 2 587.0 2 425.1 2 583.7 2 677.6 2 956.3

USA 115.1 115.3 99.4 105.9 72.0 74.4

Other countries 25.1 35.9 41.6 60.7 156.4 204.2

Unclassified 112.7 110.2 106.3 105.1 105.5 101.7

By institutional sectors 5 945.1 5 989.2 5 889.9 6 117.1 6 261.0 6 603.3

Residents 3 139.3 3 140.7 3 217.5 3 261.8 3 249.4 3 266.7

Non-financialcorporations 98.4 83.1 61.6 74.9 69.9 70.7

Monetaryfinancialinstitutions 568.1 511.2 532.4 509.7 532.6 470.8

Otherfinancialintermediaries 69.9 87.9 82.3 84.1 79.7 93.5

Financial auxiliaries 0.1 0.1 0.1 0.5 0.5 0.1

Insurance corporations and pension funds 7.5 11.3 51.6 13.7 13.4 3.6

General government 1 040.1 1 041.4 1 098.9 1 160.9 1 149.4 1 236.3

Households and NPISHs 105.5 110.3 115.1 121.2 126.3 131.3

Non-sectorized 1 249.7 1 295.5 1 275.6 1 296.8 1 277.7 1 260.4

Non-residents (Rest of the World) 2 693.1 2 738.3 2 566.1 2 750.2 2 906.1 3 234.9

Unclassified 112.7 110.2 106.3 105.1 105.5 101.7

Preliminary data.1 The Methodological guidelines for collection of insurance statistics are available on the website of the Bulgarian National Bank under section Statistics / Reporting Forms and

Instructions / Insurers, Reinsurers and Health Insurance Companies.2 The scope of insurance statistics includes data of branches of insurance companies with their seat outside Bulgaria in compliance with §1, p.2 of the Additional Provision of the

Currency Law (published in Darjaven Vestnik, issue 83 of 21.09.1999, amended, issue 96 of 2011). 3 Includes participation in the capital of subsidiary undertakings, associated corporations, mutual fund shares and participation in investment pools.

Source: Insurance companies.

69

4.10. INSURANCE STATISTICS1 - STRUCTURE OF LIABILITIES2

(million BGN)31.03.2015 30.06.2015 30.09.2015 31.12.2015 31.03.2016 30.06.2016

TOTAL 5 945.1 5 989.2 5 889.9 6 117.1 6 261.0 6 603.3Equity capital 2 002.1 2 006.0 1 852.4 1 936.5 2 012.6 1 861.1

Loans received 109.2 109.1 108.5 136.2 158.1 107.9Residents 41.4 41.1 40.6 58.2 84.0 33.6

Monetaryfinancialinstitutions 38.3 38.3 38.3 56.6 83.2 32.7Non-monetaryfinancialinstitutions 3.1 2.8 2.2 1.6 0.9 0.9

General government 0.0 0.0 0.0 0.0 0.0 0.0Other sectors 3.1 2.8 2.2 1.6 0.9 0.9

Otherfinancialintermediaries 0.0 0.0 0.0 0.0 0.0 0.0Financial auxiliaries 0.0 0.0 0.0 0.0 0.0 0.0Insurance corporations and pension funds 0.0 0.0 0.0 0.0 0.0 0.0Non-financialcorporations 3.1 2.7 2.2 1.6 0.9 0.9Households and NPISHs 0.0 0.0 0.0 0.0 0.0 0.0

Non-residents (Rest of the World) 67.8 68.0 68.0 78.0 74.1 74.3

Securities other than shares 0.0 0.0 0.0 0.0 0.0 0.0Residents 0.0 0.0 0.0 0.0 0.0 0.0Non-residents (Rest of the World) 0.0 0.0 0.0 0.0 0.0 0.0

Financial derivatives 8.7 3.0 4.3 2.9 1.7 7.2Residents 0.0 0.0 0.2 0.0 0.0 0.3Non-residents (Rest of the World) 8.7 3.0 4.1 2.9 1.7 6.9

Insurance technical reserves 3 427.8 3 485.3 3 507.3 3 527.5 3 613.3 3 806.7Net equity of households in life insurance reserves 933.9 963.3 992.2 1 006.4 1 049.9 1 094.9

Residents 933.9 963.3 992.2 1 006.4 1 049.9 1 094.9Non-residents (Rest of the World) 0.0 0.0 0.0 0.0 0.0 0.0

Transfer – premium reserve and reserve for forthcoming payments 2 494.0 2 522.1 2 515.1 2 521.1 2 563.4 2 711.9

Residents 1 458.1 1 469.4 1 415.1 1 420.5 1 419.7 1 435.4Monetaryfinancialinstitutions 92.4 84.9 86.9 76.9 77.7 69.5Non-monetaryfinancialinstitutions 1 365.7 1 384.5 1 328.2 1 343.6 1 342.0 1 365.9

General government 2.6 2.5 2.3 0.3 0.7 0.7Other sectors 1 363.1 1 382.1 1 325.9 1 343.3 1 341.3 1 365.2

Otherfinancialintermediaries 30.1 29.8 23.8 21.4 22.0 21.2Financial auxiliaries 8.6 8.8 8.7 7.7 8.3 7.9Insurance corporations and pension funds 0.1 0.2 0.1 0.1 0.1 0.2Non-financialcorporations 529.0 540.7 531.9 510.7 506.9 514.7Households and NPISHs 795.4 802.5 761.4 803.5 804.0 821.1

Non-residents (Rest of the world) 1 035.8 1 052.6 1 100.0 1 100.5 1 143.7 1 276.5

Deposits received by reinsurers 30.6 29.0 26.9 25.3 25.0 24.5Residents 0.0 0.0 0.0 0.0 0.0 0.0Non-residents (Rest of the World) 30.6 29.0 26.9 25.3 25.0 24.5

Obligations under insurance and reinsurance operations 200.9 205.4 222.7 323.1 283.5 412.1Residents 125.6 124.6 122.9 155.4 148.1 144.8Non-residents (Rest of the World) 75.4 80.8 99.9 167.7 135.4 267.3

Other liabilities 165.8 151.3 167.9 165.6 166.8 383.8Residents 159.5 145.6 164.9 160.0 160.9 156.4Non-residents (Rest of the World) 6.3 5.7 3.0 5.5 6.0 227.4

Preliminary data.1 The Methodological guidelines for collection of insurance statistics are available on the website of the Bulgarian National Bank under section Statistics / Reporting Forms and Instructions

/ Insurers, Reinsurers and Health Insurance Companies.2 The scope of insurance statistics includes data of branches of insurance companies with their seat outside Bulgaria in compliance with §1, p.2 of the Additional Provision of the Currency

Law (published in Darjaven Vestnik, issue 83 of 21.09.1999, amended, issue 96 of 2011).

Source: Insurance companies.

70

5. FINANCIAL MARKETS5.1. INTERBANK MONEY MARKET1

(BGN'000)Volumes

Deposit lending Repo agreements in government securities2

Outright deals in govenrment securities3

2015

I 627 700 193 742 287 082

II 1 010 400 45 094 183 110

III 1 041 300 397 644 189 107

IV 873 900 623 273 87 995

V 1 342 500 154 566 75 206

VI 1 452 200 397 881 282 016

VII 586 900 331 248 47 913

VIII 458 400 173 207 2 643

IX 392 500 373 636 83 478

X 93 000 1 007 400 71 823

XI 117 000 1 295 292 89 435

XII 474 000 490 462 109 256

TOTAL 8 469 800 5 483 445 1 509 064

2016

I 443 200 37 269 157 542

II 479 200 108 544 87 880

III 567 500 568 675 29 716

IV 570 200 617 978 277 371

V 819 100 644 232 38 716

VI 629 900 527 634 108 478

TOTAL 3 509 100 2 504 332 699 703

1 Includes deals in BGN of commercial banks.2 Only the securities purchase side.3 Includes purchases of government securities of any denomimation and maturity, at market prices.

Source: BNB.

71

5.2.

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72

5.3. FOREIGN EXCHANGE MARKET. BNB SPOT TRANSACTIONS1

(million EUR)Bought Sold Balance

January - June 2015 58 570.7 57 966.4 604.3

BNB with banks 56 322.7 57 821.4 -1 498.7

BNBwithfinalcustomers 2 247.9 145.0 2 102.9

ofwhich:

account transactions with budget organisations 2 247.9 130.8 2 117.1

cash operations at counters 0.0 14.1 -14.1

January - June 2016 72 743.2 70 956.0 1 787.2

BNB with banks 70 944.7 70 439.0 505.6

BNBwithfinalcustomers 1 798.6 517.0 1 281.6

ofwhich:

account transactions with budget organisations 1 798.6 496.2 1 302.4

cash operations at counters 0.0 20.8 -20.8

1Withvaluedateupto2days,inclusive('today','tomorrow',and'spot').

Source: BNB.

5.4. FOREIGN EXCHANGE MARKET. INTERBANK SPOT TRANSACTIONS1


January - June 2015 58 805.4 60 304.0 -1 498.7

ofwhich:

banks 2 482.6 2 482.6 0.0

BNB with banks 56 322.7 57 821.4 -1 498.7

January - June 2016 73 277.5 72 771.8 505.6

ofwhich:

banks 2 332.8 2 332.8 0.0

BNB with banks 70 944.7 70 439.0 505.6


Source: BNB,frombanks'andBNB'sdailyreports.

5.5. FOREIGN EXCHANGE MARKET. SPOT TRANSACTIONS WITH FINAL CUSTOMERS1


January - June 2015 13 492.0 13 213.9 278.1

ofwhich:

banks 11 244.1 13 068.9 -1 824.8

-ofwhich:withnonresidents 940.8 1 549.7 -608.9

BNB 2 247.9 145.0 2 102.9

January - June 2016 13 782.9 12 088.7 1 694.2

ofwhich:

banks 11 984.3 11 571.7 412.6

-ofwhich:withnonresidents 1 098.0 952.4 145.6

BNB 1 798.6 517.0 1 281.6


Source: BNB,frombanks'andBNB'sdailyreports.

73

5.6. FOREIGN EXCHANGE MARKET. INTERBANK SWAP AND FORWARD TRANSACTIONS1


January - June 2015 119.2 119.2 0.0

January - June 2016 140.5 140.5 0.0

1WithoutBNB.ThefiguresforforeignexchangeswapdealsincludeboththesalesofforeigncurreciesforBGNandthesubsequentpurchaseoperations.

Source: BNB,frombanks'dailyreports.

5.7. FOREIGN EXCHANGE MARKET. SWAP AND FORWARD TRANSACTIONS OF BANKS WITH FINAL CUSTOMERS1


January - June 2015 11 968.8 12 068.1 -89.4

-ofwhich:withnonresidents 11 477.8 11 497.6 -9.7

January - June 2016 6 836.7 6 752.1 84.5

-ofwhich:withnonresidents 6 640.1 6 378.2 261.9

1WithoutBNB.ThefiguresforforeignexchangeswapdealsincludeboththesalesofforeigncurreciesforBGNandthesubsequentpurchaseoperations.

Source: BNB,frombanks'dailyreports.

74

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77

6.2. DIRECT INVESTMENT, NET FLOW1

(million EUR)2015 2016

Q1 Q2 Q3 Q4 Total Q1 Q2

Direct investment, net -557.3 -396.8 -611.7 -30.0 -1 595.7 -394.8 -448.1

Direct investment abroad2, 3 20.9 -22.0 45.8 52.0 96.7 -12.9 82.9

Equity4 31.4 23.2 15.9 39.9 110.4 14.4 46.3

Reinvestment of earnings -9.6 -5.6 -6.1 -15.7 -37.1 -31.1 -14.5

Debt instruments5 -0.8 -39.7 36.0 27.8 23.4 3.9 51.0

Foreign Direct Investment in Bulgaria2, 3 578.3 374.7 657.5 82.0 1 692.4 381.9 530.9

Equity6 90.1 -33.4 883.8 163.0 1 103.5 144.5 23.8

Reinvestment of earnings7 213.6 234.0 163.2 74.4 685.3 139.0 237.4

Debt Instruments8 274.6 174.1 -389.6 -155.4 -96.3 98.4 269.7

1 Data are presented in accordance with the directional principle presentation and compiled according to the IMF 6-th edition of the Balance of Payments and International Investment Position Manual.2 Preliminary data in accordance with the directional principle. 3Aminussigndenotesacapitaloutflow(decreaseinassetsorliabilities)andapositivesign-acapitalinflow(increaseinassetsorliabilities).4Onthebasisofbanks'reportsandthequarterlyreportsofthefirmswithdirectinvestmentsabroad.5OnthebasisofthereportssubmittedtotheBNBbytheenterpriseswithfinancialandtradecreditsbetweenrelatedparties.

Due to quarterly and annual reporting data are subject to revisions.6 Data are provided by direct investment companies reporting to BNB, Agency for Privatization, NSI, Central Depository, banks and the BNB. 7 The data include only banks’ data on reinvested earnings.8OnthebasisofthereportssubmittedtotheBNBbytheenterpriseswithfinancialandtradecreditsbetweenrelatedparties.

Due to quarterly and annual reporting data are subject to revisions.

Sources: BNB.

78

6.3. EXPORTS BY COMMODITY GROUP1

Commodity groups2

January - JuneChange

2015 2016

million EUR share million EUR share million EUR %

Machines, transport facilities, appliances and tools, including: 2 762.8 24.0% 3 088.8 27.8% 325.9 11.8%

Division 85. Electrical machines, equipment parts thereof; sound recorders etc. 1 095.3 9.5% 1 155.3 10.4% 60.0 5.5%

Division 84. Nuclear reactors, boilers, machinery & mechanical appliance, parts 927.3 8.1% 974.5 8.8% 47.2 5.1%

Division 87. Vehicles other than railway tramway rolling-stock, parts & accessories 330.0 2.9% 362.2 3.3% 32.2 9.8%

Division 90. Optical, photographic, cinematographic, measuring checking, precision, apparatus etc. 122.4 1.1% 135.4 1.2% 13.0 10.6%

Animal and vegetable products, food, drinks and tobacco products, including: 1 624.8 14.1% 1 685.0 15.2% 60.2 3.7%

Division 10. Cereals 295.6 2.6% 337.8 3.0% 42.2 14.3%

Division 12. Oil seed oleaginous fruits; miscellaneous grain, seed, fruit etc. 243.9 2.1% 248.7 2.2% 4.8 2.0%

Division 24. Tobacco and manufactured tobacco substitutes 172.6 1.5% 126.9 1.1% -45.7 -26.5%

Division 15. Animal / vegetable fats & oils & their cleavage products etc. 124.6 1.1% 119.5 1.1% -5.1 -4.1%

Division19.Preparationsofcereal,flour 101.0 0.9% 107.1 1.0% 6.1 6.0%

Textile and leather materials, clothing, footwear and other consumer goods, including: 1 483.2 12.9% 1 634.5 14.7% 151.3 10.2%

Division 62. Articles of apparel & clothing accessories not knitted/crocheted 397.2 3.5% 423.3 3.8% 26.1 6.6%

Division 61. Articles of apparel & clothing accessories, knitted or crocheted 291.3 2.5% 328.5 3.0% 37.2 12.8%

Division 94. Furniture; bedding, matters, mattres support, cushion etc. 253.7 2.2% 292.9 2.6% 39.2 15.4%

Chemical products, plastics and rubber, including: 1 389.5 12.1% 1 443.3 13.0% 53.8 3.9%

Division 30. Pharmaceutical products 406.5 3.5% 366.4 3.3% -40.1 -9.9%

Division 39. Plastics and articles thereof 317.6 2.8% 340.0 3.1% 22.4 7.0%

Division 40. Rubber and articles thereof 113.6 1.0% 133.4 1.2% 19.8 17.4%

Division 38. Miscellaneous chemical products 47.9 0.4% 128.7 1.2% 80.8 168.8%

Division 31. Fertilizers 154.0 1.3% 126.7 1.1% -27.3 -17.7%

Division 28. Inorganic chemicals 131.3 1.1% 125.8 1.1% -5.5 -4.2%

Base metals and their products, including: 2 007.6 17.5% 1 406.4 12.7% -601.2 -29.9%

Division 74. Copper and articles thereof 1 181.0 10.3% 603.7 5.4% -577.4 -48.9%

Division 73. Articles of iron and steel 201.2 1.7% 233.3 2.1% 32.1 15.9%

Division 72. Iron and steel 232.1 2.0% 194.1 1.8% -38.0 -16.4%

Division 76. Aluminium and articles thereof 165.2 1.4% 159.0 1.4% -6.2 -3.7%

Mineral products and fuels, including: 1 625.7 14.1% 1 211.0 10.9% -414.7 -25.5%

Division 27. Mineral Fuels, oils & products of their distillation; etc. 1 284.4 11.2% 882.1 8.0% -402.2 -31.3%

Division 26. Ores, Slag and ash 263.0 2.3% 262.2 2.4% -0.8 -0.3%

Wood, paper, earthenware and glass products, including 607.3 5.3% 623.0 5.6% 15.7 2.6%

Division 70. Glass and glassware 180.2 1.6% 198.2 1.8% 17.9 9.9%

Division 44. Wood and articles of wood; wood charcoal 156.0 1.4% 144.2 1.3% -11.8 -7.6%

Division 48. Paper & paperboard; articles of paper pulp, paper/paperboard 105.3 0.9% 115.1 1.0% 9.9 9.4%

TOTAL EXPORTS /FOB/ 11 501.0 100.0% 11 091.9 100.0% -409.1 -3.6%

1For2015-finaldata,for2016-preliminarydataasof19.08.2016.Methodological notes for compilation of imports and exports of goods are pulished on the BNB web-site.2 Commodity groups include chapters from the Combined Nomenclature (Eurostat).

Source: NSI data processed by the BNB.

79

6.4. IMPORTS BY COMMODITY GROUP1

Commodity groups2


2015 2016


Machines, transport facilities, appliances and tools, including: 3 741.3 28.7% 3 874.1 31.7% 132.8 3.5%

Division 84. Nuclear reactors, boilers, machinery & mechanical appliance, parts 1 324.2 10.2% 1 288.8 10.6% -35.4 -2.7%

Division 85. Electrical machines, equipment parts thereof; sound recorders etc. 1 128.1 8.7% 1 192.1 9.8% 64.0 5.7%

Division 87. Vehicles other than railway tramway rolling-stock, parts & accessories 898.8 6.9% 931.5 7.6% 32.7 3.6%

Division 90. Optical, photographic, cinematographic, measuring checking, precision, apparatus etc. 181.0 1.4% 189.6 1.6% 8.6 4.7%

Chemical products, plastics and rubber, including: 2 112.6 16.2% 2 234.6 18.3% 121.9 5.8%

Division 39. Plastics and articles thereof 585.1 4.5% 612.9 5.0% 27.8 4.7%

Division 30. Pharmaceutical products 553.0 4.2% 546.7 4.5% -6.3 -1.1%

Division 38. Miscellaneous chemical products 250.6 1.9% 332.4 2.7% 81.8 32.7%

Division 40. Rubber and articles thereof 147.6 1.1% 155.2 1.3% 7.7 5.2%

Division 33. Essential oils 103.0 0.8% 133.5 1.1% 30.5 29.6%

Division 29. Organic chemicals 132.2 1.0% 117.2 1.0% -14.9 -11.3%

Division 31. Fertilizers 129.2 1.0% 109.7 0.9% -19.5 -15.1%

Mineral products and fuels, including: 2 848.3 21.9% 1 807.3 14.8% -1 041.0 -36.5%

Division 27. Mineral fuels, oils & products of their distillation; etc. 2 103.3 16.2% 1 395.7 11.4% -707.6 -33.6%

Division 26. Ores, slag and ash 690.9 5.3% 359.9 2.9% -331.0 -47.9%

Textile and leather materials, clothing, footwear and other consumer goods, including: 1 253.9 9.6% 1 350.3 11.1% 96.4 7.7%

Division 61. Articles of apparel & clothing accessories, knitted or crocheted 111.8 0.9% 131.4 1.1% 19.7 17.6%

Division 94. Furniture; bedding, matters, mattres support, cushion etc. 117.8 0.9% 127.5 1.0% 9.7 8.2%

Division 62. Articles of apparel & clothing accessories not knitted/crocheted 103.7 0.8% 123.3 1.0% 19.6 18.9%

Division51.Wool,fine/coarseanimalshairhorsehair 109.1 0.8% 113.1 0.9% 4.0 3.6%

Division 60. Knitted or crocheted fabrics 93.4 0.7% 102.3 0.8% 8.9 9.5%

Division55.Man-madestaplefibres 94.8 0.7% 98.0 0.8% 3.2 3.4%

Animal and vegetable products, food, drinks and tobacco products, including: 1 297.0 10.0% 1 328.4 10.9% 31.3 2.4%

Division 02. Meat and edible meat offal 163.0 1.3% 152.6 1.2% -10.4 -6.4%

Division 22. Beverages, sprits and vinegar 93.2 0.7% 109.8 0.9% 16.6 17.8%

Division 18. Cocoa and cocoa products 96.4 0.7% 101.4 0.8% 5.0 5.2%

Division04.Dairyproducts;birds'eggs;edibleproducts 88.0 0.7% 91.2 0.7% 3.2 3.7%

Base metals and their products, including: 1 332.5 10.2% 1 150.1 9.4% -182.4 -13.7%

Division 72. Iron and steel 414.6 3.2% 377.0 3.1% -37.6 -9.1%

Division 73. Articles of iron and steel 310.1 2.4% 243.7 2.0% -66.4 -21.4%

Division 76. Aluminium and articles thereof 210.5 1.6% 193.8 1.6% -16.7 -7.9%

Division 74. Copper and articles thereof 261.0 2.0% 178.5 1.5% -82.4 -31.6%

Wood, paper, earthenware and glass products, including 434.7 3.3% 464.4 3.8% 29.7 6.8%

Division 48. Paper & paperboard; articles of paper pulp, paper/paperboard 198.0 1.5% 203.9 1.7% 5.9 3.0%

TOTAL IMPORTS /CIF/ 13 020.3 100.0% 12 209.1 100.0% -811.2 -6.2%

(-)Freight 629.0 577.2

TOTAL IMPORTS /FOB/ 12 391.4 11 631.9 -759.4 -6.1%

1For2015-finaldata,for2016-preliminarydataasof19.08.2016.Methodological notes for compilation of imports and exports of goods are pulished on the BNB web-site.2 Commodity groups include chapters from the Combined Nomenclature (Eurostat).


80

6.5. EXPORTS BY USE1

Commodity groups


2015 2016


Consumer goods 2 947.1 25.6% 3 064.6 27.6% 117.5 4.0%

Food 611.8 5.3% 651.0 5.9% 39.3 6.4%

Tobacco 110.1 1.0% 51.6 0.5% -58.5 -53.1%

Beverages 39.4 0.3% 45.9 0.4% 6.5 16.4%

Clothing and footwear 771.7 6.7% 833.9 7.5% 62.3 8.1%

Medicines and cosmetics 486.2 4.2% 465.8 4.2% -20.4 -4.2%

Furniture and household appliances 469.4 4.1% 503.9 4.5% 34.5 7.4%

Others 458.4 4.0% 512.3 4.6% 53.9 11.8%

Raw materials 4 779.4 41.6% 4 251.9 38.3% -527.6 -11.0%

Iron and steel 232.1 2.0% 194.1 1.8% -38.0 -16.4%

Non-ferrous metals 1 299.6 11.3% 722.8 6.5% -576.8 -44.4%

Chemicals 199.0 1.7% 182.7 1.6% -16.3 -8.2%

Plastics and rubber 385.0 3.3% 414.6 3.7% 29.6 7.7%

Fertilizers 154.0 1.3% 126.7 1.1% -27.3 -17.7%

Textiles 247.6 2.2% 267.4 2.4% 19.8 8.0%

Raw materials for the food industry 714.1 6.2% 767.2 6.9% 53.1 7.4%

Wood products, paper and paperboard 243.9 2.1% 251.5 2.3% 7.6 3.1%

Cement 11.6 0.1% 16.5 0.1% 4.9 42.4%

Raw tobacco 62.4 0.5% 75.3 0.7% 12.8 20.5%

Others 1 230.0 10.7% 1 233.1 11.1% 3.1 0.3%

Investment goods 2 432.1 21.1% 2 763.6 24.9% 331.5 13.6%

Machines and equipment 647.7 5.6% 664.6 6.0% 16.9 2.6%

Electrical machines 277.2 2.4% 301.1 2.7% 23.9 8.6%

Vehicles 231.9 2.0% 241.7 2.2% 9.8 4.2%

Spare parts and equipment 650.9 5.7% 688.5 6.2% 37.6 5.8%

Others 624.5 5.4% 867.7 7.8% 243.3 39.0%

Total non energy commodities 10 158.5 88.3% 10 080.0 90.9% -78.5 -0.8%

Mineral fuels, oils and electricity 1 322.0 11.5% 988.6 8.9% -333.4 -25.2%

Petroleum products 1 021.0 8.9% 681.8 6.1% -339.2 -33.2%

Others 301.0 2.6% 306.8 2.8% 5.8 1.9%

incl. Electricity 255.1 2.2% 193.6 1.7% -61.5 -24.1%

Other Exports2 20.4 0.2% 23.3 0.2% 2.9 0.0%


1For2015-finaldata,for2016-preliminarydataasof19.08.2016.Methodological notes for compilation of imports and exports of goods are pulished on the BNB web-site.2Includesinformationonexportsofgoodsnotelsewhereclassified.


81

6.6. IMPORTS BY USE1

Commodity groups2


2015 2016


Consumer goods 2 657.6 20.4% 2 801.3 22.9% 143.6 5.4%

Food, drinks and tobacco 825.7 6.3% 869.9 7.1% 44.1 5.3%

Furniture and household appliances 358.8 2.8% 362.6 3.0% 3.8 1.1%

Medicines and cosmetics 599.6 4.6% 611.1 5.0% 11.6 1.9%

Clothing and footwear 299.5 2.3% 342.1 2.8% 42.6 14.2%

Automobiles 180.1 1.4% 188.0 1.5% 7.9 4.4%

Others 393.9 3.0% 427.5 3.5% 33.5 8.5%

Raw materials 4 898.2 37.6% 4 508.7 36.9% -389.6 -8.0%

Ores 690.9 5.3% 359.9 2.9% -331.0 -47.9%

Iron and steel 414.6 3.2% 377.0 3.1% -37.6 -9.1%

Non-ferrous metals 400.5 3.1% 294.8 2.4% -105.6 -26.4%

Textiles 607.7 4.7% 632.0 5.2% 24.2 4.0%

Wood products, paper and paperboard 244.7 1.9% 261.5 2.1% 16.9 6.9%

Chemicals 369.5 2.8% 359.0 2.9% -10.5 -2.8%

Plastics and rubber 713.9 5.5% 745.3 6.1% 31.4 4.4%

Raw materials for the food industry 330.2 2.5% 336.5 2.8% 6.3 1.9%

Raw skins 49.5 0.4% 52.4 0.4% 2.9 5.9%

Raw tobacco 37.9 0.3% 33.1 0.3% -4.8 -12.6%

Others 1 039.0 8.0% 1 057.3 8.7% 18.3 1.8%

Investment goods 3 268.6 25.1% 3 323.8 27.2% 55.2 1.7%

Machines and equipment 1 148.7 8.8% 1 108.8 9.1% -39.9 -3.5%

Electrical machines 440.6 3.4% 499.7 4.1% 59.1 13.4%

Vehicles 596.6 4.6% 631.1 5.2% 34.5 5.8%

Spare parts and equipment 520.2 4.0% 542.2 4.4% 22.0 4.2%

Others 562.5 4.3% 542.0 4.4% -20.5 -3.6%

Total non energy commodities 10 824.5 83.1% 10 633.8 87.1% -190.7 -1.8%

Mineral fuels, oils and electricity 2 133.8 16.4% 1 506.6 12.3% -627.2 -29.4%

Fuels 1 644.5 12.6% 1 149.4 9.4% -495.1 -30.1%

Crude oil and Natural gas 1 504.9 11.6% 980.5 8.0% -524.4 -34.8%

Coal 63.2 0.5% 30.7 0.3% -32.4 -51.3%

Others 76.5 0.6% 138.2 1.1% 61.7 80.7%

Others 489.3 3.8% 357.2 2.9% -132.1 -27.0%

Oils 489.3 3.8% 357.2 2.9% -132.1 -27.0%

Other Imports2 62.0 0.5% 68.8 0.6% 6.7 10.9%


1For2015-finaldata,for2016-preliminarydataasof19.08.2016.Methodological notes for compilation of imports and exports of goods are pulished on the BNB web-site.2 Includes information on imports of goods in Chapter 99 Customs alleviations of the Customs Tariffandimportsofgoodsnotelsewhereclassified.


82

6.7. EXPORTS BY MAJOR TRADING PARTNER AND REGION1

Countries


2015 2016


EU countries incl.: 7 236.5 62.9% 7 505.6 67.7% 269.1 3.7%

Germany 1 475.0 12.8% 1 487.8 13.4% 12.7 0.9%

Italy 1 098.2 9.5% 1 135.1 10.2% 36.8 3.4%

Romania 879.4 7.6% 990.0 8.9% 110.6 12.6%

Greece 745.1 6.5% 779.5 7.0% 34.4 4.6%

France 456.7 4.0% 513.2 4.6% 56.5 12.4%

Great Britain 276.0 2.4% 286.8 2.6% 10.8 3.9%

Netherlands 269.1 2.3% 284.3 2.6% 15.1 5.6%

Poland 242.7 2.1% 260.8 2.4% 18.1 7.5%

Spain 181.4 1.6% 253.6 2.3% 72.2 39.8%

Belgium 436.0 3.8% 243.2 2.2% -192.8 -44.2%

Austria 195.0 1.7% 218.1 2.0% 23.1 11.9%

Hungary 177.2 1.5% 195.7 1.8% 18.5 10.4%

Czech Republic 186.7 1.6% 181.4 1.6% -5.3 -2.8%

Europe incl.:2 431.8 3.8% 267.9 2.4% -164.0 -38.0%

Russia 198.8 1.7% 152.4 1.4% -46.4 -23.3%

Switzerland 58.3 0.5% 43.5 0.4% -14.8 -25.4%

Ukraine 98.2 0.9% 37.4 0.3% -60.8 -61.9%

Gibraltar 12.7 0.1% 0.2 0.0% -12.5 -98.4%

Balkan countries incl.:3 1 565.2 13.6% 1 415.2 12.8% -150.0 -9.6%

Turkey 1 091.0 9.5% 944.7 8.5% -146.3 -13.4%

Macedonia 181.3 1.6% 197.4 1.8% 16.1 8.9%

Serbia 206.8 1.8% 181.9 1.6% -24.9 -12.1%

Americas incl.: 284.1 2.5% 215.4 1.9% -68.7 -24.2%

USA 214.4 1.9% 150.8 1.4% -63.6 -29.7%

Asia incl.: 1 211.3 10.5% 866.8 7.8% -344.5 -28.4%

China 277.4 2.4% 207.6 1.9% -69.8 -25.2%

United Arab Emirates 115.0 1.0% 83.3 0.8% -31.7 -27.5%

Other countries 772.0 6.7% 821.0 7.4% 49.0 6.3%


1For2015-finaldata,for2016-preliminarydataasof19.08.2016.Methodological notes for compilation of imports and exports of goods are pulished on the BNB web-site.2 Includes Russia, Switzerland, Ukraine, Gibraltar (Great Britain), Moldova, Belarus, Norway, Lichtenstein, Iceland, San Marino, Andorra, Faroe Islands and the Holy See.3 Includes Turkey, Serbia, Macedonia, Albania, Montenegro, Kosovo and Bosnia and Herzegovina.


83

6.8. IMPORTS BY MAJOR TRADING PARTNER AND REGION1

Countries2


2015 2016


EU countries incl.: 6 811.1 52.3% 6 840.6 56.0% 29.5 0.4%

Germany 1 551.2 11.9% 1 516.2 12.4% -35.1 -2.3%

Italy 942.9 7.2% 1 020.1 8.4% 77.2 8.2%

Romania 689.5 5.3% 631.7 5.2% -57.8 -8.4%

Poland 399.4 3.1% 460.5 3.8% 61.2 15.3%

Greece 510.5 3.9% 453.5 3.7% -57.0 -11.2%

France 438.8 3.4% 438.2 3.6% -0.7 -0.1%

Czech Republic 261.7 2.0% 271.1 2.2% 9.4 3.6%

Hungary 249.5 1.9% 264.9 2.2% 15.4 6.2%

Netherlands 264.6 2.0% 257.6 2.1% -7.0 -2.7%

Spain 271.5 2.1% 256.1 2.1% -15.4 -5.7%

Austria 241.4 1.9% 251.7 2.1% 10.3 4.3%

Great Britain 248.1 1.9% 243.4 2.0% -4.7 -1.9%

Belgium 200.5 1.5% 196.5 1.6% -4.0 -2.0%

Europe incl.:3 2 071.4 15.9% 1 493.7 12.2% -577.6 -27.9%

Russia 1 659.8 12.7% 1 076.4 8.8% -583.4 -35.2%

Ukraine 214.0 1.6% 193.1 1.6% -20.9 -9.8%

Switzerland 135.7 1.0% 146.6 1.2% 10.9 8.1%

Balkan countries incl.:4 1 048.4 8.1% 1 082.3 8.9% 33.9 3.2%

Turkey 708.2 5.4% 758.0 6.2% 49.8 7.0%

Serbia 183.5 1.4% 184.4 1.5% 0.9 0.5%

Macedonia 127.2 1.0% 109.6 0.9% -17.7 -13.9%

Americas incl.: 773.1 5.9% 632.2 5.2% -140.9 -18.2%

USA 249.2 1.9% 286.7 2.3% 37.5 15.0%

Chile 136.9 1.1% 109.7 0.9% -27.2 -19.8%

Peru 96.4 0.7% 76.6 0.6% -19.9 -20.6%

Asia incl.: 1 940.4 14.9% 1 920.8 15.7% -19.7 -1.0%

China 931.7 7.2% 944.0 7.7% 12.4 1.3%

Other countries 375.9 2.9% 239.5 2.0% -136.4 -36.3%


1For2015-finaldata,for2016-preliminarydataasof19.08.2016.Methodological notes for compilation of imports and exports of goods are pulished on the BNB web-site.2 By country of origin.3 Includes Russia, Switzerland, Ukraine, Gibraltar (Great Britain), Moldova, Belarus, Norway, Lichtenstein, Iceland, San Marino, Andorra, Faroe Islands and the Holy See.4 Includes Turkey, Serbia, Macedonia, Albania, Montenegro, Kosovo and Bosnia and Herzegovina.


84

6.9. INTERNATIONAL INVESTMENT POSITION(million EUR)

2015 2016

III VI IX XII III VI

Net International Investment Position1, 2 -30 928.4 -28 262.7 -27 593.4 -27 172.2 -25 944.1 -25 259.8Direct investment, net -37 625.7 -35 328.5 -36 125.0 -36 193.4 -36 258.1 -36 965.9Portfolio investment, net 750.3 -205.5 129.3 548.2 -653.0 -728.2Financial derivatives (other than reserves) and employee stock options, net -45.3 -20.1 -44.6 -30.5 -88.4 -84.1Other investment, net -12 971.2 -11 933.0 -11 686.9 -11 782.0 -10 304.6 -9 924.0Reserve assets 18 963.4 19 224.3 20 133.8 20 285.4 21 360.0 22 442.4

ASSETS 38 113.0 37 144.0 37 845.3 38 051.9 40 044.9 41 571.6

Direct investment 4 113.2 4 142.0 3 922.8 4 078.3 4 029.4 4 168.8Equity and reinvestment of earnings3 1 344.4 1 378.2 1 384.4 1 396.1 1 404.0 1 447.4Debt instruments4, 5 2 768.8 2 763.8 2 538.4 2 682.2 2 625.4 2 721.4

Portfolio investment6 6 012.6 4 763.3 4 670.0 5 050.1 5 019.2 4 919.0Equity and investment fund shares 1 281.4 1 230.7 1 201.4 1 406.5 1 318.1 1 250.5

Equity securities 530.9 484.1 468.2 543.1 507.9 546.2Investment fund shares 750.4 746.6 733.2 863.4 810.2 704.3

Debt securities 4 731.2 3 532.6 3 468.6 3 643.6 3 701.1 3 668.5Short-term 318.6 79.2 96.4 91.4 239.8 254.4Long-term 4 412.6 3 453.4 3 372.2 3 552.2 3 461.3 3 414.1

Financial derivatives (other than reserves) and employee stock options 65.5 49.9 38.6 46.8 35.2 32.9

Other investment 8 958.3 8 964.5 9 080.0 8 591.4 9 601.0 10 008.4Other equity 73.3 73.3 73.3 73.3 73.3 77.2Currency and deposits7 5 945.7 5 847.2 6 014.5 5 578.3 6 615.9 6 986.6

Central bank 0.0 0.0 0.0 0.0 0.0 0.0Other MFIs 4 085.6 3 878.3 4 039.6 3 569.7 4 575.7 4 942.2General government 138.1 159.1 139.1 100.5 11.1 15.2Other sectors 1 722.0 1 809.8 1 835.8 1 908.1 2 029.2 2 029.2

Financial corporations other than MFIs 125.1 143.5 120.4 86.9 115.5 115.5Non-financialcorporations,households,andnon-profitinstitutions serving households 1 596.9 1 666.3 1 715.3 1 821.2 1 913.6 1 913.6

Loans4 1 192.9 1 243.1 1 340.0 1 400.4 1 350.6 1 319.3Central bank 0.0 0.0 0.0 0.0 0.0 0.0Other MFIs 425.7 468.3 544.4 549.1 531.7 490.2General government 149.5 144.1 144.1 147.8 141.9 146.1Other sectors 617.6 630.7 651.4 703.5 677.0 683.1

Financial corporations other than MFIs 75.6 77.4 79.0 86.1 86.3 88.7Non-financialcorporations,households,andnon-profitinstitutions serving households 542.0 553.3 572.5 617.4 590.7 594.3

Trade credits and advances5 1 214.3 1 366.3 1 230.5 1 220.1 1 226.8 1 289.7Other accounts receivable 532.0 434.6 421.9 319.3 334.5 335.6

Reserve assets8 18 963.4 19 224.3 20 133.8 20 285.4 21 360.0 22 442.4Monetary gold 1 416.8 1 358.3 1 292.0 1 263.3 1 405.3 1 532.9Special drawing rights 784.2 768.8 766.4 776.4 756.9 770.6Reserve position in the IMF 43.7 42.9 42.7 43.3 121.4 123.6Other reserve assets 16 718.7 17 054.4 18 032.7 18 202.5 19 076.4 20 015.3

LIABILITIES 69 041.4 65 406.7 65 438.7 65 224.2 65 989.0 66 831.3

Direct investment 41 738.9 39 470.5 40 047.8 40 271.7 40 287.5 41 134.7Equity and reinvestment of earnings 26 702.0 26 882.5 27 806.5 28 003.6 28 051.7 28 592.8Debt instruments9, 10 15 036.9 12 588.1 12 241.3 12 268.1 12 235.8 12 541.9

Portfolio investment11 5 262.3 4 968.7 4 540.7 4 501.9 5 672.2 5 647.2Equity and investment fund shares 177.5 199.2 195.3 216.5 194.2 177.9

Equity securities 163.1 179.8 178.5 199.2 176.5 157.7Investment fund shares 14.5 19.4 16.9 17.3 17.7 20.2

Debt securities 5 084.8 4 769.5 4 345.4 4 285.4 5 478.0 5 469.3Short-term 0.0 42.1 6.7 20.0 20.0 7.4Long-term 5 084.8 4 727.4 4 338.7 4 265.4 5 458.0 5 461.9

Financial derivatives (other than reserves) and employee stock options 110.8 70.0 83.3 77.3 123.6 117.0

(continued)

85

6.9. INTERNATIONAL INVESTMENT POSITION(continued) (million EUR)

2015 2016


Other investment 21 929.5 20 897.5 20 766.9 20 373.4 19 905.6 19 932.4Currency and deposits6 5 270.2 4 194.7 4 280.2 4 108.0 3 793.3 3 808.6

Central bank 12.4 8.7 69.1 50.3 28.3 39.8Other MFIs 5 257.8 4 185.9 4 211.1 4 057.7 3 765.0 3 768.7General government 0.0 0.0 0.0 0.0 0.0 0.0Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Financial corporations other than MFIs 0.0 0.0 0.0 0.0 0.0 0.0Non-financialcorporations,households,andnon-profitinstitutions serving households 0.0 0.0 0.0 0.0 0.0 0.0

Loans 13 986.7 14 054.9 13 961.8 13 744.8 13 705.6 13 794.9Central bank 0.0 0.0 0.0 0.0 0.0 0.0Other MFIs12 0.0 0.0 0.0 0.0 0.0 0.0General government13 2 543.5 2 526.2 2 514.0 2 432.1 2 425.3 2 370.6Other sectors14 11 443.1 11 528.7 11 447.8 11 312.7 11 280.3 11 424.3

Financial corporations other than MFIs 1 843.0 1 903.2 1 891.7 1 903.7 1 854.7 1 811.6Non-financialcorporations,households,andnon-profitinstitutions serving households 9 600.2 9 625.4 9 556.1 9 409.0 9 425.6 9 612.7

Trade credits and advances10 1 636.6 1 604.9 1 489.8 1 498.1 1 385.0 1 310.1Other accounts receivable 252.7 275.2 269.6 247.0 265.7 249.1SDRs15 783.3 767.9 765.5 775.5 756.0 769.8

1 Preliminary data. The data are compiled in accordance with IMF 6-th edition of the Balance of Payments and International Investment Position Manual. The methodological notes on the compilation of the IIP data are published at the internet page of the BNB - www.bnb.bg

2 The EUR equivalent is calculated using e.o.p. exchange rates of the respective foreign currencies. 3 Data compiled in accordance with the Asset/Liability principle. Data are provided by direct investment companies reporting to BNB, Agency for Privatization, NSI, Central Deposi-tory, banks and others. The data include only banks’ data on reinvested earnings.

4OnthebasisofthereportssubmittedtotheBNBbytheenterpriseswithfinancialcreditsreceivedfromnon-residents.Due to quarterly reporting data are subject to revisions.

5 Data on trade credits and advances-assets (paid advances and receivables from suppliers), reported to the BNB are included in this item.Due to quarterly reporting data are subject to revisions.

6Securitiesissuedbynon-residentsandheldbyresidents.Sources:Onthebasisofmonthlybanks',insurancecompaniesandpensionfundsandothernon-bankfinancialinstitutionsreports and the quarterly reports of other investment intermediaries.

7 The sources for Other sectorsareBISdataandbalancesheetdataofotherfinancialinstitutions.DatatillMarch2016publishedinJuly2016havebeenused.8Includingmonetaryandnon-monetarygoldatmarketprices.Source:Issue Department of the BNB.9OnthebasisofthereportssubmittedtotheBNBbytheenterpriseswithfinancialcreditslenttonon-residents.

Due to quarterly reporting data are subject to revisions.10 Data on trade credits and advances-liabilities (received advances and payables to suppliers), reported to the BNB are included in this item.

Due to quarterly reporting data are subject to revisions. 11Source:CentralDepositoryAD.12Source:monthlybanks'reports.13Datasource:TheRegister of Government and Government-guaranteed Debt of the Ministry of Finance.

Debt liabilities of the public companies and the government guaranteed debt are excluded.14 Debt liabilities of the public companies and the government guaranteed debt are included.

Intercompany loans are excluded. Data comprise those credits (incl. revolving and intercompany lending) that are declared before the BNB and for which the BNB has received information.

15 Special drawing rights allocations, which comprise liabilities to the IMF.

Source: BNB.

86

6.10. GROSS EXTERNAL DEBT BY INSTITUTIONAL SECTOR1



І. General Government2 6 445.6 6 069.7 5 747.2 5 580.1 6 731.9 6 616.0Short-term 0.0 0.0 0.0 0.0 0.0 0.0

Loans 0.0 0.0 0.0 0.0 0.0 0.0Long-term 6 445.6 6 069.7 5 747.2 5 580.1 6 731.9 6 616.0

Bonds and Notes3 5 693.4 5 693.2 5 694.0 5 785.2 7 814.3 7 796.5Bonds and Notes held by residents4 -1 870.3 -2 212.9 -2 519.6 -2 741.3 -3 602.2 -3 651.0Loans 2 804.0 2 771.0 2 754.3 2 717.6 2 701.3 2 652.0Negotiable loans held by residents -181.5 -181.5 -181.5 -181.5 -181.5 -181.5

ІІ. Monetary Authorities 0.0 0.0 0.0 0.0 0.0 0.0

III. Banks5 5 130.0 4 143.0 4 166.5 4 126.4 3 854.4 3 878.6Short-term 3 977.1 3 046.1 3 088.9 3 066.6 2 771.9 2 887.6

Loans 1 192.5 267.6 287.4 314.5 251.3 257.7Currency and deposits 2 692.6 2 650.5 2 674.5 2 662.0 2 404.5 2 464.6Other debt liabilities 91.9 128.0 127.0 90.1 116.1 165.3

Long-term 1 152.9 1 097.0 1 077.6 1 059.8 1 082.5 991.0Bonds and Notes 120.1 120.1 120.1 120.1 120.1 120.1Loans 1 032.9 976.9 957.5 939.8 962.5 871.0

IV. Other Sectors6 11 829.4 11 760.4 11 728.3 11 731.7 11 422.5 11 582.5Short-term 4 673.3 4 831.0 4 817.8 4 812.7 4 761.8 4 712.0

Bonds and Notes 0.0 0.0 0.3 0.0 0.0 7.5Money Market Instruments 0.0 0.0 0.0 0.0 0.0 0.0Loans 3 374.0 3 531.6 3 518.2 3 513.4 3 462.5 3 405.2Trade credits 1 299.3 1 299.3 1 299.3 1 299.3 1 299.3 1 299.3Other debt liabilities 0.0 0.0 0.0 0.0 0.0 0.0

Long-term 7 156.1 6 929.5 6 910.5 6 919.0 6 660.8 6 870.6Bonds and Notes 1 027.7 1 029.7 1 033.8 1 158.1 1 122.7 1 102.7Loans 6 128.4 5 899.8 5 876.7 5 760.9 5 538.1 5 767.9

V. Direct investment: intercompany lending 16 006.1 13 618.1 12 728.3 12 650.3 12 778.6 12 813.5

GROSS EXTERNAL DEBT (I+II+III+IV+V) 39 411.1 35 591.3 34 370.3 34 088.5 34 787.4 34 890.7

Memo items:

Long-term external debt7 30 760.7 27 714.3 26 463.6 26 209.2 27 253.7 27 291.2Short-term external debt 8 650.4 7 877.0 7 906.7 7 879.3 7 533.6 7 599.5

Public sector external debt 6 952.2 6 530.6 6 190.6 6 001.4 7 132.2 7 504.1Private sector external debt 32 458.9 29 060.7 28 179.6 28 087.0 27 655.2 27 386.6

Revolving credits8 3 970.8 4 059.1 3 205.1 3 192.9 3 351.2 3 380.6Trade credits8, 9 2 510.9 2 510.9 2 510.9 2 510.9 2 510.9 2 510.9

Credits on demand8 8 235.4 7 178.3 7 116.5 7 107.2 7 110.8 7 102.9incl. intercompany loans 5 862.2 4 883.8 4 870.1 4 871.2 4 873.2 4 872.6incl.banks'loans 160.1 126.4 118.4 117.7 118.1 112.6

Allocations of SDR 783.2 767.8 765.4 775.4 755.9 769.7

1 Compiled in compliance with the External Debt Statistics, Guide for Compilers and Users, IMF 2003. Preliminary data. The Euro equivalent is calculated using the monthly e.o.p. exchange rates of the respective foreign currencies.

2Datasource:TheRegister of Government and Government-guaranteed Debt of the Ministry of Finance. Debt liabilities of the public companies and the government guaranteed debt are excluded.

3 The bonds, issued in the international markets and held by residents and domestically issued government seurities, held by non-residents are included.4 In accordance with the residence concept the bonds, issued by residents in the international markets and held by residents are subtracted from the external debt.5Datasource:Banks(incl.privateandstatebanks).Depositsrelatedtocontingentliabilitiesareexcluded.6 Datasource:Localindividualsandlegalentities(incl.stateownedcompaniesandgovernmentguaranteedloansfromtheRegister of Government and Government-guaranteed Debt

of the Ministry of Finance). Intercompany loans are excluded. Data comprise the credits (incl. revolving and intercompany lending) declared to the BNB and for which the BNB has received information.

7 In accordance with the External Debt Statistics, Guide for Compilers and Users, IMF 2003 p. 3.14 and p. 7.5 liabilities related to direct investment are included in the long-term debt.8 The data is included in the gross external debt stock of the country.9Duetothequarterlyreportingoffirmsdataaresubjecttorevisions.

Source: BNB.

87

6.11. GROSS EXTERNAL DEBT BY INSTRUMENTS1



Securities2 4 970.9 4 630.0 4 328.5 4 322.1 5 454.8 5 375.8

Loans3, 4 14 350.2 13 265.4 13 212.7 13 064.6 12 734.2 12 772.2

Trade credits 1 299.3 1 299.3 1 299.3 1 299.3 1 299.3 1 299.3

Deposits5 2 692.6 2 650.5 2 674.5 2 662.0 2 404.5 2 464.6

Other debt liabilities 91.9 128.0 127.0 90.1 116.1 165.3

Directinvestment:IntercompanyLending 16 006.1 13 618.1 12 728.3 12 650.3 12 778.6 12 813.5

Loans 14 793.0 12 405.0 11 515.2 11 437.2 11 565.5 11 600.4

Trade credits 1 211.6 1 211.6 1 211.6 1 211.6 1 211.6 1 211.6

Other Debt Liabilities 1.5 1.5 1.5 1.5 1.5 1.5

GROSS EXTERNAL DEBT 39 411.1 35 591.3 34 370.3 34 088.5 34 787.4 34 890.7

1 Compiled in compliance with the External Debt Statistics, Guide for Compilers and Users, IMF 2003.Preliminary data. The Euro equivalent is calculated using the monthly e.o.p. exchange rates of the respective foreign currencies.

2 The Bonds, issued by residents in the international markets and held by residents are included.securities, purchased by non-residents are included.3 The item includes government and government-guaranteed credits and loans of enterprises from the public and private sector. Intercompany loans are not included. 4Datasourceforthegovernmentandgovernment-guaranteeddebt:theRegister of Government and Government-guaranteed Debt of the Ministry of Finance. Data source for non-guaranteeddebt:BNB.Datacompriseonlythosecredits(incl.revolvingandintercompanylending)thataredeclaredtotheBNBandforwhichtheBNBhasreceivedinformation.

5Datasource:Banks(incl.privateandstatebanks).Depositsrelatedtocontingentliabilitiesareexcluded.

Source: BNB.

88

6.12. CURRENCY STRUCTURE OF THE GROSS EXTERNAL DEBT

( % )Gross external debt

Currency2015 2016


Euro 91.1 89.9 89.8 89.8 89.9 90.0

US Dollar 4.7 5.3 5.5 5.5 5.4 5.4

SDR 0.0 0.0 0.0 0.0 0.0 0.0

Other 4.2 4.8 4.7 4.7 4.7 4.6

TOTAL 100.0 100.0 100.0 100.0 100.0 100.0

General government

Currency2015 2016


Euro 95.7 95.6 95.4 94.8 95.1 95.1

US Dollar 0.2 0.2 0.2 0.2 0.1 0.1

SDR 0.0 0.0 0.0 0.0 0.0 0.0

Japanese Yen 2.6 2.5 2.7 2.7 2.3 2.6

Other 1.5 1.6 1.7 2.2 2.4 2.2

TOTAL 100.0 100.0 100.0 100.0 100.0 100.0

Banks

Currency2015 2016


Euro 86.1 80.5 81.2 81.0 79.7 79.8

US Dollar 5.4 7.3 7.5 7.5 8.1 8.0

Bulgarian Lev 7.4 10.8 10.1 10.2 11.0 10.9

Swiss Franc 0.3 0.1 0.1 0.1 0.1 0.1

Other 0.9 1.3 1.1 1.1 1.2 1.2

TOTAL 100.0 100.0 100.0 100.0 100.0 100.0

Other sectors

Currency2015 2016


Euro 89.5 89.2 89.3 89.6 90.2 90.6

US Dollar 6.3 6.4 6.4 6.3 6.2 5.9

Other 4.2 4.4 4.3 4.1 3.6 3.5

TOTAL 100.0 100.0 100.0 100.0 100.0 100.0

Direct Investment

Currency2015 2016


Euro 92.2 90.7 90.4 90.5 90.0 90.0

US Dollar 5.1 6.0 6.4 6.4 6.7 6.7

Other 2.7 3.3 3.2 3.1 3.3 3.3

TOTAL 100.0 100.0 100.0 100.0 100.0 100.0

Source: BNB.

89

6.13. GROSS EXTERNAL DEBT DISBURSEMENTS BY INSTITUTIONAL SECTOR1



I. General government2 2 062.4 79.0 15.8 35.6 2 192.8 1 291.1 133.9

Short-term 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Long-term 2 062.4 79.0 15.8 35.6 2 192.8 1 291.1 133.9

Bonds and notes 1 902.4 6.3 1.3 16.2 1 926.2 1 264.2 2.1

Bonds and notes held by residents3 10.0 36.2 11.5 1.4 59.0 15.6 131.2

Loans 150.0 36.5 3.0 18.0 207.5 11.3 0.6

II. Monetary authorities 0.0 0.0 0.0 0.0 0.0 0.0 0.0

III. Banks4 105.4 324.5 178.4 398.4 1 006.7 442.6 140.9

Short-term 100.1 239.7 152.1 354.1 846.1 307.6 135.8

Loans 0.4 2.3 44.1 55.6 102.5 61.5 0.0

Currency and deposits5 72.0 190.1 100.3 268.9 631.3 218.3 85.8

Other debt liabilities 27.8 47.3 7.7 29.5 112.3 27.7 50.0

Long-term 5.2 84.8 26.2 44.3 160.6 135.0 5.1

Bonds and notes 0.0 0.0 0.0 1.0 1.0 0.0 0.0

Loans 5.2 84.8 26.2 43.3 159.6 135.0 5.1

IV. Other sectors6 96.0 337.8 233.2 632.6 1 299.6 127.8 792.6

Short-term 30.1 68.8 37.1 223.7 359.8 32.5 69.0

Bonds and notes 0.0 0.0 0.3 0.0 0.3 0.0 16.6

Money market Instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Loans 30.1 68.8 36.9 223.7 359.5 32.5 52.4

Other debt liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Long-term 65.9 269.0 196.0 408.9 939.8 95.3 723.5

Bonds and notes 2.5 2.8 4.2 138.6 148.1 8.2 1.5

Loans 63.4 266.2 191.8 270.3 791.8 87.1 722.1

V. Direct investment: intercompany lending 321.0 447.0 478.9 366.6 1 613.6 330.4 503.3

GROSS EXTERNAL DEBT (I+II+III+IV+V) 2 584.8 1 188.3 906.3 1 433.2 6 112.6 2 191.9 1 570.7

Memo items:

Long-term external debt7 2 454.6 879.8 717.0 855.4 4 906.7 1 851.9 1 365.8

Short-term external debt 130.2 308.5 189.3 577.8 1 205.8 340.0 204.8

Public sector external debt 2 062.4 79.0 15.8 35.6 2 192.8 1 291.1 668.9

Private sector external debt 522.4 1 109.3 890.5 1 397.7 3 919.8 900.8 901.7

Revolving credits8 1 957.5 1 637.0 1 351.2 961.4 5 907.1 947.2 973.6

Trade credits8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

1 Compiled in compliance with the External Debt Statistics, Guide for Compilers and Users, IMF 2003. Actual disbursements. Preliminary data. The Euro equivalent is calculated using the monthly average exchange rates of the respective foreign currencies.

2Datasource:TheRegister of Government and Government-guaranteed Debt of the Ministry of Finance. Disbursements related to debt liabilities of the public companies and the government guaranteed debt are excluded.

3 The change of bonds ownership from residents to non-residents constitutes an increase of liabilities towards non-residents and is reported with a plus sign.4Datasource:Banks.5 Deposits connected with contingent liabilities are not included.6 Data comprise disbursements on those credits (excl. revolving and intercompany lending) that are declared to the BNB and for which the BNB has received information aswellasdisbursementsongovernmentguaranteedloans(source:The Register of Government and Government-guaranteed Debt of the Ministry of Finance).

7 In accordance with the External Debt Statistics, Guide for Compilers and Users, IMF 2003 p.3.14 and p. 7.5, disbursements related to direct investment are included in the long-term debt.

8 Not included in table Gross External Debt Disbursements by Institutional Sector.

Source: BNB.

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rnal

Deb

t Sta

tistic

s, G

uide

for C

ompi

lers

and

Use

rs, I

MF

2003

p.3

.14

and

p. 7

.5 d

ebt s

ervi

ce re

late

d to

dire

ct in

vest

men

t are

incl

uded

in th

e lo

ng-te

rm d

ebt.

9 Not

incl

uded

in ta

ble

Deb

t Ser

vice

by

Inst

itutio

nal S

ecto

r.

Sour

ce: B

NB

.

92

6.15

. OFF

ICIA

L R

ESE

RV

E A

SSE

TS

AN

D O

TH

ER

FO

RE

IGN

CU

RR

EN

CY

ASS

ET

S1

6.15

.1. S

EC

TIO

N I.

OFF

ICIA

L R

ESE

RV

E A

SSE

TS

AN

D O

TH

ER

FO

RE

IGN

CU

RR

EN

CY

ASS

ET

S (A

PPR

OX

IMAT

E M

AR

KE

T VA

LU

E)

(mill

ion

EUR

)20

1520

16

III

VІ

IXX

IIII

IV

І

A. O

ffici

al r

eser

ve a

sset

s 18

963

.419

224

.320

133

.820

285

.421

360

.022

442

.4

(1) F

orei

gn c

urre

ncy

rese

rves

(in

conv

ertib

le fo

reig

n cu

rren

cies

)216

718

.817

054

.418

032

.818

202

.519

076

.420

015

.3

(a) S

ecur

ities

11 7

43.1

13 0

50.7

12 6

99.1

13 4

15.4

14 0

85.8

15 0

66.7

of w

hich

: iss

uer h

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in re

port

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coun

try

but l

ocat

ed a

broa

d0.

00.

00.

00.

00.

00.

0

(b)totalcurrencyanddepositswith:

4 97

5.7

4 00

3.8

5 33

3.6

4 78

7.1

4 99

0.7

4 94

8.5

othe

r nat

iona

l cen

tral b

anks

, BIS

and

IMF

142.

013

1.7

135.

111

3.2

101.

987

.9

bank

s hea

dqua

rtere

d in

the

repo

rting

cou

ntry

0.0

0.0

0.0

0.0

0.0

0.0

of w

hich

: loc

ated

abr

oad

0.0

0.0

0.0

0.0

0.0

0.0

bank

s hea

dqua

rtere

d ou

tsid

e th

e re

porti

ng c

ount

ry4

833.

73

872.

15

198.

64

673.

94

888.

84

860.

6

of w

hich

: loc

ated

in th

e re

port

ing

coun

try

0.0

0.0

0.0

0.0

0.0

0.0

(2) I

MF

rese

rve

posi

tion

43.7

42.9

42.7

43.3

121.

412

3.6

(3) S

DR

s78

4.2

768.

776

6.3

776.

475

6.9

770.

6

(4) g

old

(incl

udin

g go

ld d

epos

its a

nd g

old

swap

ped3

1 41

6.8

1 35

8.3

1 29

2.0

1 26

3.3

1 40

5.3

1 53

2.9

volumeinmillionsoffi

netroyounces

1.3

1.3

1.3

1.3

1.3

1.3

(5) o

ther

rese

rve

asse

ts0.

00.

00.

00.

00.

00.

0

financialderivatives

0.0

0.0

0.0

0.0

0.0

0.0

loan

s to

nonb

ank

nonr

esid

ents

0.0

0.0

0.0

0.0

0.0

0.0

othe

r0.

00.

00.

00.

00.

00.

0

B. O

ther

fore

ign

curr

ency

ass

ets

113.

312

6.7

118.

411

8.9

123.

413

8.3

securitiesn

otincludedinofficialreserveassets

0.0

0.0

0.0

0.0

0.0

0.0

depositsnotincludedinofficialreserveassets

493

.610

7.9

100.

710

1.5

104.

311

7.5

loansn

otincludedinofficialreserveassets

0.0

0.0

0.0

0.0

0.0

0.0

financialderivativesnotincludedinofficialreserveassets

0.0

0.0

0.0

0.0

0.0

0.0

goldnotincludedinofficialreserveassets

19.7

18.8

17.7

17.4

19.1

20.8

othe

r0.

00.

00.

00.

00.

00.

0

1 Com

pile

d in

com

plia

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with

the

upda

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Gui

delin

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the

Dat

a Tem

plat

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Inte

rnat

iona

l Res

erve

s and

For

eign

Cur

renc

y Li

quid

ity (I

MF,

200

9),

IMF

6-th

edi

tion

of th

e Ba

lanc

e of

Pay

men

ts a

nd In

tern

atio

nal I

nves

tmen

t Pos

ition

M

anua

l (IM

F, 2

009)

and

the

Gui

delin

e of

the

Euro

pean

Cen

tral

Ban

k on

the

Stat

istic

al R

epor

ting

Requ

irem

ents

of t

he E

urop

ean

Cen

tral

Ban

k in

the

Fiel

d of

Bal

ance

of P

aym

ents

Sta

tistic

s, Th

e In

tern

atio

nal R

eser

ves T

empl

ate

and

Inte

rnat

iona

l Inv

estm

ent P

ositi

on S

tatis

tics (

ECB

/200

4/15

).2 F

orei

gn c

urre

ncy

rese

rves

dire

ctly

man

aged

by

the

BN

B.

3 The

gol

d is

val

ued

at th

e m

arke

t pric

e.

4 Cen

tral g

over

nmen

t dep

osits

with

loca

l ban

ks.

Sour

ce: B

NB

.

93

6.15

.2. S

EC

TIO

N II

. PR

ED

ET

ER

MIN

ED

SH

OR

T-T

ER

M N

ET

DR

AIN

S O

N F

OR

EIG

N C

UR

RE

NC

Y A

SSE

TS

(NO

MIN

AL

VAL

UE

)(m

illio

n EU

R)

Tota

l20

1520

16

III

VІ

IXX

IIII

IV

І

1. F

orei

gn c

urre

ncy

loan

s; se

curi

ties a

nd d

epos

its-1

456

.1-1

458

.3-1

042

.7-6

81.5

-487

.2-4

86.8

outflow

s(-)(P

rincipal)

-1 1

66.3

-1 1

73.7

-785

.1-3

94.7

-182

.2-1

83.4

outflow

s(-)(Interest)

-289

.9-2

84.6

-257

.6-2

86.8

-305

.1-3

03.4

inflows(+)(P

rincipal)

0.0

0.0

0.0

0.0

0.0

0.0

inflows(+)(Interest)

0.0

0.0

0.0

0.0

0.0

0.0

2. A

ggre

gate

shor

t and

long

pos

ition

s in

forw

ards

and

futu

res i

n fo

reig

n cu

rren

cies

vis

-a-v

is th

e do

mes

tic

curr

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(inc

ludi

ng th

e fo

rwar

d le

g of

cur

renc

y sw

aps)

0.0

0.0

0.0

0.0

0.0

0.0

3. O

ther

0.0

0.0

0.0

0.0

0.0

0.0

Mat

urity

bre

akdo

wn

(res

idua

l mat

urity

)20

1520

16

n<=1

III

VІ

IXX

IIII

IV

І

1. F

orei

gn c

urre

ncy

loan

s; se

curi

ties a

nd d

epos

its-1

5.8

-46.

1-1

5.6

-5.9

-15.

5-4

6.2

outflow

s(-)(P

rincipal)

-12.

0-0

.1-1

2.0

-0.1

-12.

0-0

.1outflow

s(-)(Interest)

-3.8

-46.

0-3

.6-5

.8-3

.5-4

6.1

inflows(+)(P

rincipal)

0.0

0.0

0.0

0.0

0.0

0.0


0.0

0.0

0.0

0.0

0.0

0.0

2. A

ggre

gate

shor

t and

long

pos

ition

s in

forw

ards

and

futu

res i

n fo

reig

n cu

rren

cies

vis

-a-v

is th

e do

mes

tic

curr

ency

(inc

ludi

ng th

e fo

rwar

d le

g of

cur

renc

y sw

aps)

0.0

0.0

0.0

0.0

0.0

0.0

3. O

ther

0.0

0.0

0.0

0.0

0.0

0.0

Mat

urity

bre

akdo

wn

(res

idua

l mat

urity

)20

1520

16

1<n<

=3II

IV

ІIX

XII

III

VІ

1. F

orei

gn c

urre

ncy

loan

s; se

curi

ties a

nd d

epos

its-6

4.0

-485

.2-4

69.8

-336

.1-7

0.8

-82.

8outflow

s(-)(P

rincipal)

-47.

4-4

12.7

-444

.4-2

37.5

-54.

9-2

4.1

outflow

s(-)(Interest)

-16.

5-7

2.5

-25.

4-9

8.6

-15.

9-5

8.7

inflows(+)(P

rincipal)

0.0

0.0

0.0

0.0

0.0

0.0


0.0

0.0

0.0

0.0

0.0

0.0

2. A

ggre

gate

shor

t and

long

pos

ition

s in

forw

ards

and

futu

res i

n fo

reig

n cu

rren

cies

vis

-a-v

is th

e do

mes

tic

curr

ency

(inc

ludi

ng th

e fo

rwar

d le

g of

cur

renc

y sw

aps)

0.0

0.0

0.0

0.0

0.0

0.0

3. O

ther

0.0

0.0

0.0

0.0

0.0

0.0

Mat

urity

bre

akdo

wn

(res

idua

l mat

urity

)20

1520

16

3<n<

=12

III

VІ

IXX

IIII

IV

І

1. F

orei

gn c

urre

ncy

loan

s; se

curi

ties a

nd d

epos

its-1

376

.4-9

26.9

-557

.3-3

39.6

-400

.9-3

57.8

outflow

s(-)(P

rincipal)

-1 1

06.8

-760

.9-3

28.7

-157

.1-1

15.3

-159

.2outflow

s(-)(Interest)

-269

.6-1

66.0

-228

.6-1

82.5

-285

.6-1

98.7

inflows(+)(P

rincipal)

0.0

0.0

0.0

0.0

0.0

0.0


0.0

0.0

0.0

0.0

0.0

0.0

2. A

ggre

gate

shor

t and

long

pos

ition

s in

forw

ards

and

futu

res i

n fo

reig

n cu

rren

cies

vis

-a-v

is th

e do

mes

tic

curr

ency

(inc

ludi

ng th

e fo

rwar

d le

g of

cur

renc

y sw

aps)

0.0

0.0

0.0

0.0

0.0

0.0

3. O

ther

0.0

0.0

0.0

0.0

0.0

0.0

Sour

ce: B

NB

.

94

6.15

.3. S

EC

TIO

N II

I. C

ON

TIN

GE

NT

SHO

RT-

TE

RM

NE

T D

RA

INS

ON

FO

RE

IGN

CU

RR

EN

CY

ASS

ET

S (N

OM

INA

L VA

LU

E)

(mill

ion

EUR

)

Tota

l20

1520

16

III

VІ

IXX

IIII

IV

І

1. C

ontin

gent

liab

ilitie

s in

fore

ign

curr

ency

-69.

4-6

6.1

-66.

9-6

7.9

-47.

1-6

7.8

(a) C

olla

tera

l gua

rant

ees o

n de

bt fa

lling

due

with

in 1

yea

r0.

00.

00.

00.

00.

00.

0(b

) Oth

er c

ontin

gent

liab

ilitie

s-6

9.4

-66.

1-6

6.9

-67.

9-4

7.1

-67.

82.

For

eign

cur

renc

y se

curi

ties i

ssue

d w

ith e

mbe

dded

opt

ions

(put

tabl

e bo

nds)

0.0

0.0

0.0

0.0

0.0

0.0

3.1

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raw

n or

unc

ondi

tiona

l cre

dit l

ines

pro

vide

d by

:0.

00.

00.

00.

00.

00.

03.

2 U

ndra

wn

or u

ncon

ditio

nal c

redi

t lin

es p

rovi

ded

to:

0.0

0.0

0.0

0.0

0.0

0.0

4. A

ggre

gate

shor

t and

long

pos

ition

s of o

ptio

ns in

fore

ign

curr

enci

es v

is-a

-vis

the

dom

estic

cur

renc

y0.

00.

00.

00.

00.

00.

0

Mat

urity

bre

akdo

wn

(res

idua

l mat

urity

, whe

re a

pplic

able

)20

1520

16

n<=1

III

VІ

IXX

IIII

IV

І

1. C

ontin

gent

liab

ilitie

s in

fore

ign

curr

ency

-13.

6-2

.5-1

.6-2

.5-1

.8-2

.5(a

) Col

late

ral g

uara

ntee

s on

debt

falli

ng d

ue w

ithin

1 y

ear

0.0

0.0

0.0

0.0

0.0

0.0

(b) O

ther

con

tinge

nt li

abili

ties

-13.

6-2

.5-1

.6-2

.5-1

.8-2

.52.

For

eign

cur

renc

y se

curi

ties i

ssue

d w

ith e

mbe

dded

opt

ions

(put

tabl

e bo

nds)

0.0

0.0

0.0

0.0

0.0

0.0

3.1

Und

raw

n or

unc

ondi

tiona

l cre

dit l

ines

pro

vide

d by

:0.

00.

00.

00.

00.

00.

03.

2 U

ndra

wn

or u

ncon

ditio

nal c

redi

t lin

es p

rovi

ded

to:

0.0

0.0

0.0

0.0

0.0

0.0

4. A

ggre

gate

shor

t and

long

pos

ition

s of o

ptio

ns in

fore

ign

curr

enci

es v

is-a

-vis

the

dom

estic

cur

renc

y0.

00.

00.

00.

00.

00.

0

Mat

urity

bre

akdo

wn

(res

idua

l mat

urity

, whe

re a

pplic

able

)20

1520

16

1<n<

=3II

IV

ІIX

XII

III

VІ

1. C

ontin

gent

liab

ilitie

s in

fore

ign

curr

ency

-2.0

-20.

1-4

.3-2

1.7

-9.7

-21.

9(a

) Col

late

ral g

uara

ntee

s on

debt

falli

ng d

ue w

ithin

1 y

ear

0.0

0.0

0.0

0.0

0.0

0.0

(b) O

ther

con

tinge

nt li

abili

ties

-2.0

-20.

1-4

.3-2

1.7

-9.7

-21.

92.

For

eign

cur

renc

y se

curi

ties i

ssue

d w

ith e

mbe

dded

opt

ions

(put

tabl

e bo

nds)

0.0

0.0

0.0

0.0

0.0

0.0

3.1

Und

raw

n or

unc

ondi

tiona

l cre

dit l

ines

pro

vide

d by

:0.

00.

00.

00.

00.

00.

03.

2 U

ndra

wn

or u

ncon

ditio

nal c

redi

t lin

es p

rovi

ded

to:

0.0

0.0

0.0

0.0

0.0

0.0

4. A

ggre

gate

shor

t and

long

pos

ition

s of o

ptio

ns in

fore

ign

curr

enci

es v

is-a

-vis

the

dom

estic

cur

renc

y0.

00.

00.

00.

00.

00.

0

Mat

urity

bre

akdo

wn

(res

idua

l mat

urity

, whe

re a

pplic

able

)20

1520

16

3<n<

=12

III

VІ

IXX

IIII

IV

І

1. C

ontin

gent

liab

ilitie

s in

fore

ign

curr

ency

-53.

8-4

3.5

-60.

9-4

3.7

-35.

6-4

3.5

(a) C

olla

tera

l gua

rant

ees o

n de

bt fa

lling

due

with

in 1

yea

r0.

00.

00.

00.

00.

00.

0(b

) Oth

er c

ontin

gent

liab

ilitie

s-5

3.8

-43.

5-6

0.9

-43.

7-3

5.6

-43.

52.

For

eign

cur

renc

y se

curi

ties i

ssue

d w

ith e

mbe

dded

opt

ions

(put

tabl

e bo

nds)

0.0

0.0

0.0

0.0

0.0

0.0

3.1

Und

raw

n or

unc

ondi

tiona

l cre

dit l

ines

pro

vide

d by

:0.

00.

00.

00.

00.

00.

03.

2 U

ndra

wn

or u

ncon

ditio

nal c

redi

t lin

es p

rovi

ded

to:

0.0

0.0

0.0

0.0

0.0

0.0

4. A

ggre

gate

shor

t and

long

pos

ition

s of o

ptio

ns in

fore

ign

curr

enci

es v

is-a

-vis

the

dom

estic

cur

renc

y0.

00.

00.

00.

00.

00.

0

Sour

ce: B

NB

.

95

6.15.4. SECTION IV. MEMO ITEMS

2015 2016

III VІ IX XII III VІ

(1) To be reported with standard periodicity and timeliness: (a) short-term domestic currency debt indexed to the exchange rate 0.0 0.0 0.0 0.0 0.0 0.0(b)financialinstrumentsdenominatedinforeigncurrencyandsettledbyother

means (e.g. in domestic currency) 68.5 67.1 67.1 67.9 49.9 50.5— nondeliverable forwards 0.0 0.0 0.0 0.0 0.0 0.0

— short positions 0.0 0.0 0.0 0.0 0.0 0.0— long positions 0.0 0.0 0.0 0.0 0.0 0.0

— other instruments1 68.5 67.1 67.1 67.9 49.9 50.5(c) pledged assets 0.0 0.0 0.0 0.0 0.0 0.0(d) securities lent and on repo 0.0 0.0 0.0 0.0 0.0 0.0(e)financialderivativeassets(netmarkedtomarket) 0.0 0.0 0.0 0.0 0.0 0.0(f) derivatives (forward; futures; or options contracts) that have a residual

maturity greater than one year which are subject to margin calls 0.0 0.0 0.0 0.0 0.0 0.0(2) To be disclosed less frequently:

(a) currency composition of reserves (by groups of currencies) 18 963.4 19 224.3 20 133.8 20 285.4 21 360.0 22 442.4— currencies in SDR basket2 18 962.2 19 223.6 20 132.9 20 284.5 21 359.9 22 442.2— currencies not in SDR basket 1.2 0.8 0.9 0.9 0.2 0.2

1 Securities issued for the structural reform (ZUNK).2 In accordance with par. 273 of the International reserves and foreign currency liquidity: guidelines for a data template, IMF, 2013, currencies in the SDR basket at the time of writing include the U.S. dollar, the euro, the Japanese yen, and the pound sterling. By convention, in the Reserves Data Template, gold and claims denominated in SDRs (including SDR holdings and reserve position in the IMF) are considered to be denominated in currencies in the SDR basket.

Source: BNB.

96

7. P

UB

LIC

FIN

AN

CE

7.1.

CO

NSO

LID

ATE

D F

ISC

AL

PRO

GR

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al se

curi

ty fu

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Rev

enue

and

gra

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9 09

6.7

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1 76

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6 59

6.6

6 89

2.1

4 67

9.5

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9.1

220.

528

5.3

1 69

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3 53

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241.

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-4.7

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253.

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Sour

ce: M

inis

try o

f Fin

ance

.

97

7.2. GOVERNMENT DEBT1



I. Domestic government debt 4 309.2 4 364.1 3 836.2 3 723.9 3 490.2 3 542.0

II. External government debt 7 935.3 7 892.9 7 879.5 7 889.7 9 861.1 9 804.5

I. Bonds 5 543.0 5 543.0 5 543.0 5 593.0 7 587.0 7 587.0

1. Bulgarian Eurobonds issued on ICM, maturing in 2017 950.0 950.0 950.0 950.0 950.0 950.0

2. Bulgarian Eurobonds issued on ICM, maturing in 2024 1 493.0 1 493.0 1 493.0 1 493.0 1 493.0 1 493.0

3. Bulgarian Eurobonds issued on ICM under the GMTN Programme, maturing in 2022 1 250.0 1 250.0 1 250.0 1 250.0 1 250.0 1 250.0

4.Bulgarian Eurobonds issued on ICM under the GMTN Programme, maturing in 2027 1 000.0 1 000.0 1 000.0 1 000.0 1 000.0 1 000.0

5. Bulgarian Eurobonds issued on ICM under the GMTN Programme, maturing in 2035 850.0 850.0 850.0 900.0 900.0 900.0

6. Bulgarian Eurobonds issued on ICM, maturing in 2023 - - - - 1 144.0 1 144.0

7. Bulgarian Eurobonds issued on ICM, maturing in 2028 - - - - 850.0 850.0

II. Government loans 2 392.3 2 349.8 2 336.5 2 296.7 2 274.1 2 217.5

Government debt, total 12 244.5 12 257.0 11 715.7 11 613.5 13 351.3 13 346.5

Total government debt/GDP (%)2 27.7 27.8 26.5 26.3 29.4 29.3

1 Debt at nominal value. Debt in euro is recalculated at the BNB central exchange rate for the respective foreign currencies by the end of the respective periods.2BasedonGDPdata:EUR44162millionfor2015(NSIdataasof2September2016)andEUR45474millionfor2016(NSIestimate).

Source: Ministry of Finance, Central Government Debt and Guarantees monthly bulletin.

98

7.3.

GE

NE

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GN86373millionfor2015(NSIprelim

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fSeptember2,2016)andBGN88939milionfor2016(BNBestimate).

Sour

ce: M

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try o

f Fin

ance

99

7.4.

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1 Pre

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2 Sou

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: BN

B, M

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7.5.

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101

7.7. GOVERNMENT SECURITIES PRIMARY REGISTRATION AND PAYMENTS

Number Volume (million BGN)

I - VI 2015 I - VI 2016 I - VI 2015 I - VI 2016

Total 509 579 809.2 1 488.3

1. Registration of government securities sold on an auction principle 81 47 500.0 500.0

2. Registration of reverse repurchased prior to maturity government securities through auctions 0 0 0.0 0.0

3. Principal and interest repayments of matured government securities, incl. 428 532 309.2 988.3

- principal 48 113 181.5 855.0

- interest 380 419 127.7 133.3

Notes:1. Government securities at nominal value.2. The lev equivalent of government securities in foreign currency is based on the BNB exchange rate of respective currencies on the day of registration.

Source: BNB.

7.8. GOVERNMENT SECURITIES TRANSACTIONS REGISTERED IN THE SECONDARY MARKET

Number Volume (million BGN)

I - VI 2015 I - VI 2016 I - VI 2015 I - VI 2016

Total 2 777 2 288 20 040.6 10 527.4

1. Repo agreements 1 036 1 244 8 723.4 6 475.3

2. Outright purcheses and sales 905 593 3 846.0 2 047.6

3. Transactions with and on behalf of customers 109 91 273.1 246.6

4.Blocking/unblockingofgovernmentsecurities,incl.: 727 360 7 198.1 1 757.9

- for securing budget-supported entites’ funds with commercial banks 724 359 7 185.3 1 754.9

- in case of registered pledges on government securities 3 1 12.8 3.0

Notes:1.The volume of transactions is at nominal value and includes transactions bothwith andwithout flow on cash settlement accounts inRINGS/TARGET2, concluded in

government securities issued under Ordinance No. 5 of the MF and BNB and structural reform government securities. 2. The volume and number of repo agreements include reverse repo agreements and those concluded during the current day.3. The lev equivalent of transactions in government securities denominated in foreign currency is recalculated using the BNB exchange rate of respective currencies on the day

of conclusion of the transaction.

Source: BNB.

7.6. GOVERNMENT SECURITIES AUCTIONS

Auction number Total nominal value of government securities issues Average bid-to-cover ratio

Average number of participants

I - VI 2015

I - VI 2016

I - VI 2015 I - VI 2016I - VI 2015 I - VI 2016 I - VI 2015 I - VI 2016million

BGNmillion EUR

million BGN

million EUR

Auctions for sale of government securities, incl. 7 3 500.0 - 500 - 3.04 1.60 12 12

short-term 1 - 200.0 - - - 2.99 - 12 -

medium-term 4 1 200.0 - 200 - 3.11 1.70 12 12

long-term 2 2 100.0 - 300 - 3.03 1.53 12 12

Source: BNB.

102

8. GENERAL ECONOMIC STATISTICS8.1. GROSS DOMESTIC PRODUCT

Indicators

First half of 2015 First half of 20161

Monetary terms current prices, (million BGN)

Monetary terms current prices, million BGN

Volume index2 First half of 2015 =

100, %

Implicitdeflators3 First half of 2015, %

Gross value added by economic sector (KID 2008) 33 407 34 705 102.8 101.9Agriculture and forestry 1 316 1 227 99.7 91.6Industry 9 827 10 195 101.3 103.8Services 22 263 23 282 103.6 101.6Adjustments (taxes less subsidies on products) 5 776 5 726 103.8 97.2

GDP by final use components 39 183 40 430 103.0 101.2Final consumption 31 744 31 753 101.1 99.1

Individual 28 409 28 685 102.1 99.5Collective 3 335 3 069 93.4 95.5

Gross capital formation 7 717 8 271 - -Grossfixedcapitalformation 7 777 7 745 100.4 98.7Change in inventories -59 526 - -

Balance(exports−imports) -278 406 - -Exports of goods and services 27 038 26 923 104.4 97.0Imports of goods and services 27 316 26 517 103.5 94.3

Statistical discrepancy 0 0 - -

1 Preliminary data as of 2 September 2016 compiled in accordance with ESA 2010.2 The growth rate is calculated by using chain-linked estimates of the GDP components based on average 2010 prices.3ThedeflatorsarecalculatedastheratioofcurrentpricesGDPestimateandpreviousyear'spricesGDPestimate.

Source: NSI.

8.2. CONSUMER PRICES' CHANGE(%)

PeriodOn the previous month On corresponding month of the previous year On December of the previous year

Consumer price index

Harmonised index of consumer prices





2015 January -0.4 -0.7 -1.0 -2.4 -0.4 -0.7February 0.2 0.1 -0.5 -1.7 -0.2 -0.6March 0.4 0.3 0.1 -1.1 0.2 -0.3April 0.7 0.5 0.5 -0.9 0.9 0.2May -0.2 0.0 0.9 -0.3 0.7 0.2June -0.9 -0.5 0.4 -0.6 -0.2 -0.3July -0.2 0.2 -0.2 -1.0 -0.3 -0.2August 0.0 0.1 0.0 -0.8 -0.3 -0.1September -0.1 -0.8 0.1 -1.0 -0.5 -0.9October 0.2 -0.2 -0.6 -1.2 -0.3 -1.0November -0.1 -0.3 -0.4 -0.9 -0.4 -1.3December 0.0 0.4 -0.4 -0.9 -0.4 -0.9

2016 January 0.0 -0.2 0.0 -0.4 0.0 -0.2February -0.3 -0.5 -0.5 -1.0 -0.3 -0.7March -0.7 -0.6 -1.5 -1.9 -1.0 -1.3April 0.0 -0.2 -2.2 -2.5 -1.0 -1.5May 0.0 0.0 -2.0 -2.5 -1.0 -1.5June -0.1 0.1 -1.3 -1.9 -1.1 -1.3

Source: NSI.

103

8.3. INDUSTRIAL PRODUCTION AND TURNOVER INDICES(%)

PeriodOn the previous month On corresponding month of the previous year On December of the previous year

Industrial Production Index1

Industrial Turnover Index





2015 January -7.0 -5.1 -0.1 3.7 -7.0 -5.1

February -1.8 -1.1 2.1 4.3 -8.7 -6.1

March 5.4 8.6 4.4 16.7 -3.7 1.9

April -1.2 0.6 1.6 6.8 -4.9 2.5

May -2.1 -4.9 4.0 1.5 -6.9 -2.5

June 6.3 4.2 7.4 2.7 -1.0 1.6

July 2.4 1.7 3.5 0.6 1.4 3.3

August -8.9 -8.7 4.0 -1.9 -7.7 -5.7

September 5.1 -1.5 0.9 -8.5 -3.0 -7.2

October 3.9 8.4 -0.2 -4.0 0.8 0.7

November 2.6 0.4 3.7 -0.5 3.4 1.1

December 0.1 0.3 3.5 1.4 3.5 1.4

2016 January -9.4 -7.0 0.8 -0.7 -9.4 -7.0

February 1.1 -2.6 3.9 -2.2 -8.3 -9.4

March 5.6 5.1 4.1 -5.4 -3.2 -4.9

April -3.9 -1.2 1.2 -7.1 -7.0 -6.0

May -5.2 -3.3 -2.1 -5.5 -11.9 -9.1

June 12.8 12.0 4.0 1.5 -0.5 1.7

1 Seasonally unadjusted data.

Source: NSI.

104

8.4.

PR

OD

UC

ER

PR

ICE

IND

ICE

S IN

IND

UST

RY

(%)

Perio

d

On

the

prev

ious

mon

thO

n co

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pond

ing

mon

th o

f the

pre

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Prod

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dex,

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mar

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pric

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on n

on-

dom

estic

mar

ket

2015

Janu

ary

-1.3

-0.9

-1.8

-2.9

-1.9

-4.8

-1.3

-0.9

-1.8

Febr

uary

1.4

0.7

2.8

-1.4

-1.2

-1.8

0.1

-0.3

0.9

Mar

ch1.

60.

63.

30.

5-0

.42.

21.

60.

44.

2A

pril

-0.7

-0.4

-1.2

-0.1

-0.6

0.7

1.0

-0.1

3.0

May

0.7

0.3

1.5

0.3

-0.4

1.6

1.6

0.2

4.6

June

-0.6

0.2

-2.1

-0.3

-0.3

-0.1

1.0

0.4

2.4

July

-0.5

-0.5

-0.3

-0.9

-0.7

-1.3

0.5

-0.2

2.0

Aug

ust

-2.0

-1.3

-3.1

-2.9

-1.8

-4.8

-1.4

-1.4

-1.2

Sept

embe

r-0

.2-0

.1-0

.5-3

.3-2

.1-5

.6-1

.6-1

.5-1

.6O

ctob

er-0

.7-0

.6-1

.1-4

.5-3

.8-5

.6-2

.3-2

.1-2

.7N

ovem

ber

-0.3

-0.6

0.2

-4.2

-3.8

-5.0

-2.6

-2.6

-2.5

Dec

embe

r-1

.0-0

.5-2

.0-3

.6-3

.2-4

.4-3

.6-3

.2-4

.4

2016

Janu

ary

-1.0

-0.7

-1.5

-3.3

-3.0

-4.1

-1.0

-0.7

-1.6

Febr

uary

-0.5

-0.4

-0.8

-5.1

-4.0

-7.4

-1.5

-1.1

-2.4

Mar

ch1.

20.

52.

6-5

.5-4

.0-8

.1-0

.4-0

.60.

1A

pril

-0.4

-0.4

-0.3

-5.2

-4.1

-7.3

-0.8

-1.0

-0.2

May

0.2

-0.1

1.0

-5.6

-4.4

-7.8

-0.5

-1.1

0.8

June

0.6

0.4

0.8

-4.4

-4.2

-5.0

0.1

-0.7

1.7

Sour

ce: N

SI.

105

8.5. EXPORT AND IMPORT PRICE INDICES BY COMPONENTS1

Components2015 2016


EXPORT

0 Food and live animals 102.1 102.9 98.1 98.2 99.9 98.9 96.4

1 Beverages and tobacco 104.8 106.6 106.8 104.2 105.5 104.0 100.0

2 Crude materials, inedible, except fuels 101.4 104.3 105.8 100.5 103.0 97.6 99.9

3 Mineral fuels, lubricants and related materials 75.9 86.2 74.1 65.0 75.5 71.3 83.5

4 Animal and vegetable oils, fats and waxes 108.9 108.9 116.2 112.1 111.4 101.1 101.6

5 Chemicals and related products, n.e.s. 100.6 99.7 105.7 103.0 102.2 99.3 100.7

6 Manufacturedgoodsclassifiedchieflybymaterial 101.6 103.5 96.7 93.0 98.8 93.3 94.5

7 Machinery and transport equipment 101.3 103.7 107.5 105.8 104.5 100.9 101.9

8 Miscellaneous manufactured articles 96.5 96.4 94.0 101.9 97.2 101.4 98.3

Total 97.6 99.7 97.0 94.9 97.3 95.8 96.8

IMPORT

0 Food and live animals 98.4 98.3 95.3 96.7 97.1 98.5 96.8

1 Beverages and tobacco 100.6 100.5 100.3 105.6 101.9 99.6 94.4

2 Crude materials, inedible, except fuels 101.1 96.2 91.9 85.5 93.9 93.3 90.3

3 Mineral fuels, lubricants and related materials 92.0 86.6 73.8 64.8 77.4 77.8 73.2

4 Animal and vegetable oils, fats and waxes 101.4 102.6 101.6 99.8 101.3 95.0 95.0

5 Chemicals and related products, n.e.s. 97.2 96.0 103.0 101.8 99.4 98.4 99.5

6 Manufacturedgoodsclassifiedchieflybymaterial 101.9 101.0 96.9 95.2 98.7 94.7 94.6

7 Machinery and transport equipment 101.3 106.4 105.4 102.9 103.9 95.0 98.1

8 Miscellaneous manufactured articles 105.2 102.8 106.3 105.6 105.0 92.0 87.3

Total 99.9 99.9 97.9 95.0 98.1 94.3 94.3

1 Based on the annual average prices for the previous year. The 2016 data are preliminary and are subject to revision.

Source: NSI.

8.6. UNEMPLOYMENT

Unemployed registered at the end of the month (number) Per cent

of the labour force (total)

Total

Youths up to 29 years inclusive Adults

2015 January 363 964 59 775 304 189 11.1February 361 176 59 168 302 008 11.0March 361 511 58 862 302 649 11.0April 350 318 54 924 295 394 10.7May 331 846 50 630 281 216 10.1June 315 701 47 781 267 920 9.6July 309 781 47 354 262 427 9.4August 306 821 46 840 259 981 9.3September 302 775 46 197 256 578 9.2October 312 915 48 739 264 176 9.5November 324 060 50 007 274 053 9.9December 328 921 49 886 279 035 10.0

2016 January 334 570 51 153 283 417 10.2February 329 610 47 599 282 011 10.0March 324 309 41 349 282 960 9.9April 305 162 37 549 267 613 9.3May 286 246 33 979 252 267 8.7June 274 276 32 510 241 766 8.4

Source: Employment Agency.

106

8.7. EMPLOYED UNDER LABOUR CONTRACT1

Payroll number2 Change on previous month (%)

Total for the economy Total for the economy

Public sector Private sectorAgriculture, forestry and fishery

Industry Services

2015 January 2 229 993 550 871 1 679 122 1.2 2.2 1.7 0.9February 2 233 554 551 479 1 682 075 0.2 1.2 0.1 0.1March 2 229 584 546 486 1 683 098 -0.2 5.4 -0.2 -0.5April 2 244 281 545 409 1 698 872 0.7 2.9 0.6 0.6May 2 281 838 547 087 1 734 751 1.7 2.5 0.2 2.4June 2 310 483 545 998 1 764 485 1.3 1.7 0.1 1.8July 2 322 495 544 110 1 778 385 0.5 -0.2 0.2 0.7August 2 303 813 541 986 1 761 827 -0.8 -0.9 -0.2 -1.1September 2 271 547 548 117 1 723 430 -1.4 0.0 0.1 -2.2October 2 244 309 543 377 1 700 932 -1.2 -3.7 -0.2 -1.5November 2 235 816 540 565 1 695 251 -0.4 -4.1 -0.2 -0.3December 2 220 733 538 819 1 681 914 -0.7 -3.8 -1.2 -0.3

2016 January 2 261 900 539 943 1 721 957 1.9 -1.8 1.4 2.3February 2 271 930 544 133 1 727 797 0.4 4.5 0.1 0.4March 2 280 103 545 734 1 734 369 0.4 9.5 -0.2 0.2April 2 306 165 548 435 1 757 730 1.1 5.0 0.3 1.4May 2 329 540 548 460 1 781 080 1.0 5.0 -0.1 1.3June 2 356 590 546 345 1 810 245 1.2 -1.2 0.2 1.7

1 Preliminary data.2 Payroll number as of the last working day of the month.

Source: NSI.

8.8. AVERAGE MONTHLY SALARY OF EMPLOYED UNDER LABOUR CONTRACT1 (BGN)

Total for the economy

Sectors by type of ownership Economic sectors

Public sector Private sector Agriculture, forestryandfishery Industry Services

2015 January 856 896 842 667 771 908February 839 851 835 669 770 883March 882 901 875 705 817 923April 897 940 883 713 805 954May 873 914 859 685 808 916June 868 897 859 730 818 900July 879 926 865 760 814 918August 858 874 852 708 806 891September 885 933 870 784 829 919October 902 987 875 723 822 953November 905 938 894 750 836 948December 937 1 023 908 770 855 986

2016 January 917 961 903 725 829 970February 904 905 904 734 831 949March 943 941 944 782 881 983April 962 999 950 760 873 1 018May 942 972 932 736 871 988June 936 954 930 823 884 967

1 Preliminary data.

Source: NSI.

107

9. STATISTICS OF THE ISSUED BANKNOTES AND COINS9.1. DENOMINATION COMPOSITION OF THE ISSUED BANKNOTES1

(BGN’000)

Denominations 31.03.2015 30.06.2015 30.09.2015 31.12.2015 31.03.2016 30.06.2016

Banknotes, total 13 087 418 12 773 996 14 499 736 15 205 279 15 928 484 16 205 242

New issues2 13 079 686 12 766 265 14 492 005 15 197 547 15 916 641 16 193 401

100 levs 4 030 813 4 030 756 5 687 280 5 646 413 5 596 283 5 562 439 50 levs 4 594 016 4 508 880 4 687 712 4 687 709 5 628 086 5 924 930 20 levs 3 107 870 2 965 663 2 875 483 3 445 557 3 358 616 3 289 269 10 levs 1 065 622 997 959 946 640 1 134 963 1 086 600 1 016 838 5 levs 143 933 130 040 167 004 154 710 135 389 293 394 2 levs 133 314 128 851 123 770 124 081 111 667 106 532 1 lev 4 118 4 117 4 116 4 115 0 0

Old issues3 7 731 7 731 7 731 7 731 11 843 11 842

1 Banknotes in and outside BNB vaults as at the particular data.2 Issues after 5 July 1999.3 Issues before 5 July 1999, out of circulation accepted for exchange.

Source: BNB.

9.2. DENOMINATION COMPOSITION OF THE ISSUED COINS1

(BGN’000)

Denominations 31.03.2015 30.06.2015 30.09.2015 31.12.2015 31.03.2016 30.06.2016

Coins in circulation, total 238 402 240 754 247 604 273 985 287 941 291 671

New issues2 238 394 240 747 247 597 273 977 287 933 291 663

2 levs - - - 24 106 24 106 24 106 1 lev 106 619 106 619 111 619 111 619 121 619 121 619

50 stotinkas 46 601 47 753 47 753 49 253 51 253 52 753 20 stotinkas 36 792 36 792 37 592 37 992 38 992 39 992 10 stotinkas 22 987 23 487 23 987 23 987 24 267 24 987 5 stotinkas 10 473 10 973 10 973 11 123 11 523 11 523 2 stotinkas 9 401 9 501 9 801 10 001 10 201 10 561 1 stotinka 5 521 5 621 5 871 5 895 5 971 6 121

Old Issues3 8 8 8 8 8 8

Commemorative coins2 7 282 7 282 7 342 7 542 7 572 7 606

1 Coins in circulation and commemorative coins in and outside BNB vaults as at the particular data.2 Issues after 5 July 1999.3 Issues before 5 July 1999, out of circulation accepted for exchange.

Source: BNB.

contents · 2019. 4. 20. · interest rates and volumes of new business on loans to non-financial...

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