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News: Bulgaria>> 5 banks sitting on over 60% of Bulgarian retail deposits
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5 banks sitting on over 60% of Bulgarian retail deposits
Finances: Wednesday, 2008-06-04 02:12
Article by: Dnevnik.bg
Some 62% of Bulgarian retail deposits were in the custody of five of the nation`s banks by the end of April, shows data of the central bank.
The top five banks in terms of assets - UniCredit Bulbank, DSK Bank, UBB, Raiffeisenbank (Bulgaria) EAD and Postbank, managed 12.6 bln levs in household deposits by the end of the review period.
The total domestic retail deposit base stood at 20.3 bln levs, up 31% over the past year.
The data released by the central bank did not indicate the market share of each of the banks.
Intense competition has lifted deposit rates to 9-12% in the past couple of months.
In December 2007, the rate on time deposits denominated in the local currency reached 4.54%, a fresh peak after the introduction of the currency board, the central bank said in its latest economic overview.
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- Dragalevski monastery near Sofia
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- Exchange Rates of Foreign Currencies against Bulgarian Lev on 2010-02-08
- Bulgaria Weather Outlook for the period February,10, 2010 - February, 15, 2010
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