Declining interest rates on deposits in 2009 in Bulgaria

Wednesday, February 3rd, 2010

Average interest rates for deposits in Bulgaria decline on 2009The interest rates in retail bank deposits ended the last year (2009) with decrease. The deposit expansion in both volume and interest rates on the Bulgarian retail market seems to have come to an end. Deposit interest rates are falling since the middle of 2009 from 8.16% in the beginning of the year to 7.5% in December (both market average for BGN deposits). The interest rates for EUR deposits are respectively dropping from 6.31% to 6.16%.