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As of November 30, the profit of the banking system was BGN 1.9 billion, BGN 570 million (43.1 percent) more than the one reported for the eleven months of 2021, reports the Bulgarian National Bank.

In November, the banking system's assets increased by BGN 199 million (0.1 percent) to BGN 151.2 billion. The liquidity coverage ratio as of November 30 was 260.2 percent (compared to 253.5 percent at the end on October).

The size of the liquidity buffer is BGN 39.7 billion, and net outflows – BGN 15.3 billion (respectively BGN 38.4 billion and BGN 15.1 billion at the end of October) .

The gross credit portfolio of the banking system increased in November by BGN 1.1 billion (1.3 percent) to BGN 85.7 billion. Compared to the end of October, loans to non-financial enterprises and those to households grew by BGN 635 million respectively. BGN (1.4 percent) and BGN 413 million (1.2 percent).

Loans to the public administration sector (by BGN 33 million, 3.3 percent) and those to other financial enterprises (by BGN 30 million, 0.5 percent) also increased.

Interest rates on loans may double by the end of 2023.

At the end of November, deposits in the banking system amounted to BGN 130.1 billion, increasing by BGN 34 million (0.03 per cent) compared to the end of October.

Deposits of households increased by BGN 482 million (0.7 percent), and those of other financial enterprises - by BGN 464 million (12.2 percent).

Deposits of credit institutions (by 570 million BGN, 6.9 percent), of non-financial enterprises (by 336 million BGN, 0.8 percent), as well as of the public administration sector (by 5 million BGN) decreased ., 0.1 percent). 

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