Strong Start To Bulgarian Credit Growth In 2024
Banking & Financial Services / Bulgaria / Thu 16 May, 2024
Key View
- We have lifted our end-2024 forecast for Bulgarian client loan growth from 8.0% y-o-y to 10.0% as monthly loan growth continued to accelerate in Q124.
- Growth will be underpinned by lending to the household sector, as Bulgarian banks continue to offer loans at a discount to the BNB policy rate, due to ample liquidity.
- Nonetheless, we expect