Household deposits in Bulgaria’s banking system reached BGN 94.39 billion at the end of July 2025, according to Bulgarian National Bank (BNB) data. This marks a 12.2% annual increase, compared to BGN 84.13 billion a year earlier. In June, growth was slightly lower at 11.2%, reports pariteni.bg.
BNB notes that household and NPISH deposits equal about 43% of the country’s projected GDP. Other segments also show growth: deposits of non-financial companies rose 7.8% year-on-year to BGN 48.05 billion, while financial firms’ deposits reached BGN 3.8 billion, up 14.1% (though slower than June’s 30.5%).
Total deposits of the non-government sector climbed to BGN 146.23 billion, or 66.6% of GDP, with annual growth at 10.8%. Analysts see this as a sign of cautious consumer behavior amid economic uncertainty and ahead of eurozone accession. BNB expects deposit growth could reach 15.7% by end-2025, as households and businesses channel spare funds into banks to ensure smoother euro conversion.
Experts warn, however, that the high share of savings in deposits also reflects weak appetite for riskier investments, limiting potential for productive growth despite banking stability.
