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Bulgarians are 12% richer than last year
Bulgaria · Economic News
Household Wealth Grows 12% Year-on-Year
The financial wealth of households increased 12% on an annual basis, reaching almost 41.8 billion BGN at the end of June 2012, according to Unicredit Bulbank’s quarterly report.
Total wealth
41.8 bln BGN
+12% year-on-year, end of June 2012
Q2 increase
~945 mln BGN
Driven mainly by bank deposits
Bank deposits
32.4 bln BGN
+14% year-on-year, end of June
Debt trend
Debt Falling Faster Than Wealth Is Rising
Debt Falling Faster Than Wealth Is Rising
While financial wealth rises, debt is diminishing at a higher rate. As a result, the coefficient measuring indebtedness levels (debt to financial assets) drops to 49%.
Read more at economy.bg.