Share

Text size

Bulgarian National Radio © 2025 All Rights Reserved

Bulgarians are putting money into banks en masse before expected euro adoption

In September alone, citizens deposited a total of 318 million euros

published on 10/28/25 9:12 AM

Photo: BGNES

The Bulgarian National Bank reports a sharp increase in new household deposits. The growth in euro deposits is impressive. In just one month, amounts worth 334 million leva (over 161 million euros) were placed in deposit accounts. This is 57% more than in August and 26% more than in September 2024.

People are also rushing to deposit the Bulgarian leva they hold in cash. This will make it easier for them to exchange it into euros, as banks will do it automatically on January 1, without fees. In September, 325 million leva (157 million euros) were deposited into banks by households, which is 27% more than in September 2024. This process has intensified since the beginning of June, when Bulgaria received positive reports about entering the eurozone. Then the banks temporarily abolished the lev deposit fees.

As the lev deposits in banks increase, the interest rates for the national currency decrease. If a year ago the average yield was over 1% per year, now it is 0.8%. For euro accounts, the interest rates are higher - in September the average annual interest rate is 1.31%.

Edited by Ivo Ivanov
English publication: R. Petkova

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Bulgarian citizens bank deposits Bulgarian National Bank deposits

More from category

Rheinmetall has signed a deal to build a munitions plant in Sopot, Bulgaria

The Bulgarian government and the German defence group Rheinmetall have signed an agreement in Sofia to build a gunpowder and 155 mm artillery shell factory at the state-owned Vazov Machine Building Works (VMZ) in Sopot. The deal was signed by..

published on 10/28/25 1:43 PM

20 projects in 9 areas to be implemented by Bulgarian and Chinese universities

Bulgaria and China have agreed to further strengthen their cooperation in the field of science, technology and innovation at a high level, as well as in academic exchange. This happened during the Eighteenth Session of the Commission for Scientific and..

published on 10/28/25 11:40 AM

Bulgarian Embassy in USA hosts reception for the oldest Jewish organization B'nai B'rith

The Embassy of Bulgaria in Washington hosted a reception for the Board of Executive Directors of the oldest Jewish organization "B'nai B'rith" . This was announced by the diplomatic mission on Facebook . The organization’s CEO..

published on 10/28/25 11:20 AM

1
2
3
4
5
6
..
10

WEATHER

Pick city: Sofía

Partly Cloudy
Min: 1 | Max: 16

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

MOST VIEWED

Bulgaria expects to be removed from the FATF Grey List

By mid-2026, Bulgaria should be removed from the Financial Action Task Force (FATF) “grey list” of countries with deficiencies in its anti-money..

published on 10/27/25 9:01 AM

Strong earthquake in western Turkey felt in southern Bulgaria

An earthquake with a 6.1 magnitude on the Richter scale hit Western Turkey at 22.48 hours last night. There were over 40 aftershocks after the..

published on 10/28/25 9:42 AM

Young bears from Ukraine have found shelter in Bulgaria

Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in..

published on 10/27/25 11:32 AM

shopify analytics ecommerce
tracking