Household deposits continue to be the biggest resource available to the local banks, accounting for 36 per cent of borrowed capital in the banking system, end-July industry balance sheet data from the central bank showed.

In July, Bulgarian households deposited a further 480 million leva to bring their deposits to 21.3 billion leva at the end of the month.

Corporate deposits added 538 million leva in a month to reach 20.5 billion leva. Those two segments increased the size of borrowed funds by a monthly 1.6 per cnet. Their month-on-month growth rate is close to that of banking assets.

The balance sheet assets of the banks rose 1.8 per cent in July to 66.9 billion leva. The banking assets have increased by 37.9 per cent, or 18.4 billion leva, in the past year.

Five of the biggest local banks managed over half of the sector's assets at the end of July and maintained a market share of 57.5 per cent.

Loans and receivables, including from financial leasing, rose to 52.8 billion leva or 79 per cent of the sector's balance sheet.

Corporate loanz increased 2.9 per cent month-on-month to 30.1 billion leva while retail exposures added 3.7 per cent to just over 16 billion leva. The year-on-year growth of the corporate and household portfolios is 52.4 per cent.

End-July profit of the banking sector rose 38.2 per cent year-on-year to 842 million leva.

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