/View info/ BGN 4478 was the average size of a deposit in the banking system in our country last year. For comparison in 2010 we have approximately BGN 3,638 on deposit.
This means that the average amount of a deposit increases by 23% on an annual basis, it is clear from a report on the activities of the Bank Deposit Guarantee Fund for 2011. Currently, by law, the deposit guarantee in case of bank bankruptcy is 196 thousand BGN for one person in one bank, regardless of their number and size. The data also show that the amount of guaranteed deposits at the end of last year amounted to 46.3 billion. BGN, which is an increase of 14% on an annual basis. The total number of deposits covered by the system is over 10.35 million or 8 percent less than the previous year.
It is also clear from the report that most deposits in the banking system are up to the guaranteed amount of 196 thousand. BGN These are 10.33 million deposits. The total amount under them amounts to 28.9 billion. BGN Deposits that exceed the amount guaranteed by law are just over 18 thousand.
However, the funds held on them amount to an impressive 17.4 billion. BGN 26 Bulgarian banks make annual contributions to the Deposit Guarantee Fund. Thus, a resource is provided that will go to guarantee the depositors in case of bankruptcy of one of the financial institutions. Last year, the treasuries contributed a total of 195.4 million. BGN For comparison in 2010 the amount paid by them was 179.8 million BGN The increase is due to the growth of the deposit base. The reason is that the contributions made by the banks represent 0.5 percent of the total amount of the deposit base for the previous year, determined on an average daily basis.
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**PAA:** Given the 23% increase in average deposit size in Bulgaria between 2010 and 2011, how might this growth impact the stability of the Bulgarian banking sector in the long term, considering potential risks and benefits?
## World Today News: The State of Depositsウイルス in Bulgaria
**Welcome to World Today News, where we delve into the latest economic trends impacting your lives.**
Today, we’re joined by two esteemed guests to discuss a recent report from the Bank Deposit Guarantee Fund highlighting the evolving landscape of deposits in Bulgaria:
* **Dr. Maria Ivanova**: A leading economist specializing in Bulgarian banking and financial markets.
* **Mr. Stefan Georgiev**: A financial advisor with extensive experience guiding individuals on personal finance strategies.
**Section 1: The Growing Deposit Base**
* **Interviewer**: Dr. Ivanova, the report highlights a 23% increase in average deposit size between 2010 and 2011. What factors do you believe have contributed to this significant growth?
* **Interviewer**: Mr. Georgiev, from a consumer perspective, what are your thoughts on this trend? Does it reflect growing financial security among Bulgarians, or are there other underlying motivators?
* **Interviewer**: Dr. Ivanova, this growth in deposits also coincides with an increase in bank contributions to the Guarantee Fund. Is this a positive sign for the stability of the Bulgarian banking sector, or are there potential concerns we should be aware of?
**Section 2: The Guarantee System**
* **Interviewer**: The current guarantee limit stands at BGN 196,000 per person per bank. Mr. Georgiev, how does this limit affect the financial planning strategies of your clients who hold deposits above this threshold?
* **Interviewer**: Dr. Ivanova, what are the implications of the fact that the majority of deposits in Bulgaria fall under the guaranteed limit? Does this indicate a strong level of trust in the banking system, or could it potentially lead to complacency in terms of diversification?
* **Interviewer**: The report also mentions a decrease in the total number of guaranteed deposits. Does this suggest a consolidation trend within the banking sector, and what potential consequences might this have on competition and consumer choice?
**Section 3: The Future of Savings**
* **Interviewer**: Mr. Georgiev, in light of the economic uncertainties facing the global community, what advice would you give to Bulgarians looking to build and protect their savings in the current climate?
* **Interviewer**: Dr. Ivanova, what do you foresee as the key challenges and opportunities for the Bulgarian banking sector in the coming years, particularly regarding deposit trends and the role of the Guarantee Fund?
**Closing Remarks:**
**Interviewer**:
Thank you both for sharing your valuable insights with us today. This discussion sheds light on the dynamic nature of the Bulgarian financial landscape and the importance of informed decision-making for individuals and institutions alike. We encourage our viewers to continue exploring these topics further and to stay informed about the evolving economic environment.
