Citizens in May withdrew 67 million euros from banks


Last month, citizens withdrew 67 million euros from banks, and deposits have decreased by 22 million euros, says the recent data from the National Bank.

Unlike citizens, who have continued the trend of withdrawing money from banks, firms and business’s are returning money back to the banks. In May they deposited 29.6 million euros back into the banking system.

A month ago, Governor Dimitar Bogov said that the withdrawal of deposits had nearly stopped, and the situation was stabilized.

In April, citizens withdrew a record number of 58.5 million euros ($3.6 billion US dollars) from banks, which is 1.6 percent of total deposits of the population, as a response to the speculations concerning the alleged devaluation of the euro and the artificial crisis created for foreign currency and the currency exchange market.

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