The savings banks continued to grow quickly during the early years of the twentieth century. In 1905, the number of savings books issued reached 26,190. During the same year, the total amount of money deposited was 18,032,022 francs, made through 198,876 separate payments. These numbers clearly show that more people were using savings banks and trusting them with their money.
When these figures are compared with those from previous years, the rapid development becomes even clearer. In 1903, only 17,786 savings books were issued, and the total deposits amounted to 10,446,333 francs. In 1904, the figures increased to 24,090 books and 14,866,737 francs in deposits. Over just two years, the number of savings books increased by 8,404, while the total amount deposited grew by 7,585,689 francs. This strong growth reflects rising public confidence in the savings bank system Bulgaria Tours.
Investment in State Securities
The law regulating savings banks allowed them to invest money on behalf of their clients in State securities. This policy helped protect depositors’ funds while also supporting the national economy. At the beginning of 1904, savings banks had invested 8,124,500 francs in government bonds. These investments consisted of 16,249 bonds, each worth 500 francs, issued under the 6 percent mortgage loan of 1892.
During the same year, the savings banks invested an additional 800,000 francs in these State securities. As a result, the total capital invested in government bonds increased steadily. At present, the amount invested in State securities has reached approximately 15,424,500 francs, showing a cautious and responsible investment strategy.
Total Capital of the Savings Banks
The total capital held by the savings banks is estimated at around 34,000,000 francs. This large sum demonstrates the financial importance of these institutions and their growing role in the country’s economic life.
Social Profile of Depositors
Official statistics also provide valuable information about the social condition of savings bank clients. About 75.87 percent of depositors, or 117,207 people, are men. Among them, 49.21 percent are married, while the rest are unmarried. Women depositors number 37,314, representing 24.23 percent of all clients. Most of these women, about 58.94 percent, are married, with the remainder being single.
Age and Representation of Depositors
Regarding age, about 70 percent of depositors are adults, while 30 percent are minors. Nearly 87 percent of depositors act on their own behalf, while 13 percent deposit money for third parties, mainly children. These figures show that savings banks served a wide range of society and played an important role in family and long-term financial planning.