Central Cooperative Bank

CCB's net profit rose 44.3% to BGN 37.3 mil in 2017

By Helgi Library - September 2, 2018

Central Cooperative Bank made a net profit of BGN 37.3 mil under revenues of BGN 207 mil in 2017, up 44.3% and 3.35% respectively com...

CCB's total revenues rose 3.35% to BGN 207 mil in 2017

By Helgi Library - September 20, 2018

Central Cooperative Bank generated total banking revenues of BGN 207 mil in 2017, up 3.35% compared to the previous year. ...

CCB's customer deposits rose 9.01% to BGN 4,859 mil in 2017

By Helgi Library - September 23, 2018

Central Cooperative Bank's customer deposits reached BGN 4,859 mil in 2017, up 9.01% compared to the previous year. Bulgarian b...

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CCB's customer loans rose 2.54% to BGN 2,215 mil in 2017

By Helgi Library - September 23, 2018

Central Cooperative Bank's customer loans reached BGN 2,215 mil in 2017, up 2.54% compared to the previous year. Bulgarian banking sector provided customer loans of BGN 59.7 bil in 2017, up 6.73% when compared to the last year. Central Cooperative Bank ac...

CCB's corporate deposits rose 18.7% to BGN 1,245 mil in 2017

By Helgi Library - September 23, 2018

Central Cooperative Bank's corporate deposits reached BGN 1,245 mil in 2017, up 18.7% compared to the previous year. Bulgarian banking sector accepted corporate deposits of BGN 22.0 bil in 2017, up 13.8% when compared to the last year. Central Cooperative...

CCB's retail deposits rose 5.79% to BGN 3,591 mil in 2017

By Helgi Library - September 23, 2018

Central Cooperative Bank's retail deposits reached BGN 3,591 mil in 2017, up 5.79% compared to the previous year. Bulgarian banking sector accepted retail deposits of BGN 47.8 bil in 2017, up 5.40% when compared to the last year. Central Cooperative Bank ...

CCB's branches rose 1.63% to 311 in 2017

By Helgi Library - September 22, 2018

Central Cooperative Bank employed 2,152 persons in 2017, down 7.08% compared to the previous year. Historically, the bank's workforce hit an all time high of 2,316 persons in 2016 and an all time low of 2,152 in 2017. The bank operated a network of 311 bra...

CCB's corporate loans fell 6.50% to BGN 1,630 mil in 2017

By Helgi Library - December 12, 2019

Central Cooperative Bank's corporate loans reached BGN 1,630 mil in 2017, down 6.50% compared to the previous year. Bulgarian banking sector provided corporate loans of BGN 31.0 bil in 2017, up 1.61% when compared to the last year. Central Cooperative Ban...

CCB's costs (as % of assets) fell 8.41% to 2.51% in 2017

By Helgi Library - September 23, 2018

Central Cooperative Bank's cost to income ratio reached 65.7% in 2017, down from 67.2% compared to the previous year. Historically, the bank’s costs reached an all time high of 87.5% of income in 2014 and an all time low of 65.7% in 2017. When compared to ...

CCB's npls (as % of loans) rose 0.073% to 8.16% in 2017

By Helgi Library - September 23, 2018

Central Cooperative Bank's non-performing loans reached 8.16% of total loans at the end of 2017, up from 8.16% compared to the previous year. Historically, the NPL ratio hit an all time high of 12.6% in 2006 and an all time low of 2.02% in 2014. Provision c...

CCB's net interest income rose 6.70% to BGN 128 mil in 2017

By Helgi Library - September 2, 2018

Central Cooperative Bank generated total banking revenues of BGN 207 mil in 2017, up 3.35% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of BGN 207 mil in 2017...

CCB's employees fell 7.08% to 2,152 in 2017

By Helgi Library - September 23, 2018

Central Cooperative Bank employed 2,152 persons in 2017, down 7.08% when compared to the previous year. Historically, the bank's workforce hit an all time high of 2,319 persons in 2009 and an all time low of 1,111 in 2005. Average cost reached USD 862 per month p...

CCB's net interest margin fell 3.29% to 2.36% in 2017

By Helgi Library - September 2, 2018

Central Cooperative Bank's net interest margin amounted to 2.36% in 2017, down from 2.44% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.34% in 2006 and an all time low of 1.29% in 2014. The ave...

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Central Cooperative Bank AD Sofia (Tsentralna Kooperativna Banka AD Sofia) is a Bulgaria-based commercial bank. The Bank offers a wide range of banking and other financial services to commercial and private banking clients. Its products include loans, current and saving accounts, and deposits amongst others. In addition to providing mainstream banking products, the Group undertakes insurance activities, stock brokerage, investment in mutual funds, leasing services, real estate investment management and financial advice, amongst others. At the end of 2013, the Bank operated 221 branches and held a 5% market share in terms of assets in Bulgaria. The Bank was founded in 1991 and is based in Sofia. The Bank is owned by CCB Group

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Finance

Central Cooperative Bank has been growing its revenues and asset by 7.97% and 13.7% a year on average in the last 10 years. Its loans and deposits have grown by 12.9% and 13.9% a year during that time and loans to deposits ratio reached 45.6% at the end of 2017. The company achieved an average return on equity of 5.67% in the last decade with net profit growing 6.37% a year on average. In terms of operating efficiency, its cost to income ratio reached 65.7% in 2017, compared to 76.4% average in the last decade.

Equity represented 7.91% of total assets or 20.2% of loans at the end of 2017. Central Cooperative Bank's non-performing loans were 8.16% of total loans while provisions covered some 62.1% of NPLs at the end of 2017.