By Helgi Library - September 2, 2018
Piraeus Bank Bulgaria's net interest margin amounted to 1.71% in 2017, up from 1.42% compared to the previous year. Histor...
By Helgi Library - September 2, 2018
Piraeus Bank Bulgaria's customer deposits reached BGN 2,270 mil in 2017, up 4.76% compared to the previous year. Bulgarian bank...
By Helgi Library - September 2, 2018
Piraeus Bank Bulgaria's customer loans reached BGN 1,433 mil in 2017, down 2.32% compared to the previous year. Bulgarian banki...
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By Helgi Library - September 20, 2018
Piraeus Bank Bulgaria's retail deposits reached BGN 1,471 mil in 2017, down 2.33% 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. Piraeus Bank Bulgaria acco...
By Helgi Library - September 20, 2018
Piraeus Bank Bulgaria's corporate deposits reached BGN 799 mil in 2017, up 20.9% 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. Piraeus Bank Bulgaria ac...
By Helgi Library - September 20, 2018
Piraeus Bank Bulgaria's mortgage loans reached BGN 211 mil in 2017, down 2.51% compared to the previous year. Bulgarian banking sector provided mortgage loans of BGN 9.45 bil in 2017, up 7.40% when compared to the last year. Piraeus Bank Bulgaria accounte...
By Helgi Library - September 2, 2018
Piraeus Bank Bulgaria made a net profit of BGN 29.9 mil under revenues of BGN 85.1 mil in 2017, up 146% and 5.47% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of BGN 61.5 mil in 2008 and an all time low of B...
By Helgi Library - September 2, 2018
Piraeus Bank Bulgaria's non-performing loans reached 15.1% of total loans at the end of 2017, down from 32.8% compared to the previous year. Historically, the NPL ratio hit an all time high of 35.3% in 2014 and an all time low of 1.02% in 2007. Provision co...
By Helgi Library - September 2, 2018
Piraeus Bank Bulgaria's loans reached BGN 1,541 mil in the 2017, down from BGN 1,771 mil compared to the previous year. Historically, the bank’s loans reached an all time high of BGN 3,163 mil in 2010 and an all time low of BGN 1,073 mil in 2006. In the...
By Helgi Library - September 20, 2018
Piraeus Bank Bulgaria generated total banking revenues of BGN 85.1 mil in 2017, up 5.47% compared to the previous year. Bulgarian banking sector banking sector generated total revenues of BGN 3,870 mil in 2017, down 4.62% when compared to the last yea...
By Helgi Library - September 2, 2018
Piraeus Bank Bulgaria employed 902 persons in 2017, up 12.8% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,046 persons in 2008 and an all time low of 777 in 2006. Average cost reached USD 1,276 per month per empl...
By Helgi Library - September 2, 2018
Piraeus Bank Bulgaria generated total banking revenues of BGN 85.1 mil in 2017, up 5.47% 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 180 mil in 2011 a...
By Helgi Library - September 2, 2018
Piraeus Bank Bulgaria's capital adequacy ratio reached 23.4% at the end of 2017, up from 22.8% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 28.5% in 2014 and an all time low of 14.9% in 2008. The Tier 1 ratio a...
Piraeus Bank Bulgaria AD 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 a network of 83 branches, employed 848 persons and held a 4% market share by assets in Bulgaria. The Bank was founded in 1993 and is headquartered in Sofia, Bulgaria. Piraeus Bank Bulgaria AD is a subsidiary of Piraeus Bank S.A.
Piraeus Bank Bulgaria has been growing its revenues and asset by -3.34% and -1.58% a year on average in the last 10 years. Its loans and deposits have grown by -5.30% and 6.85% a year during that time and loans to deposits ratio reached 63.1% at the end of 2017. The company achieved an average return on equity of -0.981% in the last decade with net profit growing -5.47% a year on average. In terms of operating efficiency, its cost to income ratio reached 87.2% in 2017, compared to 61.1% average in the last decade.
Equity represented 12.2% of total assets or 26.2% of loans at the end of 2017. Piraeus Bank Bulgaria's non-performing loans were 15.1% of total loans while provisions covered some 46.6% of NPLs at the end of 2017.
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