Municipal Bank made a net profit of BGN 4.67 mil under revenues of BGN 41.8 mil in 2017, up 111% and -2.84% respectively compared to the previous year.
Historically, the bank’s net profit reached an all time high of BGN 13.5 mil in 2007 and an all time low of BGN 1.82 mil in 2010. The average profit in the last five years amounted to BGN 4.82 mil.
On the other hand, bank’s revenues amounted to an all time high of BGN 57.7 mil in 2012 and an all time low of BGN 38.4 mil in 2010. The average revenues in the last five years reached BGN 44.1 mil.
Comparing Municipal Bank with its closest peers, DSK Bank generated a net profit of BGN 285 mil with revenues of BGN 715 mil in 2017, United Bulgarian Bank netted BGN -47.4 mil (revenues of BGN 346 mil) and Raiffeisenbank Bulgaria announced a net profit of BGN 137 mil (revenues of BGN 314 mil).
You can see all the bank’s data at Municipal Bank Profile, or you can download a report on the bank in the report section.
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