By Helgi Library - September 3, 2018
Bulgarian Development Bank's customer deposits reached BGN 1,712 mil in 2017, up 48.8% compared to the previous year. Bulgarian...
By Helgi Library - September 3, 2018
Bulgarian Development Bank's customer deposits reached BGN 1,712 mil in 2017, up 48.8% compared to the previous year. Bulgarian...
By Helgi Library - September 3, 2018
Bulgarian Development Bank's customer loans reached BGN 1,583 mil in 2017, up 11.7% compared to the previous year. Bulgarian ba...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | BGN mil | 52.1 | 56.6 | 55.0 |
| Net Fee Income | BGN mil | 1.96 | 2.28 | 2.12 |
| Other Income | BGN mil | 4.34 | -2.26 | -0.767 |
| Total Revenues | BGN mil | 58.4 | 56.6 | 56.4 |
| Operating Profit | BGN mil | 41.4 | 44.9 | 43.7 |
| Provisions | BGN mil | -1.84 | -5.59 | 25.2 |
| Net Profit | BGN mil | 38.3 | 45.0 | 16.4 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Customer Loans | BGN mil | 910 | 1,417 | 1,583 |
| Total Assets | BGN mil | 1,614 | 1,911 | 2,471 |
| Shareholders' Equity | BGN mil | 709 | 757 | 753 |
| Interbank Borrowing | BGN mil | 0.362 | 0 | 0 |
| Customer Deposits | BGN mil | 902 | 1,151 | 1,712 |
| Issued Debt Securities | BGN mil | 0.362 | 0 | 0 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 5.52 | 6.14 | 2.17 |
| ROA | % | 2.17 | 2.55 | 0.747 |
| Costs (As % Of Assets) | % | 0.967 | 0.664 | 0.581 |
| Costs (As % Of Income) | % | 29.3 | 20.7 | 22.6 |
| Net Interest Margin | % | 2.95 | 3.21 | 2.51 |
| Loans (As % Of Deposits) | % | 101 | 123 | 92.5 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 1.70 | -3.17 | -0.346 |
| Operating Cost Growth | % | 53.7 | -31.5 | 8.66 |
| Operating Profit Growth | % | -10.8 | 8.54 | -2.70 |
| Net Profit Growth | % | 199 | 17.3 | -63.6 |
| Customer Loan Growth | % | -19.9 | 55.7 | 11.7 |
| Total Asset Growth | % | -16.0 | 18.4 | 29.3 |
| Customer Deposit Growth | % | -27.0 | 27.5 | 48.8 |
| Shareholders' Equity Growth | % | 4.17 | 6.73 | -0.440 |
Get all company financials in excel:
| summary | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Net Interest Income | BGN mil | 61.3 | 59.3 | 53.9 | 53.3 | 52.1 | ||||||
| Total Revenues | BGN mil | 64.2 | 62.1 | 54.9 | 57.5 | 58.4 | ||||||
| Operating Profit | BGN mil | 55.5 | 51.7 | 43.5 | 46.3 | 41.4 | ||||||
| Net Profit | BGN mil | 11.4 | 21.9 | 10.8 | 12.8 | 38.3 | ||||||
| balance sheet | ||||||||||||
| Customer Loans | BGN mil | 1,676 | 1,397 | 1,265 | 1,136 | 910 | ||||||
| Debt Securities | BGN mil | 19.6 | 129 | 165 | 278 | 222 | ||||||
| Total Assets | BGN mil | 1,875 | 1,694 | 1,781 | 1,922 | 1,614 | ||||||
| Shareholders' Equity | BGN mil | 671 | 683 | 673 | 681 | 709 | ||||||
| Interbank Borrowing | BGN mil | 0 | 0 | 0 | 0 | 0.362 | ||||||
| Customer Deposits | BGN mil | 1,189 | 994 | 1,102 | 1,237 | 902 | ||||||
| Issued Debt Securities | BGN mil | 3.08 | 3.08 | 1.53 | 0.888 | 0.362 | ||||||
| ratios | ||||||||||||
| ROE | % | 1.71 | 3.23 | 1.60 | 1.89 | 5.52 | ||||||
| ROA | % | 0.702 | 1.23 | 0.624 | 0.693 | 2.17 | ||||||
| Costs (As % Of Assets) | % | 0.531 | 0.583 | 0.657 | 0.601 | 0.967 | ||||||
| Costs (As % Of Income) | % | 13.4 | 16.7 | 20.8 | 19.4 | 29.3 | ||||||
| Net Interest Margin | % | 3.77 | 3.32 | 3.10 | 2.88 | 2.95 | ||||||
| Interest Income (As % Of Revenues) | % | 95.5 | 95.5 | 98.1 | 92.8 | 89.2 | ||||||
| Fee Income (As % Of Revenues) | % | 2.81 | 2.82 | 2.83 | 3.45 | 3.36 | ||||||
| Equity (As % Of Assets) | % | 35.8 | 40.3 | 37.8 | 35.4 | 43.9 | ||||||
| Loans (As % Of Deposits) | % | 141 | 141 | 115 | 91.9 | 101 | ||||||
| Loans (As % Assets) | % | 89.4 | 82.5 | 71.0 | 59.1 | 56.4 | ||||||
| valuation | ||||||||||||
| Book Value Per Share Growth | % | ... | 20.5 | -3.19 | -9.13 | -1.06 | -2.19 |
| income statement | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Interest Income | BGN mil | 82.0 | 80.8 | 68.2 | 65.1 | 60.1 | ||||||
| Interest Cost | BGN mil | 20.8 | 21.5 | 14.3 | 11.8 | 7.98 | ||||||
| Net Interest Income | BGN mil | 61.3 | 59.3 | 53.9 | 53.3 | 52.1 | ||||||
| Net Fee Income | BGN mil | 1.80 | 1.75 | 1.55 | 1.99 | 1.96 | ||||||
| Other Income | BGN mil | 1.11 | 1.07 | -0.521 | 2.17 | 4.34 | ||||||
| Total Revenues | BGN mil | 64.2 | 62.1 | 54.9 | 57.5 | 58.4 | ||||||
| Depreciation | BGN mil | 0.178 | 0.287 | 0.376 | 0.486 | 0.510 | ||||||
| Operating Cost | BGN mil | 8.63 | 10.4 | 11.4 | 11.1 | 17.1 | ||||||
| Operating Profit | BGN mil | 55.5 | 51.7 | 43.5 | 46.3 | 41.4 | ||||||
| Provisions | BGN mil | 42.6 | 27.1 | 31.1 | 31.9 | -1.84 | ||||||
| Extra and Other Cost | BGN mil | 0.225 | 0.341 | 0.322 | 0.154 | 0.586 | ||||||
| Pre-Tax Profit | BGN mil | 12.7 | 24.3 | 12.0 | 14.2 | 42.6 | ||||||
| Tax | BGN mil | 1.27 | 2.43 | 1.20 | 1.43 | 4.26 | ||||||
| Minorities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Net Profit | BGN mil | 11.4 | 21.9 | 10.8 | 12.8 | 38.3 | ||||||
| growth rates | ||||||||||||
| Net Interest Income Growth | % | ... | 20.5 | -3.19 | -9.13 | -1.06 | -2.19 | |||||
| Net Fee Income Growth | % | ... | 5.51 | -2.67 | -11.4 | 27.9 | -1.11 | |||||
| Total Revenue Growth | % | ... | 11.2 | -3.18 | -11.6 | 4.64 | 1.70 | |||||
| Operating Cost Growth | % | ... | 19.0 | 20.6 | 9.73 | -2.52 | 53.7 | |||||
| Operating Profit Growth | % | ... | 10.1 | -6.87 | -15.9 | 6.52 | -10.8 | |||||
| Pre-Tax Profit Growth | % | ... | -60.3 | 91.7 | -50.5 | 18.3 | 199 | |||||
| Net Profit Growth | % | ... | -60.3 | 91.7 | -50.5 | 18.3 | 199 | |||||
| market share | ||||||||||||
| Market Share in Revenues | % | 1.63 | 1.63 | 1.48 | 1.47 | 1.42 | ||||||
| Market Share in Net Profit | % | 2.41 | 4.17 | 2.15 | 1.80 | 4.27 |
| balance sheet | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||
| Cash | BGN mil | 70.3 | 51.6 | 234 | 387 | 347 | ||||||
| Customer Loans | BGN mil | 1,676 | 1,397 | 1,265 | 1,136 | 910 | ||||||
| Debt Securities | BGN mil | 19.6 | 129 | 165 | 278 | 222 | ||||||
| Fixed Assets | BGN mil | 14.4 | 15.0 | 17.0 | 20.6 | 32.3 | ||||||
| Total Assets | BGN mil | 1,875 | 1,694 | 1,781 | 1,922 | 1,614 | ||||||
| Shareholders' Equity | BGN mil | 671 | 683 | 673 | 681 | 709 | ||||||
| Of Which Minority Interest | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Liabilities | BGN mil | 1,205 | 1,011 | 1,108 | 1,241 | 905 | ||||||
| Interbank Borrowing | BGN mil | 0 | 0 | 0 | 0 | 0.362 | ||||||
| Customer Deposits | BGN mil | 1,189 | 994 | 1,102 | 1,237 | 902 | ||||||
| Issued Debt Securities | BGN mil | 3.08 | 3.08 | 1.53 | 0.888 | 0.362 | ||||||
| Other Liabilities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| growth rates | ||||||||||||
| Customer Loan Growth | % | ... | 31.5 | -16.6 | -9.49 | -10.2 | -19.9 | |||||
| Total Asset Growth | % | ... | 36.2 | -9.66 | 5.14 | 7.88 | -16.0 | |||||
| Shareholders' Equity Growth | % | ... | 1.26 | 1.81 | -1.42 | 1.10 | 4.17 | |||||
| Customer Deposit Growth | % | ... | 67.3 | -16.4 | 10.9 | 12.2 | -27.0 | |||||
| market share | ||||||||||||
| Market Share in Customer Loans | % | 3.09 | 2.51 | 2.27 | 2.20 | 1.80 | ||||||
| Market Share in Total Assets | % | 3.12 | 2.62 | 2.56 | 2.74 | 2.12 | ||||||
| Market Share in Customer Deposits | % | 2.22 | 1.72 | 1.75 | 1.93 | 1.35 |
| ratios | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||
| ROE | % | 1.71 | 3.23 | 1.60 | 1.89 | 5.52 | ||||||
| ROA | % | 0.702 | 1.23 | 0.624 | 0.693 | 2.17 | ||||||
| Costs (As % Of Assets) | % | 0.531 | 0.583 | 0.657 | 0.601 | 0.967 | ||||||
| Costs (As % Of Income) | % | 13.4 | 16.7 | 20.8 | 19.4 | 29.3 | ||||||
| Net Interest Margin | % | 3.77 | 3.32 | 3.10 | 2.88 | 2.95 | ||||||
| Interest Spread | % | ... | 2.88 | 2.59 | 2.57 | 2.51 | 2.66 | |||||
| Asset Yield | % | 5.04 | 4.53 | 3.93 | 3.52 | 3.40 | ||||||
| Cost Of Liabilities | % | ... | 2.16 | 1.94 | 1.35 | 1.01 | 0.744 | |||||
| Interest Income (As % Of Revenues) | % | 95.5 | 95.5 | 98.1 | 92.8 | 89.2 | ||||||
| Fee Income (As % Of Revenues) | % | 2.81 | 2.82 | 2.83 | 3.45 | 3.36 | ||||||
| Other Income (As % Of Revenues) | % | 1.72 | 1.72 | -0.949 | 3.77 | 7.42 | ||||||
| Equity (As % Of Assets) | % | 35.8 | 40.3 | 37.8 | 35.4 | 43.9 | ||||||
| Loans (As % Of Deposits) | % | 141 | 141 | 115 | 91.9 | 101 | ||||||
| Loans (As % Assets) | % | 89.4 | 82.5 | 71.0 | 59.1 | 56.4 | ||||||
| Cost of Provisions (As % Of Loans) | % | 2.89 | 1.76 | 2.34 | 2.66 | -0.180 |
Get all company financials in excel:
By Helgi Library - September 3, 2018
Bulgarian Development Bank's net interest margin amounted to 2.51% in 2017, down from 3.21% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.70% in 2009 and an all time low of 2.51% in 2017. The a...
By Helgi Library - September 3, 2018
Bulgarian Development Bank's customer loans reached BGN 1,583 mil in 2017, up 11.7% 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. Bulgarian Development Ban...
By Helgi Library - September 3, 2018
Bulgarian Development Bank's net interest margin amounted to 2.51% in 2017, down from 3.21% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.70% in 2009 and an all time low of 2.51% in 2017. The a...
By Helgi Library - September 3, 2018
Bulgarian Development Bank made a net profit of BGN 16.4 mil under revenues of BGN 56.4 mil in 2017, up -63.6% and -0.346% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of BGN 45.0 mil in 2016 and an all time low...
By Helgi Library - September 3, 2018
Bulgarian Development Bank made a net profit of BGN 16.4 mil under revenues of BGN 56.4 mil in 2017, up -63.6% and -0.346% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of BGN 45.0 mil in 2016 and an all time low...
By Helgi Library - September 20, 2018
Bulgarian Development Bank generated total banking revenues of BGN 56.4 mil in 2017, down 0.346% 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 ...
By Helgi Library - September 20, 2018
Bulgarian Development Bank generated total banking revenues of BGN 56.4 mil in 2017, down 0.346% 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 ...
By Helgi Library - September 3, 2018
Bulgarian Development Bank generated total banking revenues of BGN 56.4 mil in 2017, down 0.346% 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 64.2 mil ...
By Helgi Library - September 3, 2018
Bulgarian Development Bank generated total banking revenues of BGN 56.4 mil in 2017, down 0.346% 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 64.2 mil ...
By Helgi Library - September 3, 2018
Bulgarian Development Bank's customer loan growth reached 11.7% in 2017, down from 55.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 120% in 2008 and an all time low of -19.9% in 2015. In the last decad...
Bulgarian Development Bank has been growing its revenues and asset by -0.625% and 8.75% a year on average in the last 3 years. Its loans and deposits have grown by 11.7% and 11.4% a year during that time and loans to deposits ratio reached 92.5% at the end of 2017. The company achieved an average return on equity of 4.61% in the last three years with net profit growing 8.47% a year on average. In terms of operating efficiency, its cost to income ratio reached 22.6% in 2017, compared to 24.2% average in the last three years.
Equity represented 30.5% of total assets or 47.6% of loans at the end of 2017. Bulgarian Development Bank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.
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