By Helgi Library - March 7, 2018
Corporate Commercial Bank made a net profit of BGN -4,269 mil under revenues of BGN 91.4 mil in 2014, up -6136% and -50.6% respective...
By Helgi Library - March 7, 2018
Corporate Commercial Bank made a net profit of BGN -4,269 mil under revenues of BGN 91.4 mil in 2014, up -6136% and -50.6% respective...
By Helgi Library - February 23, 2018
Corporate Commercial Bank's net interest margin amounted to 1.83% in 2014, up from 1.43% compared to the previous year. Hi...
| Profit Statement | 2012 | 2013 | 2014 | |
| Net Interest Income | BGN mil | 97.5 | 88.2 | 78.4 |
| Net Fee Income | BGN mil | 12.4 | 13.2 | 9.08 |
| Other Income | BGN mil | 39.2 | 83.4 | 3.92 |
| Total Revenues | BGN mil | 149 | 185 | 91.4 |
| Staff Cost | BGN mil | 21.3 | 24.1 | 5.56 |
| Operating Profit | BGN mil | 89.8 | 109 | -52.0 |
| Provisions | BGN mil | 28.2 | 28.7 | 4,228 |
| Net Profit | BGN mil | 56.4 | 70.7 | -4,269 |
| Balance Sheet | 2012 | 2013 | 2014 | |
| Interbank Loans | BGN mil | 103 | 171 | 161 |
| Customer Loans | BGN mil | 3,678 | 4,614 | 725 |
| Total Assets | BGN mil | 5,637 | 6,741 | 1,835 |
| Shareholders' Equity | BGN mil | 450 | 606 | -3,787 |
| Interbank Borrowing | BGN mil | 231 | 202 | 93.2 |
| Customer Deposits | BGN mil | 4,508 | 5,467 | 1,268 |
| Issued Debt Securities | BGN mil | 437 | 459 | 4,254 |
| Ratios | 2012 | 2013 | 2014 | |
| ROE | % | 13.5 | 13.4 | 268 |
| ROA | % | 1.17 | 1.14 | -99.6 |
| Costs (As % Of Assets) | % | 1.23 | 1.23 | 3.34 |
| Costs (As % Of Income) | % | 39.8 | 41.2 | 157 |
| Capital Adequacy Ratio | % | 13.4 | 12.6 | ... |
| Net Interest Margin | % | 2.01 | 1.43 | 1.83 |
| Loans (As % Of Deposits) | % | 81.6 | 84.4 | 57.2 |
| NPLs (As % Of Loans) | % | 0.560 | 1.28 | ... |
| Provisions (As % Of NPLs) | % | 173 | 101 | ... |
| Valuation | 2012 | 2013 | 2014 | |
| Price/Earnings (P/E) | 8.98 | 7.60 | ... | |
| Price/Book Value (P/BV) | 1.13 | 0.887 | ... | |
| Dividend Yield | % | 0.014 | 0.012 | ... |
| Earnings Per Share (EPS) | BGN | 9.40 | 10.8 | ... |
| Book Value Per Share | BGN | 75.0 | 92.5 | ... |
| Dividend Per Share | 0.012 | 0.010 | ... | |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| income statement | ||||||||||||||
| Net Interest Income | BGN mil | 49.5 | 65.7 | 76.9 | 80.9 | 97.5 | ||||||||
| Total Revenues | BGN mil | 79.0 | 113 | 124 | 119 | 149 | ||||||||
| Operating Profit | BGN mil | 46.4 | 76.9 | 85.0 | 75.2 | 89.8 | ||||||||
| Net Profit | BGN mil | 40.3 | 63.7 | 74.4 | 59.8 | 56.4 | ||||||||
| balance sheet | ||||||||||||||
| Interbank Loans | BGN mil | 41.4 | 58.7 | 73.6 | 43.9 | 103 | ||||||||
| Customer Loans | BGN mil | 1,154 | 1,388 | 1,660 | 2,629 | 3,678 | ||||||||
| Debt Securities | BGN mil | 170 | 170 | 324 | 547 | 650 | ||||||||
| Total Assets | BGN mil | 2,106 | 2,042 | 2,703 | 4,044 | 5,637 | ||||||||
| Shareholders' Equity | BGN mil | 215 | 279 | 322 | 384 | 450 | ||||||||
| Interbank Borrowing | BGN mil | 64.9 | 15.1 | 161 | 147 | 231 | ||||||||
| Customer Deposits | BGN mil | 1,816 | 1,597 | 2,164 | 3,383 | 4,508 | ||||||||
| Issued Debt Securities | BGN mil | 1.10 | 0.902 | 40.9 | 127 | 437 | ||||||||
| ratios | ||||||||||||||
| ROE | % | 21.7 | 25.8 | 24.7 | 16.9 | 13.5 | ||||||||
| ROA | % | 2.08 | 3.07 | 3.14 | 1.77 | 1.17 | ||||||||
| Costs (As % Of Assets) | % | 1.68 | 1.73 | 1.65 | 1.30 | 1.23 | ||||||||
| Costs (As % Of Income) | % | 41.3 | 31.9 | 31.5 | 36.8 | 39.8 | ||||||||
| Capital Adequacy Ratio | % | 12.9 | 14.0 | 12.4 | 12.1 | 13.4 | ... | |||||||
| Net Interest Margin | % | 2.55 | 3.17 | 3.24 | 2.40 | 2.01 | ||||||||
| Interest Income (As % Of Revenues) | % | 62.6 | 58.2 | 61.9 | 67.9 | 65.4 | ||||||||
| Fee Income (As % Of Revenues) | % | 11.0 | 12.3 | 11.9 | 10.6 | 8.35 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 39.6 | 39.7 | 39.8 | 42.4 | 36.0 | ||||||||
| Equity (As % Of Assets) | % | 10.2 | 13.7 | 11.9 | 9.49 | 7.98 | ||||||||
| Loans (As % Of Deposits) | % | 63.5 | 86.9 | 76.7 | 77.7 | 81.6 | ||||||||
| Loans (As % Assets) | % | 54.8 | 68.0 | 61.4 | 65.0 | 65.3 | ||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 0.231 | 0.183 | 0.354 | 0.560 | ... | |
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | 330 | 448 | 240 | 173 | ... | |
| valuation | ||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | ... | ... | 277 | 253 | 253 | 322 | 342 | ... | ||
| Number Of Shares (Average) | mil | ... | ... | ... | ... | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | ... | |||
| Share Price (End Of Period) | EUR | ... | ... | ... | ... | ... | 65.0 | 57.5 | 61.6 | 80.9 | 84.5 | ... | ||
| Earnings Per Share (EPS) | BGN | ... | ... | ... | ... | 6.71 | 10.6 | 12.4 | 9.97 | 9.40 | ... | |||
| Book Value Per Share | BGN | ... | ... | ... | ... | 35.8 | 46.6 | 53.7 | 64.0 | 75.0 | ... | |||
| Dividend Per Share | ... | ... | ... | ... | ... | 0 | 0 | 5.25 | 0.103 | 0.012 | ... | |||
| Price/Earnings (P/E) | ... | ... | ... | ... | ... | 9.69 | 5.42 | 4.97 | 8.11 | 8.98 | ... | |||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ... | 1.82 | 1.24 | 1.15 | 1.26 | 1.13 | ... | |||
| Dividend Yield | % | ... | ... | ... | ... | ... | 0 | 0 | 8.52 | 0.128 | 0.014 | ... | ||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | 62.1 | 58.1 | 16.9 | -19.6 | -5.68 | ... | ||
| Book Value Per Share Growth | % | ... | 28.2 | 30.1 | 15.4 | 19.0 | 17.3 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| income statement | ||||||||||||||
| Interest Income | BGN mil | 116 | 147 | 172 | 228 | 324 | ||||||||
| Interest Cost | BGN mil | 66.2 | 81.5 | 95.3 | 147 | 227 | ||||||||
| Net Interest Income | BGN mil | 49.5 | 65.7 | 76.9 | 80.9 | 97.5 | ||||||||
| Net Fee Income | BGN mil | 8.71 | 13.9 | 14.7 | 12.6 | 12.4 | ||||||||
| Other Income | BGN mil | 20.8 | 33.2 | 32.5 | 25.6 | 39.2 | ||||||||
| Total Revenues | BGN mil | 79.0 | 113 | 124 | 119 | 149 | ||||||||
| Staff Cost | BGN mil | 12.9 | 14.3 | 15.6 | 18.6 | 21.3 | ||||||||
| Depreciation | BGN mil | 3.41 | 4.41 | 4.36 | 4.27 | 4.26 | ||||||||
| Other Cost | BGN mil | 16.3 | 17.2 | 19.2 | 21.0 | 33.7 | ||||||||
| Operating Cost | BGN mil | 32.6 | 35.9 | 39.1 | 43.9 | 59.3 | ||||||||
| Operating Profit | BGN mil | 46.4 | 76.9 | 85.0 | 75.2 | 89.8 | ||||||||
| Provisions | BGN mil | 1.60 | 4.18 | 3.05 | 8.82 | 28.2 | ||||||||
| Extra and Other Cost | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | BGN mil | 44.8 | 72.7 | 81.9 | 66.4 | 61.6 | ||||||||
| Tax | BGN mil | 4.53 | 7.38 | 8.31 | 6.54 | 5.07 | ||||||||
| Minorities | BGN mil | 0.009 | 1.66 | -0.805 | 0.067 | 0.070 | ||||||||
| Net Profit | BGN mil | 40.3 | 63.7 | 74.4 | 59.8 | 56.4 | ||||||||
| Dividends | BGN mil | ... | ... | ... | ... | ... | 0 | 0 | 31.5 | 0.620 | 0.072 | ... | ||
| growth rates | ||||||||||||||
| Net Interest Income Growth | % | ... | 32.0 | 32.6 | 17.1 | 5.22 | 20.5 | |||||||
| Net Fee Income Growth | % | ... | 49.1 | 59.9 | 5.75 | -14.2 | -1.48 | |||||||
| Total Revenue Growth | % | ... | 50.5 | 42.8 | 10.0 | -4.02 | 25.2 | |||||||
| Operating Cost Growth | % | ... | 33.4 | 10.2 | 8.85 | 12.1 | 35.2 | |||||||
| Operating Profit Growth | % | ... | 65.4 | 65.7 | 10.5 | -11.5 | 19.3 | |||||||
| Pre-Tax Profit Growth | % | ... | 73.7 | 62.3 | 12.7 | -18.9 | -7.32 | |||||||
| Net Profit Growth | % | ... | 73.9 | 58.1 | 16.9 | -19.6 | -5.68 | |||||||
| market share | ||||||||||||||
| Market Share in Revenues | % | 2.12 | 2.97 | 3.15 | 3.03 | 3.91 | ||||||||
| Market Share in Net Profit | % | 2.93 | 8.46 | 12.4 | 12.6 | 10.7 | ... | |||||||
| Market Share in Employees | % | ... | 1.78 | 1.88 | 2.07 | 2.16 | 2.82 | ... | ||||||
| Market Share in Branches | % | ... | ... | 0.319 | 0.389 | 0.393 | 0.688 | 0.678 | ... |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| balance sheet | ||||||||||||||
| Cash | BGN mil | 675 | 351 | 569 | 755 | 1,034 | ||||||||
| Interbank Loans | BGN mil | 41.4 | 58.7 | 73.6 | 43.9 | 103 | ||||||||
| Customer Loans | BGN mil | 1,154 | 1,388 | 1,660 | 2,629 | 3,678 | ||||||||
| Retail Loans | BGN mil | 17.0 | 14.9 | 15.6 | 19.3 | 26.8 | ... | |||||||
| Corporate Loans | BGN mil | 1,143 | 1,381 | 1,658 | 2,632 | 3,687 | ... | |||||||
| Debt Securities | BGN mil | 170 | 170 | 324 | 547 | 650 | ||||||||
| Fixed Assets | BGN mil | 61.1 | 62.3 | 64.7 | 62.9 | 96.0 | ||||||||
| Total Assets | BGN mil | 2,106 | 2,042 | 2,703 | 4,044 | 5,637 | ||||||||
| Shareholders' Equity | BGN mil | 215 | 279 | 322 | 384 | 450 | ||||||||
| Of Which Minority Interest | BGN mil | 0.174 | 1.83 | 1.03 | 0.476 | 0.256 | ||||||||
| Liabilities | BGN mil | 1,891 | 1,762 | 2,380 | 3,661 | 5,187 | ||||||||
| Interbank Borrowing | BGN mil | 64.9 | 15.1 | 161 | 147 | 231 | ||||||||
| Customer Deposits | BGN mil | 1,816 | 1,597 | 2,164 | 3,383 | 4,508 | ||||||||
| Retail Deposits | BGN mil | 587 | 626 | 895 | 1,478 | 2,634 | ... | |||||||
| Corporate Deposits | BGN mil | 1,162 | 946 | 1,270 | 1,905 | 1,874 | ... | |||||||
| Issued Debt Securities | BGN mil | 1.10 | 0.902 | 40.9 | 127 | 437 | ||||||||
| Other Liabilities | BGN mil | 9.79 | 150 | 14.1 | 4.35 | 10.5 | ||||||||
| asset quality | ||||||||||||||
| Non-Performing Loans | BGN mil | ... | ... | ... | ... | ... | ... | ... | 3.24 | 3.06 | 9.38 | 20.8 | ... | |
| Gross Loans | BGN mil | 1,160 | 1,398 | 1,673 | 2,652 | 3,714 | ... | |||||||
| Total Provisions | BGN mil | 6.55 | 10.7 | 13.7 | 22.5 | 35.9 | ... | |||||||
| growth rates | ||||||||||||||
| Customer Loan Growth | % | ... | 53.9 | 20.3 | 19.6 | 58.4 | 39.9 | |||||||
| Retail Loan Growth | % | ... | 7.24 | -12.3 | 5.18 | 23.5 | 38.9 | ... | ||||||
| Corporate Loan Growth | % | ... | 54.7 | 20.8 | 20.0 | 58.8 | 40.1 | ... | ||||||
| Total Asset Growth | % | ... | 18.9 | -3.05 | 32.4 | 49.6 | 39.4 | |||||||
| Shareholders' Equity Growth | % | ... | 37.6 | 30.1 | 15.4 | 19.0 | 17.3 | |||||||
| Customer Deposit Growth | % | ... | 16.4 | -12.1 | 35.6 | 56.3 | 33.2 | |||||||
| Retail Deposit Growth | % | ... | 26.7 | 6.59 | 43.1 | 65.2 | 78.2 | ... | ||||||
| Corporate Deposit Growth | % | ... | 33.0 | -18.6 | 34.2 | 50.1 | -1.62 | ... | ||||||
| market share | ||||||||||||||
| Market Share in Customer Loans | % | 2.32 | 2.69 | 3.18 | 4.85 | 6.61 | ||||||||
| Market Share in Corporate Loans | % | 3.78 | 4.47 | 5.23 | 7.88 | 10.5 | ... | |||||||
| Market Share in Consumer Loans | % | 0.094 | 0.078 | 0.082 | 0.102 | 0.143 | ... | |||||||
| Market Share in Total Assets | % | 4.53 | 4.09 | 5.00 | 6.73 | 8.73 | ||||||||
| Market Share in Customer Deposits | % | 4.31 | 3.67 | 4.58 | 6.33 | 7.78 | ||||||||
| Market Share in Retail Deposits | % | 2.79 | 2.65 | 3.27 | 4.79 | 7.63 | ... | |||||||
| Market Share in Corporate Deposits | % | 8.85 | 8.06 | 10.5 | 13.9 | 13.1 | ... |
| ratios | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| ratios | ||||||||||||||
| ROE | % | 21.7 | 25.8 | 24.7 | 16.9 | 13.5 | ||||||||
| ROA | % | 2.08 | 3.07 | 3.14 | 1.77 | 1.17 | ||||||||
| Costs (As % Of Assets) | % | 1.68 | 1.73 | 1.65 | 1.30 | 1.23 | ||||||||
| Costs (As % Of Income) | % | 41.3 | 31.9 | 31.5 | 36.8 | 39.8 | ||||||||
| Capital Adequacy Ratio | % | 12.9 | 14.0 | 12.4 | 12.1 | 13.4 | ... | |||||||
| Tier 1 Ratio | % | 11.2 | 12.6 | 10.5 | 8.88 | 11.4 | ... | |||||||
| Net Interest Margin | % | 2.55 | 3.17 | 3.24 | 2.40 | 2.01 | ||||||||
| Interest Spread | % | ... | 2.19 | 2.63 | 2.66 | 1.89 | 1.57 | |||||||
| Asset Yield | % | 5.97 | 7.10 | 7.26 | 6.77 | 6.70 | ||||||||
| Cost Of Liabilities | % | ... | 3.77 | 4.46 | 4.60 | 4.88 | 5.12 | |||||||
| Payout Ratio | % | ... | ... | ... | ... | ... | 0 | 0 | 42.3 | 1.04 | 0.128 | ... | ||
| Interest Income (As % Of Revenues) | % | 62.6 | 58.2 | 61.9 | 67.9 | 65.4 | ||||||||
| Fee Income (As % Of Revenues) | % | 11.0 | 12.3 | 11.9 | 10.6 | 8.35 | ||||||||
| Other Income (As % Of Revenues) | % | 26.3 | 29.5 | 26.2 | 21.5 | 26.3 | ||||||||
| Cost Per Employee | USD per month | ... | 1,362 | 1,312 | 1,243 | 1,506 | 1,237 | ... | ||||||
| Cost Per Employee (Local Currency) | BGN per month | ... | 1,819 | 1,845 | 1,836 | 2,118 | 1,883 | ... | ||||||
| Staff Cost (As % Of Total Cost) | % | 39.6 | 39.7 | 39.8 | 42.4 | 36.0 | ||||||||
| Equity (As % Of Assets) | % | 10.2 | 13.7 | 11.9 | 9.49 | 7.98 | ||||||||
| Loans (As % Of Deposits) | % | 63.5 | 86.9 | 76.7 | 77.7 | 81.6 | ||||||||
| Loans (As % Assets) | % | 54.8 | 68.0 | 61.4 | 65.0 | 65.3 | ||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 0.231 | 0.183 | 0.354 | 0.560 | ... | |
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | 330 | 448 | 240 | 173 | ... | |
| Provisions (As % Of Loans) | % | 0.568 | 0.769 | 0.826 | 0.856 | 0.977 | ... | |||||||
| Cost of Provisions (As % Of Loans) | % | 0.168 | 0.329 | 0.200 | 0.411 | 0.895 |
Get all company financials in excel:
By Helgi Library - February 23, 2018
Corporate Commercial Bank's net interest margin amounted to 1.83% in 2014, up from 1.43% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.20% in 2004 and an all time low of 1.43% in 2013. The aver...
By Helgi Library - November 29, 2018
Corporate Commercial Bank generated total banking revenues of BGN 91.4 mil in 2014, down 50.6% compared to the previous year. Bulgarian banking sector banking sector generated total revenues of BGN 3,901 mil in 2014, up 5.24% when compared to the last...
By Helgi Library - November 29, 2018
Corporate Commercial Bank generated total banking revenues of BGN 91.4 mil in 2014, down 50.6% compared to the previous year. Bulgarian banking sector banking sector generated total revenues of BGN 3,901 mil in 2014, up 5.24% when compared to the last...
By Helgi Library - September 3, 2018
Corporate Commercial Bank's customer loans reached BGN 725 mil in 2014, down 84.3% compared to the previous year. Bulgarian banking sector provided customer loans of BGN 51.5 bil in 2014, down 7.70% when compared to the last year. Corporate Commercial Ban...
By Helgi Library - September 3, 2018
Corporate Commercial Bank's customer loans reached BGN 725 mil in 2014, down 84.3% compared to the previous year. Bulgarian banking sector provided customer loans of BGN 51.5 bil in 2014, down 7.70% when compared to the last year. Corporate Commercial Ban...
By Helgi Library - September 3, 2018
Corporate Commercial Bank's customer deposits reached BGN 1,268 mil in 2014, down 76.8% compared to the previous year. Bulgarian banking sector accepted customer deposits of BGN 64.2 bil in 2014, up 2.12% when compared to the last year. Corporate Commerci...
By Helgi Library - September 3, 2018
Corporate Commercial Bank's customer deposits reached BGN 1,268 mil in 2014, down 76.8% compared to the previous year. Bulgarian banking sector accepted customer deposits of BGN 64.2 bil in 2014, up 2.12% when compared to the last year. Corporate Commerci...
By Helgi Library - September 2, 2018
Corporate Commercial Bank's customer loan growth reached -84.3% in 2014, down from 25.4% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 97.3% in 2007 and an all time low of -84.3% in 2014. In the last deca...
By Helgi Library - September 2, 2018
Corporate Commercial Bank's customer loan growth reached -84.3% in 2014, down from 25.4% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 97.3% in 2007 and an all time low of -84.3% in 2014. In the last deca...
By Helgi Library - March 7, 2018
Corporate Commercial Bank generated total banking revenues of BGN 91.4 mil in 2014, down 50.6% 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 185 mil in ...
Corporate Commercial Bank AD Sofia (Korporativna Targovska 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 25 branches and employed over 1,000 persons in Bulgaria. Following a bank run in June 2014, however, the Bank suspended its operations and was taken over by the Central Bank.
Corporate Commercial Bank has been growing its revenues and asset by -8.46% and -23.2% a year on average in the last 3 years. Its loans and deposits have grown by -34.9% and -27.9% a year during that time and loans to deposits ratio reached 57.2% at the end of 2014. The company achieved an average return on equity of 98.4% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 157% in 2014, compared to 79.3% average in the last three years.
Equity represented -206% of total assets or -522% of loans at the end of 2014. Corporate Commercial Bank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2014.
Corporate Commercial Bank stock traded at per share at the end of 2014 resulting in a market capitalization of . Over the previous five years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 67.4% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of x in 2014.
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