By Helgi Library - September 3, 2018
D Commerce Bank made a net profit of BGN 11.5 mil under revenues of BGN 36.8 mil in 2017, up 1471% and -10.3% respectively compared t...
By Helgi Library - September 3, 2018
D Commerce Bank made a net profit of BGN 11.5 mil under revenues of BGN 36.8 mil in 2017, up 1471% and -10.3% respectively compared t...
By Helgi Library - September 23, 2018
D Commerce Bank's mortgage loans reached BGN 28.3 mil in 2017, up 36.2% compared to the previous year. Bulgarian banking sector...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | BGN mil | 19.8 | 21.3 | 20.4 |
| Net Fee Income | BGN mil | 8.19 | 7.55 | 9.36 |
| Other Income | BGN mil | 5.16 | 12.2 | 6.99 |
| Total Revenues | BGN mil | 33.2 | 41.0 | 36.8 |
| Staff Cost | BGN mil | 9.94 | 10.4 | 11.2 |
| Operating Profit | BGN mil | 10.2 | 18.5 | 13.5 |
| Provisions | BGN mil | 9.55 | 17.5 | 1.52 |
| Net Profit | BGN mil | 0.574 | 0.732 | 11.5 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | BGN mil | 49.1 | 46.0 | 38.5 |
| Customer Loans | BGN mil | 327 | 358 | 387 |
| Total Assets | BGN mil | 673 | 726 | 754 |
| Shareholders' Equity | BGN mil | 91.3 | 92.1 | 104 |
| Interbank Borrowing | BGN mil | 5.01 | 11.0 | 9.04 |
| Customer Deposits | BGN mil | 570 | 620 | 636 |
| Issued Debt Securities | BGN mil | 0.186 | 0.130 | 0.282 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 0.629 | 0.798 | 11.8 |
| ROA | % | 0.083 | 0.105 | 1.55 |
| Costs (As % Of Assets) | % | 3.32 | 3.20 | 3.14 |
| Costs (As % Of Income) | % | 69.4 | 54.7 | 63.3 |
| Capital Adequacy Ratio | % | 20.1 | 19.1 | 19.6 |
| Net Interest Margin | % | 2.86 | 3.04 | 2.76 |
| Loans (As % Of Deposits) | % | 57.4 | 57.8 | 60.9 |
| NPLs (As % Of Loans) | % | 6.63 | 11.6 | 9.03 |
| Provisions (As % Of NPLs) | % | 128 | 81.7 | 101 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 5.62 | 23.5 | -10.3 |
| Operating Cost Growth | % | 7.87 | -2.56 | 3.73 |
| Operating Profit Growth | % | 0.853 | 82.4 | -27.2 |
| Net Profit Growth | % | 18.8 | 27.5 | 1,471 |
| Customer Loan Growth | % | 3.04 | 9.53 | 8.06 |
| Total Asset Growth | % | -5.50 | 7.96 | 3.86 |
| Customer Deposit Growth | % | -6.61 | 8.73 | 2.53 |
| Shareholders' Equity Growth | % | 0.148 | 0.801 | 12.5 |
| Employees | 428 | 435 | 450 | |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||
| Net Interest Income | BGN mil | 11.9 | 14.6 | 16.6 | 17.3 | 19.8 | |||||||||||
| Total Revenues | BGN mil | 17.9 | 22.5 | 31.2 | 31.4 | 33.2 | |||||||||||
| Operating Profit | BGN mil | ... | 0.928 | 3.59 | 10.0 | 10.1 | 10.2 | ||||||||||
| Net Profit | BGN mil | 0.337 | 1.86 | 0.193 | 0.483 | 0.574 | |||||||||||
| balance sheet | |||||||||||||||||
| Interbank Loans | BGN mil | 91.8 | 48.3 | 12.1 | 36.3 | 49.1 | |||||||||||
| Customer Loans | BGN mil | 274 | 331 | 315 | 318 | 327 | |||||||||||
| Debt Securities | BGN mil | 191 | 277 | 272 | 232 | 181 | |||||||||||
| Total Assets | BGN mil | 623 | 743 | 704 | 712 | 673 | |||||||||||
| Shareholders' Equity | BGN mil | 52.9 | 65.6 | 66.4 | 91.2 | 91.3 | |||||||||||
| Interbank Borrowing | BGN mil | 47.8 | 61.8 | 15.3 | 4.23 | 5.01 | |||||||||||
| Customer Deposits | BGN mil | 522 | 612 | 618 | 611 | 570 | |||||||||||
| Issued Debt Securities | BGN mil | 0 | 0 | 0.752 | 1.80 | 0.186 | |||||||||||
| ratios | |||||||||||||||||
| ROE | % | 0.639 | 3.13 | 0.292 | 0.613 | 0.629 | |||||||||||
| ROA | % | 0.061 | 0.272 | 0.027 | 0.068 | 0.083 | |||||||||||
| Costs (As % Of Assets) | % | ... | 3.08 | 2.77 | 2.93 | 3.01 | 3.32 | ||||||||||
| Costs (As % Of Income) | % | ... | 94.8 | 84.1 | 67.9 | 67.9 | 69.4 | ||||||||||
| Capital Adequacy Ratio | % | ... | ... | 15.5 | 13.3 | 20.4 | 22.6 | 20.1 | |||||||||
| Net Interest Margin | % | 2.15 | 2.14 | 2.29 | 2.45 | 2.86 | |||||||||||
| Interest Income (As % Of Revenues) | % | 66.2 | 64.8 | 53.1 | 55.2 | 59.8 | |||||||||||
| Fee Income (As % Of Revenues) | % | 24.0 | 27.0 | 24.9 | 24.8 | 24.7 | |||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 44.1 | 42.8 | 40.0 | 42.3 | 43.2 | ||||||||||
| Equity (As % Of Assets) | % | 8.49 | 8.83 | 9.43 | 12.8 | 13.6 | |||||||||||
| Loans (As % Of Deposits) | % | 52.5 | 54.0 | 50.9 | 52.0 | 57.4 | |||||||||||
| Loans (As % Assets) | % | 43.9 | 44.5 | 44.8 | 44.6 | 48.6 | |||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 1.74 | 4.23 | 5.30 | 6.63 | ||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | 67.9 | 95.9 | 126 | 128 | ||||
| valuation | |||||||||||||||||
| Book Value Per Share Growth | % | ... | -12.2 | 23.1 | 13.3 | 4.70 | 14.4 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||
| Interest Income | BGN mil | 29.5 | 35.8 | 34.7 | 31.8 | 28.9 | |||||||||||
| Interest Cost | BGN mil | 17.7 | 21.2 | 18.1 | 14.5 | 9.07 | |||||||||||
| Net Interest Income | BGN mil | 11.9 | 14.6 | 16.6 | 17.3 | 19.8 | |||||||||||
| Net Fee Income | BGN mil | 4.31 | 6.08 | 7.77 | 7.80 | 8.19 | |||||||||||
| Other Income | BGN mil | 1.74 | 1.85 | 6.85 | 6.27 | 5.16 | |||||||||||
| Total Revenues | BGN mil | 17.9 | 22.5 | 31.2 | 31.4 | 33.2 | |||||||||||
| Staff Cost | BGN mil | ... | 7.49 | 8.12 | 8.46 | 9.03 | 9.94 | ||||||||||
| Depreciation | BGN mil | ... | 1.50 | 1.61 | 2.24 | 2.11 | 1.85 | ||||||||||
| Other Cost | BGN mil | 8.00 | 9.22 | 10.5 | 10.2 | 11.2 | |||||||||||
| Operating Cost | BGN mil | ... | 17.0 | 19.0 | 21.2 | 21.3 | 23.0 | ||||||||||
| Operating Profit | BGN mil | ... | 0.928 | 3.59 | 10.0 | 10.1 | 10.2 | ||||||||||
| Provisions | BGN mil | 0.542 | 1.52 | 9.77 | 9.56 | 9.55 | |||||||||||
| Extra and Other Cost | BGN mil | ... | < 0.001 | < 0.001 | < -0.001 | < -0.001 | < -0.001 | ||||||||||
| Pre-Tax Profit | BGN mil | 0.386 | 2.07 | 0.242 | 0.516 | 0.618 | |||||||||||
| Tax | BGN mil | 0.049 | 0.213 | 0.049 | 0.033 | 0.044 | |||||||||||
| Minorities | BGN mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Net Profit | BGN mil | 0.337 | 1.86 | 0.193 | 0.483 | 0.574 | |||||||||||
| growth rates | |||||||||||||||||
| Net Interest Income Growth | % | ... | -12.2 | 23.1 | 13.3 | 4.70 | 14.4 | ||||||||||
| Net Fee Income Growth | % | ... | 46.0 | 41.2 | 27.8 | 0.412 | 4.89 | ||||||||||
| Total Revenue Growth | % | ... | -1.81 | 25.8 | 38.3 | 0.751 | 5.62 | ||||||||||
| Operating Cost Growth | % | ... | ... | 15.7 | 11.5 | 11.7 | 0.770 | 7.87 | |||||||||
| Operating Profit Growth | % | ... | ... | -73.9 | 287 | 179 | 0.709 | 0.853 | |||||||||
| Pre-Tax Profit Growth | % | ... | -87.2 | 436 | -88.3 | 113 | 19.8 | ||||||||||
| Net Profit Growth | % | ... | -87.5 | 450 | -89.6 | 150 | 18.8 | ||||||||||
| market share | |||||||||||||||||
| Market Share in Revenues | % | 0.456 | 0.591 | 0.841 | 0.805 | 0.804 | |||||||||||
| Market Share in Net Profit | % | ... | 0.071 | 0.353 | 0.038 | 0.068 | 0.064 | ||||||||||
| Market Share in Employees | % | ... | ... | ... | ... | 1.05 | 1.15 | 1.20 | 1.34 | 1.40 | |||||||
| Market Share in Branches | % | ... | ... | ... | ... | 1.43 | 1.54 | 1.59 | 1.61 | 1.63 |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||||
| Cash | BGN mil | 59.8 | 80.9 | 97.8 | 73.2 | 62.3 | |||||||||||
| Interbank Loans | BGN mil | 91.8 | 48.3 | 12.1 | 36.3 | 49.1 | |||||||||||
| Customer Loans | BGN mil | 274 | 331 | 315 | 318 | 327 | |||||||||||
| Retail Loans | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 30.2 | 33.4 | 42.7 | 37.1 | ||
| Mortgage Loans | BGN mil | ... | ... | ... | ... | ... | ... | 4.63 | 4.95 | 9.86 | 13.7 | ||||||
| Consumer Loans | BGN mil | ... | ... | ... | ... | ... | ... | 25.6 | 26.7 | 32.9 | 23.4 | ||||||
| Corporate Loans | BGN mil | ... | ... | ... | ... | ... | ... | 304 | 295 | 298 | 320 | ||||||
| Debt Securities | BGN mil | 191 | 277 | 272 | 232 | 181 | |||||||||||
| Fixed Assets | BGN mil | 5.54 | 4.91 | 5.76 | 32.0 | 29.5 | |||||||||||
| Total Assets | BGN mil | 623 | 743 | 704 | 712 | 673 | |||||||||||
| Shareholders' Equity | BGN mil | 52.9 | 65.6 | 66.4 | 91.2 | 91.3 | |||||||||||
| Of Which Minority Interest | BGN mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Liabilities | BGN mil | 570 | 677 | 637 | 621 | 581 | |||||||||||
| Interbank Borrowing | BGN mil | 47.8 | 61.8 | 15.3 | 4.23 | 5.01 | |||||||||||
| Customer Deposits | BGN mil | 522 | 612 | 618 | 611 | 570 | |||||||||||
| Retail Deposits | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | 247 | 246 | 313 | 281 | ||||
| Corporate Deposits | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | 365 | 372 | 298 | 289 | ||||
| Sight Deposits | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 315 | 307 | 243 | ||
| Term Deposits | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 303 | 303 | 328 | ||
| Issued Debt Securities | BGN mil | 0 | 0 | 0.752 | 1.80 | 0.186 | |||||||||||
| Other Liabilities | BGN mil | 1.08 | 3.27 | 3.00 | 4.00 | 5.94 | |||||||||||
| asset quality | |||||||||||||||||
| Non-Performing Loans | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | 5.84 | 13.9 | 18.0 | 23.7 | ||||
| Gross Loans | BGN mil | ... | ... | ... | ... | ... | ... | 335 | 328 | 340 | 357 | ||||||
| Total Provisions | BGN mil | ... | ... | ... | ... | ... | ... | 3.97 | 13.3 | 22.8 | 30.3 | ||||||
| growth rates | |||||||||||||||||
| Customer Loan Growth | % | ... | 48.6 | 20.8 | -4.81 | 0.841 | 3.04 | ||||||||||
| Retail Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.6 | 27.8 | -13.1 | ||
| Mortgage Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 6.89 | 99.1 | 39.3 | |||||
| Consumer Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 4.20 | 23.2 | -28.8 | |||||
| Corporate Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | -2.89 | 0.959 | 7.64 | |||||
| Total Asset Growth | % | ... | 30.0 | 19.2 | -5.30 | 1.19 | -5.50 | ||||||||||
| Shareholders' Equity Growth | % | ... | 0.871 | 23.9 | 1.19 | 37.4 | 0.148 | ||||||||||
| Customer Deposit Growth | % | ... | 38.2 | 17.4 | 0.948 | -1.20 | -6.61 | ||||||||||
| Retail Deposit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -0.589 | 27.4 | -10.1 | |||
| Corporate Deposit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.99 | -20.1 | -2.92 | |||
| market share | |||||||||||||||||
| Market Share in Customer Loans | % | 0.505 | 0.594 | 0.564 | 0.616 | 0.645 | |||||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | ... | ... | ... | 0.866 | 0.840 | 0.960 | 1.05 | ||||||
| Market Share in Retail Loans | % | ... | ... | ... | ... | ... | ... | 0.262 | 0.271 | 0.341 | 0.246 | ||||||
| Market Share in Consumer Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.161 | 0.179 | 0.232 | 0.205 | ||
| Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | ... | 0.052 | 0.056 | 0.113 | 0.159 | ||||||
| Market Share in Total Assets | % | 1.04 | 1.15 | 1.01 | 1.01 | 0.884 | |||||||||||
| Market Share in Customer Deposits | % | 0.976 | 1.06 | 0.983 | 0.951 | 0.853 | |||||||||||
| Market Share in Retail Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | 0.716 | 0.652 | 0.797 | 0.661 | ||||
| Market Share in Corporate Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | 2.56 | 2.41 | 1.94 | 1.59 |
| ratios | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||||||||||||||
| ROE | % | 0.639 | 3.13 | 0.292 | 0.613 | 0.629 | |||||||||||
| ROA | % | 0.061 | 0.272 | 0.027 | 0.068 | 0.083 | |||||||||||
| Costs (As % Of Assets) | % | ... | 3.08 | 2.77 | 2.93 | 3.01 | 3.32 | ||||||||||
| Costs (As % Of Income) | % | ... | 94.8 | 84.1 | 67.9 | 67.9 | 69.4 | ||||||||||
| Capital Adequacy Ratio | % | ... | ... | 15.5 | 13.3 | 20.4 | 22.6 | 20.1 | |||||||||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | 6.00 | 20.4 | 22.6 | 20.1 | ||||
| Net Interest Margin | % | 2.15 | 2.14 | 2.29 | 2.45 | 2.86 | |||||||||||
| Interest Spread | % | ... | 1.81 | 1.84 | 2.04 | 2.19 | 2.67 | ||||||||||
| Asset Yield | % | 5.36 | 5.25 | 4.79 | 4.50 | 4.17 | |||||||||||
| Cost Of Liabilities | % | ... | 3.54 | 3.40 | 2.75 | 2.30 | 1.51 | ||||||||||
| Interest Income (As % Of Revenues) | % | 66.2 | 64.8 | 53.1 | 55.2 | 59.8 | |||||||||||
| Fee Income (As % Of Revenues) | % | 24.0 | 27.0 | 24.9 | 24.8 | 24.7 | |||||||||||
| Other Income (As % Of Revenues) | % | 9.72 | 8.19 | 22.0 | 20.0 | 15.5 | |||||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | 1,247 | 1,149 | 1,217 | 1,167 | 1,136 | |||||||
| Cost Per Employee (Local Currency) | BGN per month | ... | ... | ... | ... | 1,754 | 1,748 | 1,793 | 1,771 | 1,934 | |||||||
| Staff Cost (As % Of Total Cost) | % | ... | 44.1 | 42.8 | 40.0 | 42.3 | 43.2 | ||||||||||
| Equity (As % Of Assets) | % | 8.49 | 8.83 | 9.43 | 12.8 | 13.6 | |||||||||||
| Loans (As % Of Deposits) | % | 52.5 | 54.0 | 50.9 | 52.0 | 57.4 | |||||||||||
| Loans (As % Assets) | % | 43.9 | 44.5 | 44.8 | 44.6 | 48.6 | |||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 1.74 | 4.23 | 5.30 | 6.63 | ||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | 67.9 | 95.9 | 126 | 128 | ||||
| Provisions (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | 1.20 | 4.22 | 7.17 | 9.24 | ||||||
| Cost of Provisions (As % Of Loans) | % | 0.237 | 0.504 | 3.03 | 3.02 | 2.96 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||||
| Branches | ... | ... | ... | ... | 54.0 | 59.0 | 60.0 | 60.0 | 60.0 | ||||||||
| Employees | ... | ... | ... | ... | 356 | 387 | 393 | 425 | 428 | ||||||||
| ATMs | ... | ... | ... | ... | ... | ... | ... | ... | 64.0 | 69.0 | 70.0 | 70.0 | 68.0 | ||||
| Clients | mil | ... | ... | ... | ... | ... | ... | 0.032 | 0.045 | 0.055 | 0.066 | 0.087 | ... | ... | |||
| Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 51.0 | 50.3 | 42.6 |
Get all company financials in excel:
By Helgi Library - September 23, 2018
D Commerce Bank's mortgage loans reached BGN 28.3 mil in 2017, up 36.2% 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. D Commerce Bank accounted for 0.299% ...
By Helgi Library - September 23, 2018
D Commerce Bank's non-performing loans reached 9.03% of total loans at the end of 2017, down from 11.6% compared to the previous year. Historically, the NPL ratio hit an all time high of 11.6% in 2016 and an all time low of 0.894% in 2005. Provision coverag...
By Helgi Library - September 23, 2018
D Commerce Bank's non-performing loans reached 9.03% of total loans at the end of 2017, down from 11.6% compared to the previous year. Historically, the NPL ratio hit an all time high of 11.6% in 2016 and an all time low of 0.894% in 2005. Provision coverag...
By Helgi Library - September 23, 2018
D Commerce Bank employed 450 persons in 2017, up 3.45% when compared to the previous year. Historically, the bank's workforce hit an all time high of 450 persons in 2017 and an all time low of 86.0 in 2006. Average cost reached USD 1,193 per month per employee, ...
By Helgi Library - September 23, 2018
D Commerce Bank employed 450 persons in 2017, up 3.45% when compared to the previous year. Historically, the bank's workforce hit an all time high of 450 persons in 2017 and an all time low of 86.0 in 2006. Average cost reached USD 1,193 per month per employee, ...
By Helgi Library - September 20, 2018
D Commerce Bank generated total banking revenues of BGN 36.8 mil in 2017, down 10.3% 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 year. ...
By Helgi Library - September 20, 2018
D Commerce Bank generated total banking revenues of BGN 36.8 mil in 2017, down 10.3% 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 year. ...
By Helgi Library - September 2, 2018
D Commerce Bank's customer loans reached BGN 387 mil in 2017, up 8.06% 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. D Commerce Bank accounted for 0.649% o...
By Helgi Library - September 2, 2018
D Commerce Bank's customer deposits reached BGN 636 mil in 2017, up 2.53% compared to the previous year. Bulgarian banking sector accepted customer deposits of BGN 76.5 bil in 2017, up 5.94% when compared to the last year. D Commerce Bank accounted for 0....
By Helgi Library - September 2, 2018
D Commerce Bank's customer loans reached BGN 387 mil in 2017, up 8.06% 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. D Commerce Bank accounted for 0.649% o...
D Commerce Bank 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. Bank's main priority is to support the export activities and to increase the trade turnover of Bulgaria with Turkey by financing local manufacturing, finding buyers and attracting investors for increasing the volumes and the quality of products. At the end of 2013, the Bank operated 60 branches and 70 ATMs and employed nearly 400 persons in Bulgaria. The Bank was acquired by Mr. Fuat Güven in 2006. Following a share capital increase in April 2014, Fortera Ltd. owns over 33% of the Bank.
D Commerce Bank has been growing its revenues and asset by 10.3% and 0.306% a year on average in the last 5 years. Its loans and deposits have grown by 3.20% and 0.757% a year during that time and loans to deposits ratio reached 60.9% at the end of 2017. The company achieved an average return on equity of 2.82% in the last five years with net profit growing 44.0% a year on average. In terms of operating efficiency, its cost to income ratio reached 63.3% in 2017, compared to 64.6% average in the last five years.
Equity represented 13.7% of total assets or 26.7% of loans at the end of 2017. D Commerce Bank's non-performing loans were 9.03% of total loans while provisions covered some 101% of NPLs at the end of 2017.
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