By Helgi Library - September 3, 2018
Municipal Bank's customer deposits reached BGN 1,411 mil in 2017, up 15.0% compared to the previous year. Bulgarian banking sec...
By Helgi Library - September 3, 2018
Municipal Bank's customer deposits reached BGN 1,411 mil in 2017, up 15.0% compared to the previous year. Bulgarian banking sec...
By Helgi Library - September 3, 2018
Municipal Bank's net interest margin amounted to 2.28% in 2017, down from 2.53% compared to the previous year. Historicall...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | BGN mil | 28.6 | 31.8 | 32.2 |
| Net Fee Income | BGN mil | 8.67 | 8.77 | 9.86 |
| Other Income | BGN mil | 5.34 | 2.50 | -0.272 |
| Total Revenues | BGN mil | 42.6 | 43.0 | 41.8 |
| Operating Profit | BGN mil | 4.86 | 3.57 | 5.85 |
| Provisions | BGN mil | -0.982 | 1.50 | 1.70 |
| Net Profit | BGN mil | 5.41 | 2.21 | 4.67 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Customer Loans | BGN mil | 393 | 448 | 435 |
| Total Assets | BGN mil | 1,193 | 1,320 | 1,510 |
| Shareholders' Equity | BGN mil | 80.9 | 90.5 | 95.5 |
| Interbank Borrowing | BGN mil | 0 | 0 | 0 |
| Customer Deposits | BGN mil | 1,110 | 1,227 | 1,411 |
| Issued Debt Securities | BGN mil | 0 | 0 | 0 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 6.92 | 2.57 | 5.02 |
| ROA | % | 0.443 | 0.176 | 0.330 |
| Costs (As % Of Assets) | % | 3.09 | 3.14 | 2.54 |
| Costs (As % Of Income) | % | 88.6 | 91.7 | 86.0 |
| Net Interest Margin | % | 2.34 | 2.53 | 2.28 |
| Loans (As % Of Deposits) | % | 35.4 | 36.5 | 30.8 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | -1.07 | 1.12 | -2.84 |
| Operating Cost Growth | % | 3.06 | 4.69 | -8.87 |
| Operating Profit Growth | % | -24.5 | -26.6 | 64.0 |
| Net Profit Growth | % | -5.91 | -59.2 | 111 |
| Customer Loan Growth | % | 1.44 | 14.0 | -3.03 |
| Total Asset Growth | % | -4.31 | 10.7 | 14.4 |
| Customer Deposit Growth | % | -4.77 | 10.5 | 15.0 |
| Shareholders' Equity Growth | % | 7.33 | 11.9 | 5.43 |
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 | 30.5 | 31.5 | 31.7 | 25.7 | 28.6 | ||||||
| Total Revenues | BGN mil | 44.6 | 57.7 | 50.0 | 43.0 | 42.6 | ||||||
| Operating Profit | BGN mil | 9.82 | 24.7 | 16.0 | 6.44 | 4.86 | ||||||
| Net Profit | BGN mil | 2.91 | 6.03 | 6.05 | 5.75 | 5.41 | ||||||
| balance sheet | ||||||||||||
| Customer Loans | BGN mil | 418 | 365 | 457 | 388 | 393 | ||||||
| Debt Securities | BGN mil | 402 | 426 | 501 | 525 | 548 | ||||||
| Total Assets | BGN mil | 954 | 1,017 | 1,156 | 1,247 | 1,193 | ||||||
| Shareholders' Equity | BGN mil | 63.0 | 63.4 | 69.6 | 75.4 | 80.9 | ||||||
| Interbank Borrowing | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Customer Deposits | BGN mil | 888 | 949 | 1,082 | 1,166 | 1,110 | ||||||
| Issued Debt Securities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| ratios | ||||||||||||
| ROE | % | 4.73 | 9.54 | 9.10 | 7.93 | 6.92 | ||||||
| ROA | % | 0.299 | 0.611 | 0.557 | 0.479 | 0.443 | ||||||
| Costs (As % Of Assets) | % | 3.56 | 3.34 | 3.13 | 3.05 | 3.09 | ||||||
| Costs (As % Of Income) | % | 78.0 | 57.1 | 68.0 | 85.0 | 88.6 | ||||||
| Net Interest Margin | % | 3.13 | 3.20 | 2.91 | 2.14 | 2.34 | ||||||
| Interest Income (As % Of Revenues) | % | 68.4 | 54.7 | 63.4 | 59.6 | 67.1 | ||||||
| Fee Income (As % Of Revenues) | % | 23.7 | 16.3 | 17.7 | 20.6 | 20.4 | ||||||
| Equity (As % Of Assets) | % | 6.60 | 6.23 | 6.03 | 6.05 | 6.78 | ||||||
| Loans (As % Of Deposits) | % | 47.1 | 38.5 | 42.2 | 33.3 | 35.4 | ||||||
| Loans (As % Assets) | % | 43.8 | 35.9 | 39.5 | 31.1 | 33.0 | ||||||
| valuation | ||||||||||||
| Book Value Per Share Growth | % | ... | 17.2 | 3.33 | 0.444 | -19.0 | 11.3 |
| income statement | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Interest Income | BGN mil | 54.8 | 53.1 | 52.4 | 45.1 | 40.4 | ||||||
| Interest Cost | BGN mil | 24.3 | 21.6 | 20.7 | 19.5 | 11.9 | ||||||
| Net Interest Income | BGN mil | 30.5 | 31.5 | 31.7 | 25.7 | 28.6 | ||||||
| Net Fee Income | BGN mil | 10.6 | 9.37 | 8.87 | 8.85 | 8.67 | ||||||
| Other Income | BGN mil | 3.53 | 16.8 | 9.45 | 8.52 | 5.34 | ||||||
| Total Revenues | BGN mil | 44.6 | 57.7 | 50.0 | 43.0 | 42.6 | ||||||
| Depreciation | BGN mil | 3.01 | 2.31 | 2.19 | 2.03 | 2.05 | ||||||
| Operating Cost | BGN mil | 34.8 | 32.9 | 34.0 | 36.6 | 37.7 | ||||||
| Operating Profit | BGN mil | 9.82 | 24.7 | 16.0 | 6.44 | 4.86 | ||||||
| Provisions | BGN mil | 6.87 | 19.0 | 9.98 | 0.314 | -0.982 | ||||||
| Extra and Other Cost | BGN mil | -0.321 | -0.291 | -0.343 | -0.331 | -0.243 | ||||||
| Pre-Tax Profit | BGN mil | 3.27 | 6.03 | 6.37 | 6.46 | 6.09 | ||||||
| Tax | BGN mil | 0.357 | 0 | 0.316 | 0.708 | 0.676 | ||||||
| Minorities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Net Profit | BGN mil | 2.91 | 6.03 | 6.05 | 5.75 | 5.41 | ||||||
| growth rates | ||||||||||||
| Net Interest Income Growth | % | ... | 17.2 | 3.33 | 0.444 | -19.0 | 11.3 | |||||
| Net Fee Income Growth | % | ... | 9.40 | -11.3 | -5.31 | -0.214 | -2.03 | |||||
| Total Revenue Growth | % | ... | 16.0 | 29.3 | -13.3 | -13.9 | -1.07 | |||||
| Operating Cost Growth | % | ... | -1.86 | -5.35 | 3.24 | 7.66 | 3.06 | |||||
| Operating Profit Growth | % | ... | 227 | 152 | -35.3 | -59.7 | -24.5 | |||||
| Pre-Tax Profit Growth | % | ... | 56.9 | 84.3 | 5.61 | 1.46 | -5.76 | |||||
| Net Profit Growth | % | ... | 59.7 | 107 | 0.365 | -4.94 | -5.91 | |||||
| market share | ||||||||||||
| Market Share in Revenues | % | 1.14 | 1.51 | 1.35 | 1.10 | 1.03 | ||||||
| Market Share in Net Profit | % | 0.615 | 1.15 | 1.20 | 0.809 | 0.602 |
| balance sheet | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||
| Cash | BGN mil | 83.5 | 171 | 145 | 278 | 190 | ||||||
| Customer Loans | BGN mil | 418 | 365 | 457 | 388 | 393 | ||||||
| Debt Securities | BGN mil | 402 | 426 | 501 | 525 | 548 | ||||||
| Fixed Assets | BGN mil | 44.2 | 49.6 | 48.9 | 48.4 | 48.8 | ||||||
| Total Assets | BGN mil | 954 | 1,017 | 1,156 | 1,247 | 1,193 | ||||||
| Shareholders' Equity | BGN mil | 63.0 | 63.4 | 69.6 | 75.4 | 80.9 | ||||||
| Of Which Minority Interest | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Liabilities | BGN mil | 891 | 954 | 1,086 | 1,171 | 1,112 | ||||||
| Interbank Borrowing | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Customer Deposits | BGN mil | 888 | 949 | 1,082 | 1,166 | 1,110 | ||||||
| Issued Debt Securities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Other Liabilities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| growth rates | ||||||||||||
| Customer Loan Growth | % | ... | -17.4 | -12.6 | 24.9 | -15.1 | 1.44 | |||||
| Total Asset Growth | % | ... | -4.28 | 6.59 | 13.6 | 7.89 | -4.31 | |||||
| Shareholders' Equity Growth | % | ... | 4.54 | 0.565 | 9.87 | 8.28 | 7.33 | |||||
| Customer Deposit Growth | % | ... | -2.81 | 6.91 | 13.9 | 7.78 | -4.77 | |||||
| market share | ||||||||||||
| Market Share in Customer Loans | % | 0.772 | 0.656 | 0.818 | 0.752 | 0.776 | ||||||
| Market Share in Total Assets | % | 1.59 | 1.58 | 1.66 | 1.78 | 1.57 | ||||||
| Market Share in Customer Deposits | % | 1.66 | 1.64 | 1.72 | 1.82 | 1.66 |
| ratios | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||
| ROE | % | 4.73 | 9.54 | 9.10 | 7.93 | 6.92 | ||||||
| ROA | % | 0.299 | 0.611 | 0.557 | 0.479 | 0.443 | ||||||
| Costs (As % Of Assets) | % | 3.56 | 3.34 | 3.13 | 3.05 | 3.09 | ||||||
| Costs (As % Of Income) | % | 78.0 | 57.1 | 68.0 | 85.0 | 88.6 | ||||||
| Net Interest Margin | % | 3.13 | 3.20 | 2.91 | 2.14 | 2.34 | ||||||
| Interest Spread | % | ... | 2.96 | 3.05 | 2.79 | 2.03 | 2.27 | |||||
| Asset Yield | % | 5.62 | 5.38 | 4.82 | 3.76 | 3.31 | ||||||
| Cost Of Liabilities | % | ... | 2.66 | 2.34 | 2.03 | 1.72 | 1.04 | |||||
| Interest Income (As % Of Revenues) | % | 68.4 | 54.7 | 63.4 | 59.6 | 67.1 | ||||||
| Fee Income (As % Of Revenues) | % | 23.7 | 16.3 | 17.7 | 20.6 | 20.4 | ||||||
| Other Income (As % Of Revenues) | % | 7.92 | 29.1 | 18.9 | 19.8 | 12.5 | ||||||
| Equity (As % Of Assets) | % | 6.60 | 6.23 | 6.03 | 6.05 | 6.78 | ||||||
| Loans (As % Of Deposits) | % | 47.1 | 38.5 | 42.2 | 33.3 | 35.4 | ||||||
| Loans (As % Assets) | % | 43.8 | 35.9 | 39.5 | 31.1 | 33.0 | ||||||
| Cost of Provisions (As % Of Loans) | % | 1.49 | 4.85 | 2.43 | 0.074 | -0.251 |
Get all company financials in excel:
By Helgi Library - September 3, 2018
Municipal Bank's net interest margin amounted to 2.28% in 2017, down from 2.53% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.31% in 2008 and an all time low of 2.14% in 2014. The average margi...
By Helgi Library - September 3, 2018
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 1.8...
By Helgi Library - September 3, 2018
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 1.8...
By Helgi Library - September 20, 2018
Municipal Bank generated total banking revenues of BGN 41.8 mil in 2017, down 2.84% 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
Municipal Bank generated total banking revenues of BGN 41.8 mil in 2017, down 2.84% 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 3, 2018
Municipal Bank's customer loans reached BGN 435 mil in 2017, down 3.03% 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. Municipal Bank accounted for 0.729% o...
By Helgi Library - September 3, 2018
Municipal Bank's customer loans reached BGN 435 mil in 2017, down 3.03% 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. Municipal Bank accounted for 0.729% o...
By Helgi Library - September 3, 2018
Municipal Bank generated total banking revenues of BGN 41.8 mil in 2017, down 2.84% 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 57.7 mil in 2012 and a...
By Helgi Library - September 3, 2018
Municipal Bank generated total banking revenues of BGN 41.8 mil in 2017, down 2.84% 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 57.7 mil in 2012 and a...
By Helgi Library - September 3, 2018
Municipal Bank's customer loan growth reached -3.03% in 2017, down from 14.0% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 30.3% in 2010 and an all time low of -28.1% in 2008. In the last decade, the ave...
Municipal Bank has been growing its revenues and asset by -0.944% and 6.61% a year on average in the last 3 years. Its loans and deposits have grown by 3.89% and 6.58% a year during that time and loans to deposits ratio reached 30.8% at the end of 2017. The company achieved an average return on equity of 4.84% in the last three years with net profit growing -6.73% a year on average. In terms of operating efficiency, its cost to income ratio reached 86.0% in 2017, compared to 88.8% average in the last three years.
Equity represented 6.32% of total assets or 22.0% of loans at the end of 2017. Municipal Bank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.
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