By Helgi Library - September 2, 2018
Raiffeisenbank Bulgaria made a net profit of BGN 137 mil under revenues of BGN 314 mil in 2017, up -1.05% and -4.08% respectively com...
By Helgi Library - September 2, 2018
Raiffeisenbank Bulgaria made a net profit of BGN 137 mil under revenues of BGN 314 mil in 2017, up -1.05% and -4.08% respectively com...
By Helgi Library - September 2, 2018
Raiffeisenbank Bulgaria's net interest margin amounted to 3.00% in 2017, down from 3.30% compared to the previous year. Hi...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | BGN mil | 213 | 214 | 206 |
| Net Fee Income | BGN mil | 70.4 | 71.5 | 76.5 |
| Other Income | BGN mil | 24.7 | 42.3 | 32.1 |
| Total Revenues | BGN mil | 308 | 328 | 314 |
| Staff Cost | BGN mil | 70.9 | 75.2 | 77.5 |
| Operating Profit | BGN mil | 130 | 155 | 142 |
| Provisions | BGN mil | 60.9 | 1.09 | -10.4 |
| Net Profit | BGN mil | 62.6 | 139 | 137 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | BGN mil | 783 | 383 | 347 |
| Customer Loans | BGN mil | 3,555 | 3,980 | 4,420 |
| Total Assets | BGN mil | 6,463 | 6,511 | 7,199 |
| Shareholders' Equity | BGN mil | 920 | 916 | 931 |
| Interbank Borrowing | BGN mil | 349 | 31.8 | 59.9 |
| Customer Deposits | BGN mil | 4,753 | 4,735 | 5,377 |
| Issued Debt Securities | BGN mil | 368 | 753 | 705 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 6.81 | 15.1 | 14.9 |
| ROA | % | 1.01 | 2.14 | 2.00 |
| Costs (As % Of Assets) | % | 2.86 | 2.67 | 2.51 |
| Costs (As % Of Income) | % | 57.7 | 52.7 | 54.8 |
| Capital Adequacy Ratio | % | 36.5 | 32.2 | 31.6 |
| Net Interest Margin | % | 3.42 | 3.30 | 3.00 |
| Loans (As % Of Deposits) | % | 74.8 | 84.1 | 82.2 |
| NPLs (As % Of Loans) | % | 11.0 | 7.05 | 4.33 |
| Provisions (As % Of NPLs) | % | 66.3 | 83.0 | 89.0 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | -6.73 | 6.38 | -4.08 |
| Operating Cost Growth | % | 1.89 | -2.80 | -0.322 |
| Operating Profit Growth | % | -16.4 | 18.9 | -8.27 |
| Net Profit Growth | % | 33.3 | 122 | -1.06 |
| Customer Loan Growth | % | -1.57 | 11.9 | 11.1 |
| Total Asset Growth | % | 7.99 | 0.729 | 10.6 |
| Customer Deposit Growth | % | 12.4 | -0.378 | 13.6 |
| Shareholders' Equity Growth | % | 0.182 | -0.401 | 1.64 |
| Employees | 2,767 | 2,736 | 2,711 | |
Get all company financials in excel:
| summary | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||||
| Net Interest Income | BGN mil | 280 | 233 | 227 | 236 | 213 | ||||||||||||
| Total Revenues | BGN mil | 375 | 324 | 313 | 330 | 308 | ||||||||||||
| Operating Profit | BGN mil | ... | 188 | 144 | 124 | 156 | 130 | |||||||||||
| Net Profit | BGN mil | 50.4 | 3.31 | -45.0 | 46.9 | 62.6 | ||||||||||||
| balance sheet | ||||||||||||||||||
| Interbank Loans | BGN mil | 542 | 355 | 449 | 394 | 783 | ||||||||||||
| Customer Loans | BGN mil | 4,606 | 4,482 | 4,188 | 3,612 | 3,555 | ||||||||||||
| Debt Securities | BGN mil | 837 | 748 | 749 | 936 | 777 | ||||||||||||
| Total Assets | BGN mil | 6,544 | 6,177 | 5,963 | 5,985 | 6,463 | ||||||||||||
| Shareholders' Equity | BGN mil | 958 | 918 | 871 | 918 | 920 | ||||||||||||
| Interbank Borrowing | BGN mil | 909 | 601 | 595 | 394 | 349 | ||||||||||||
| Customer Deposits | BGN mil | 4,356 | 4,362 | 4,169 | 4,230 | 4,753 | ||||||||||||
| Issued Debt Securities | BGN mil | 179 | 187 | 253 | 366 | 368 | ||||||||||||
| ratios | ||||||||||||||||||
| ROE | % | 5.32 | 0.353 | -5.03 | 5.25 | 6.81 | ||||||||||||
| ROA | % | 0.768 | 0.052 | -0.741 | 0.786 | 1.01 | ||||||||||||
| Costs (As % Of Assets) | % | ... | 2.86 | 2.82 | 3.12 | 2.92 | 2.86 | |||||||||||
| Costs (As % Of Income) | % | ... | 50.0 | 55.4 | 60.4 | 52.8 | 57.7 | |||||||||||
| Capital Adequacy Ratio | % | ... | ... | 17.6 | 17.1 | 19.2 | 36.7 | 36.5 | ||||||||||
| Net Interest Margin | % | 4.27 | 3.66 | 3.74 | 3.95 | 3.42 | ||||||||||||
| Interest Income (As % Of Revenues) | % | 74.6 | 71.8 | 72.5 | 71.5 | 69.1 | ||||||||||||
| Fee Income (As % Of Revenues) | % | 15.8 | 18.5 | 19.9 | 20.2 | 22.8 | ||||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 41.8 | 40.6 | 37.6 | 39.8 | 39.9 | |||||||||||
| Equity (As % Of Assets) | % | 14.6 | 14.9 | 14.6 | 15.3 | 14.2 | ||||||||||||
| Loans (As % Of Deposits) | % | 106 | 103 | 100 | 85.4 | 74.8 | ||||||||||||
| Loans (As % Assets) | % | 70.4 | 72.6 | 70.2 | 60.4 | 55.0 | ||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | 8.18 | 8.28 | 8.40 | 5.93 | 11.0 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | 89.4 | 109 | 118 | 130 | 66.3 | |||||||
| valuation | ||||||||||||||||||
| Book Value Per Share Growth | % | ... | -5.06 | -17.0 | -2.30 | 3.99 | -9.81 |
| income statement | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||||
| Interest Income | BGN mil | 432 | 367 | 321 | 299 | 245 | ||||||||||||
| Interest Cost | BGN mil | 152 | 135 | 93.5 | 62.4 | 32.0 | ||||||||||||
| Net Interest Income | BGN mil | 280 | 233 | 227 | 236 | 213 | ||||||||||||
| Net Fee Income | BGN mil | 59.4 | 59.9 | 62.3 | 66.8 | 70.4 | ||||||||||||
| Other Income | BGN mil | 35.9 | 31.5 | 23.9 | 27.3 | 24.7 | ||||||||||||
| Total Revenues | BGN mil | 375 | 324 | 313 | 330 | 308 | ||||||||||||
| Staff Cost | BGN mil | ... | 78.4 | 73.0 | 71.1 | 69.5 | 70.9 | |||||||||||
| Depreciation | BGN mil | ... | 22.2 | 21.7 | 20.7 | 15.5 | 11.3 | |||||||||||
| Other Cost | BGN mil | 87.0 | 84.8 | 97.3 | 89.5 | 95.6 | ||||||||||||
| Operating Cost | BGN mil | ... | 188 | 179 | 189 | 175 | 178 | |||||||||||
| Operating Profit | BGN mil | ... | 188 | 144 | 124 | 156 | 130 | |||||||||||
| Provisions | BGN mil | 132 | 141 | 174 | 103 | 60.9 | ||||||||||||
| Extra and Other Cost | BGN mil | ... | 0 | < 0.001 | 0.010 | 0.361 | 0 | |||||||||||
| Pre-Tax Profit | BGN mil | 55.9 | 3.61 | -49.8 | 52.1 | 69.4 | ||||||||||||
| Tax | BGN mil | 5.54 | 0.297 | -4.81 | 5.12 | 6.85 | ||||||||||||
| Minorities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Net Profit | BGN mil | 50.4 | 3.31 | -45.0 | 46.9 | 62.6 | ||||||||||||
| growth rates | ||||||||||||||||||
| Net Interest Income Growth | % | ... | -5.06 | -17.0 | -2.30 | 3.99 | -9.81 | |||||||||||
| Net Fee Income Growth | % | ... | 7.85 | 0.909 | 3.96 | 7.28 | 5.33 | |||||||||||
| Total Revenue Growth | % | ... | -3.32 | -13.7 | -3.26 | 5.43 | -6.73 | |||||||||||
| Operating Cost Growth | % | ... | ... | 1.27 | -4.34 | 5.37 | -7.70 | 1.89 | ||||||||||
| Operating Profit Growth | % | ... | ... | -7.50 | -23.1 | -14.0 | 25.4 | -16.4 | ||||||||||
| Pre-Tax Profit Growth | % | ... | 13.2 | -93.5 | -1,479 | -205 | 33.4 | |||||||||||
| Net Profit Growth | % | ... | 13.3 | -93.4 | -1,457 | -204 | 33.3 | |||||||||||
| market share | ||||||||||||||||||
| Market Share in Revenues | % | 9.55 | 8.49 | 8.45 | 8.47 | 7.47 | ||||||||||||
| Market Share in Net Profit | % | 10.6 | 0.631 | ... | 6.61 | 6.97 | ||||||||||||
| Market Share in Employees | % | ... | ... | 10.2 | 9.88 | 9.56 | 9.20 | 9.03 | ||||||||||
| Market Share in Bank Cards | % | ... | ... | ... | ... | ... | ... | ... | 6.01 | 5.69 | 5.95 | 6.33 | 6.45 | |||||
| Market Share in Branches | % | ... | ... | ... | 4.90 | 4.72 | 4.40 | 4.14 | 3.99 |
| balance sheet | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||||||||
| Cash | BGN mil | 475 | 517 | 506 | 929 | 1,276 | ||||||||||||
| Interbank Loans | BGN mil | 542 | 355 | 449 | 394 | 783 | ||||||||||||
| Customer Loans | BGN mil | 4,606 | 4,482 | 4,188 | 3,612 | 3,555 | ||||||||||||
| Retail Loans | BGN mil | 1,381 | 1,374 | 1,569 | 1,484 | 1,382 | ||||||||||||
| Mortgage Loans | BGN mil | ... | ... | ... | ... | ... | 729 | 698 | 824 | 771 | 741 | |||||||
| Consumer Loans | BGN mil | ... | ... | ... | ... | ... | 549 | 590 | 666 | 641 | 641 | |||||||
| Corporate Loans | BGN mil | 3,589 | 3,552 | 3,082 | 2,429 | 2,388 | ||||||||||||
| Debt Securities | BGN mil | 837 | 748 | 749 | 936 | 777 | ||||||||||||
| Fixed Assets | BGN mil | 63.7 | 48.2 | 35.2 | 27.2 | 42.2 | ||||||||||||
| Total Assets | BGN mil | 6,544 | 6,177 | 5,963 | 5,985 | 6,463 | ||||||||||||
| Shareholders' Equity | BGN mil | 958 | 918 | 871 | 918 | 920 | ||||||||||||
| Of Which Minority Interest | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Liabilities | BGN mil | 5,586 | 5,259 | 5,092 | 5,067 | 5,544 | ||||||||||||
| Interbank Borrowing | BGN mil | 909 | 601 | 595 | 394 | 349 | ||||||||||||
| Customer Deposits | BGN mil | 4,356 | 4,362 | 4,169 | 4,230 | 4,753 | ||||||||||||
| Retail Deposits | BGN mil | 2,151 | 2,217 | 2,162 | 2,366 | 2,653 | ||||||||||||
| Corporate Deposits | BGN mil | 2,205 | 2,145 | 2,008 | 1,864 | 2,100 | ||||||||||||
| Sight Deposits | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,152 | 2,347 | 3,024 | ||
| Term Deposits | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,017 | 1,883 | 1,729 | ||
| Issued Debt Securities | BGN mil | 179 | 187 | 253 | 366 | 368 | ||||||||||||
| Other Liabilities | BGN mil | 142 | 108 | 74.6 | 78.2 | 74.3 | ||||||||||||
| asset quality | ||||||||||||||||||
| Non-Performing Loans | BGN mil | ... | ... | ... | ... | ... | 407 | 408 | 391 | 232 | 421 | |||||||
| Gross Loans | BGN mil | 4,970 | 4,926 | 4,651 | 3,913 | 3,834 | ||||||||||||
| Total Provisions | BGN mil | 364 | 443 | 463 | 301 | 279 | ||||||||||||
| growth rates | ||||||||||||||||||
| Customer Loan Growth | % | ... | 7.57 | -2.68 | -6.57 | -13.8 | -1.57 | |||||||||||
| Retail Loan Growth | % | ... | 8.91 | -0.517 | 14.2 | -5.41 | -6.83 | |||||||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | ... | ... | 3.40 | -4.18 | 18.0 | -6.46 | -3.87 | ||||||
| Consumer Loan Growth | % | ... | ... | ... | ... | ... | ... | 20.7 | 7.38 | 12.9 | -3.76 | 0.121 | ||||||
| Corporate Loan Growth | % | ... | 8.41 | -1.02 | -13.2 | -21.2 | -1.68 | |||||||||||
| Total Asset Growth | % | ... | -0.396 | -5.61 | -3.46 | 0.367 | 7.99 | |||||||||||
| Shareholders' Equity Growth | % | ... | 2.24 | -4.16 | -5.13 | 5.39 | 0.182 | |||||||||||
| Customer Deposit Growth | % | ... | 5.71 | 0.137 | -4.42 | 1.46 | 12.4 | |||||||||||
| Retail Deposit Growth | % | ... | 9.85 | 3.05 | -2.50 | 9.47 | 12.1 | |||||||||||
| Corporate Deposit Growth | % | ... | 1.94 | -2.71 | -6.42 | -7.16 | 12.7 | |||||||||||
| market share | ||||||||||||||||||
| Market Share in Customer Loans | % | 8.50 | 8.05 | 7.50 | 7.01 | 7.01 | ||||||||||||
| Market Share in Corporate Loans | % | 10.7 | 10.1 | 8.78 | 7.83 | 7.84 | ||||||||||||
| Market Share in Retail Loans | % | ... | ... | ... | ... | ... | 5.48 | 6.03 | 6.75 | 6.65 | 6.76 | |||||||
| Market Share in Consumer Loans | % | 7.31 | 7.34 | 8.40 | 8.07 | 7.62 | ||||||||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | 8.21 | 7.81 | 9.33 | 8.81 | 8.57 | |||||||
| Market Share in Total Assets | % | 10.9 | 9.57 | 8.55 | 8.53 | 8.49 | ||||||||||||
| Market Share in Customer Deposits | % | 8.15 | 7.53 | 6.63 | 6.59 | 7.11 | ||||||||||||
| Market Share in Retail Deposits | % | 6.97 | 6.43 | 5.73 | 6.03 | 6.23 | ||||||||||||
| Market Share in Corporate Deposits | % | 16.1 | 15.0 | 13.0 | 12.1 | 11.5 |
| ratios | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||||||||
| ROE | % | 5.32 | 0.353 | -5.03 | 5.25 | 6.81 | ||||||||||||
| ROA | % | 0.768 | 0.052 | -0.741 | 0.786 | 1.01 | ||||||||||||
| Costs (As % Of Assets) | % | ... | 2.86 | 2.82 | 3.12 | 2.92 | 2.86 | |||||||||||
| Costs (As % Of Income) | % | ... | 50.0 | 55.4 | 60.4 | 52.8 | 57.7 | |||||||||||
| Capital Adequacy Ratio | % | ... | ... | 17.6 | 17.1 | 19.2 | 36.7 | 36.5 | ||||||||||
| Tier 1 Ratio | % | ... | ... | 16.0 | 16.3 | 16.9 | 26.1 | 25.4 | ||||||||||
| Net Interest Margin | % | 4.27 | 3.66 | 3.74 | 3.95 | 3.42 | ||||||||||||
| Interest Spread | % | ... | 3.88 | 3.29 | 3.48 | 3.77 | 3.33 | |||||||||||
| Asset Yield | % | 6.59 | 5.77 | 5.28 | 5.00 | 3.94 | ||||||||||||
| Cost Of Liabilities | % | ... | 2.71 | 2.48 | 1.81 | 1.23 | 0.603 | |||||||||||
| Interest Income (As % Of Revenues) | % | 74.6 | 71.8 | 72.5 | 71.5 | 69.1 | ||||||||||||
| Fee Income (As % Of Revenues) | % | 15.8 | 18.5 | 19.9 | 20.2 | 22.8 | ||||||||||||
| Other Income (As % Of Revenues) | % | 9.57 | 9.72 | 7.63 | 8.27 | 8.01 | ||||||||||||
| Cost Per Employee | USD per month | ... | ... | 1,337 | 1,206 | 1,284 | 1,308 | 1,254 | ||||||||||
| Cost Per Employee (Local Currency) | BGN per month | ... | ... | 1,881 | 1,836 | 1,892 | 1,985 | 2,135 | ||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 41.8 | 40.6 | 37.6 | 39.8 | 39.9 | |||||||||||
| Equity (As % Of Assets) | % | 14.6 | 14.9 | 14.6 | 15.3 | 14.2 | ||||||||||||
| Loans (As % Of Deposits) | % | 106 | 103 | 100 | 85.4 | 74.8 | ||||||||||||
| Loans (As % Assets) | % | 70.4 | 72.6 | 70.2 | 60.4 | 55.0 | ||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | 8.18 | 8.28 | 8.40 | 5.93 | 11.0 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | 89.4 | 109 | 118 | 130 | 66.3 | |||||||
| Provisions (As % Of Loans) | % | 7.90 | 9.89 | 11.0 | 8.33 | 7.85 | ||||||||||||
| Cost of Provisions (As % Of Loans) | % | 2.97 | 3.10 | 4.01 | 2.65 | 1.70 |
| other data | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | ||||||||||||||||||
| Branches | ... | ... | 185 | 181 | 166 | 154 | 147 | |||||||||||
| Employees | ... | ... | 3,474 | 3,312 | 3,133 | 2,917 | 2,767 | |||||||||||
| ATMs | ... | ... | ... | ... | ... | 613 | 613 | 580 | 590 | 570 | ||||||||
| Clients | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Payment Cards | '000 | ... | ... | ... | ... | ... | ... | ... | 480 | 470 | 460 | 465 | 470 | |||||
| Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 51.6 | 55.5 | 63.6 |
Get all company financials in excel:
By Helgi Library - September 2, 2018
Raiffeisenbank Bulgaria's net interest margin amounted to 3.00% in 2017, down from 3.30% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.46% in 2010 and an all time low of 3.00% in 2017. The aver...
By Helgi Library - September 2, 2018
Raiffeisenbank Bulgaria's customer deposits reached BGN 5,377 mil in 2017, up 13.6% 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. Raiffeisenbank Bulgari...
By Helgi Library - September 2, 2018
Raiffeisenbank Bulgaria's customer deposits reached BGN 5,377 mil in 2017, up 13.6% 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. Raiffeisenbank Bulgari...
By Helgi Library - September 20, 2018
Raiffeisenbank Bulgaria's consumer loans reached BGN 1,033 mil in 2017, up 18.4% compared to the previous year. Bulgarian banking sector provided consumer loans of BGN 10.2 bil in 2017, up 4.82% when compared to the last year. Raiffeisenbank Bulgaria acco...
By Helgi Library - September 20, 2018
Raiffeisenbank Bulgaria's consumer loans reached BGN 1,033 mil in 2017, up 18.4% compared to the previous year. Bulgarian banking sector provided consumer loans of BGN 10.2 bil in 2017, up 4.82% when compared to the last year. Raiffeisenbank Bulgaria acco...
By Helgi Library - September 20, 2018
Raiffeisenbank Bulgaria's retail deposits reached BGN 3,015 mil in 2017, up 10.8% compared to the previous year. Bulgarian banking sector accepted retail deposits of BGN 47.8 bil in 2017, up 5.40% when compared to the last year. Raiffeisenbank Bulgaria ac...
By Helgi Library - September 20, 2018
Raiffeisenbank Bulgaria's retail deposits reached BGN 3,015 mil in 2017, up 10.8% compared to the previous year. Bulgarian banking sector accepted retail deposits of BGN 47.8 bil in 2017, up 5.40% when compared to the last year. Raiffeisenbank Bulgaria ac...
By Helgi Library - September 2, 2018
Raiffeisenbank Bulgaria's capital adequacy ratio reached 31.6% at the end of 2017, down from 32.2% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 36.7% in 2014 and an all time low of 6.62% in 2003. The Tier 1 rat...
By Helgi Library - September 2, 2018
Raiffeisenbank Bulgaria's capital adequacy ratio reached 31.6% at the end of 2017, down from 32.2% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 36.7% in 2014 and an all time low of 6.62% in 2003. The Tier 1 rat...
By Helgi Library - September 20, 2018
Raiffeisenbank Bulgaria's mortgage loans reached BGN 823 mil in 2017, up 4.72% 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. Raiffeisenbank Bulgaria accoun...
Raiffeisenbank (Bulgaria) EAD is a Bulgaria-based medium-sized universal bank. The Bank offers its financial products and services to private customers, small and medium size enterprises, and large corporates. At the end of 2013, the Bank had some 166 branches and 580 ATMs and employed nearly 3,200 persons. The Bank was founded in 1994 and is headquartered in Sofia, Bulgaria. Raiffeisenbank Bulgaria EAD is fully consolidated subsidiary of Raiffeisen Bank International AG (RBI), which is one of the biggest players in the emerging Europe. RBI now operates in 17 different countries, employes about 60,000 people and services approximatelly 14.4 million customers through more than 3,100 branches.
Raiffeisenbank Bulgaria has been growing its revenues and asset by 2.58% and 1.84% a year on average in the last 10 years. Its loans and deposits have grown by 3.35% and 3.95% a year during that time and loans to deposits ratio reached 82.2% at the end of 2017. The company achieved an average return on equity of 7.15% in the last decade with net profit growing 2.37% a year on average. In terms of operating efficiency, its cost to income ratio reached 54.8% in 2017, compared to 53.7% average in the last decade.
Equity represented 12.9% of total assets or 21.1% of loans at the end of 2017. Raiffeisenbank Bulgaria's non-performing loans were 4.33% of total loans while provisions covered some 89.0% of NPLs at the end of 2017.
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