By Helgi Library - September 20, 2018
Societe Generale Expressbank's mortgage loans reached BGN 520 mil in 2017, up 13.2% compared to the previous year. Bulgarian ba...
By Helgi Library - September 20, 2018
Societe Generale Expressbank's mortgage loans reached BGN 520 mil in 2017, up 13.2% compared to the previous year. Bulgarian ba...
By Helgi Library - September 2, 2018
Societe Generale Expressbank made a net profit of BGN 109 mil under revenues of BGN 265 mil in 2017, up 18.3% and 8.63% respectively ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | BGN mil | 154 | 168 | 178 |
| Net Fee Income | BGN mil | 47.8 | 52.8 | 58.7 |
| Other Income | BGN mil | 17.5 | 23.2 | 28.3 |
| Total Revenues | BGN mil | 219 | 244 | 265 |
| Staff Cost | BGN mil | 41.5 | 35.2 | 36.9 |
| Operating Profit | BGN mil | 110 | 137 | 154 |
| Provisions | BGN mil | 26.4 | 32.8 | 34.0 |
| Net Profit | BGN mil | 74.9 | 92.5 | 109 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | BGN mil | 518 | 624 | 594 |
| Customer Loans | BGN mil | 3,250 | 3,972 | 4,316 |
| Total Assets | BGN mil | 5,742 | 6,345 | 6,996 |
| Shareholders' Equity | BGN mil | 614 | 703 | 791 |
| Interbank Borrowing | BGN mil | 694 | 304 | 289 |
| Customer Deposits | BGN mil | 4,325 | 4,817 | 5,219 |
| Issued Debt Securities | BGN mil | 45.6 | 433 | 565 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 12.7 | 14.0 | 14.6 |
| ROA | % | 1.41 | 1.53 | 1.64 |
| Costs (As % Of Assets) | % | 2.05 | 1.77 | 1.65 |
| Costs (As % Of Income) | % | 49.7 | 43.9 | 41.7 |
| Capital Adequacy Ratio | % | 13.7 | 15.0 | 15.4 |
| Net Interest Margin | % | 2.89 | 2.77 | 2.66 |
| Loans (As % Of Deposits) | % | 75.1 | 82.4 | 82.7 |
| NPLs (As % Of Loans) | % | 10.9 | 10.1 | 10.9 |
| Provisions (As % Of NPLs) | % | 57.4 | 55.5 | 51.9 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 18.2 | 11.2 | 8.63 |
| Operating Cost Growth | % | 12.8 | -1.93 | 3.16 |
| Operating Profit Growth | % | 24.1 | 24.2 | 12.9 |
| Net Profit Growth | % | 37.0 | 23.4 | 18.3 |
| Customer Loan Growth | % | 5.37 | 22.2 | 8.68 |
| Total Asset Growth | % | 17.5 | 10.5 | 10.3 |
| Customer Deposit Growth | % | 22.1 | 11.4 | 8.34 |
| Shareholders' Equity Growth | % | 9.45 | 14.5 | 12.5 |
| Employees | 1,631 | 1,612 | 1,621 | |
Get all company financials in excel:
| summary | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||
| Net Interest Income | BGN mil | ... | 125 | 124 | 124 | 135 | 154 | |||||||||
| Total Revenues | BGN mil | ... | 174 | 173 | 173 | 185 | 219 | |||||||||
| Operating Profit | BGN mil | ... | 80.2 | 83.2 | 81.2 | 88.7 | 110 | |||||||||
| Net Profit | BGN mil | ... | 51.6 | 53.5 | 26.1 | 54.7 | 74.9 | |||||||||
| balance sheet | ||||||||||||||||
| Interbank Loans | BGN mil | ... | 271 | 37.4 | 253 | 130 | 518 | |||||||||
| Customer Loans | BGN mil | ... | 2,515 | 2,719 | 2,734 | 3,084 | 3,250 | |||||||||
| Debt Securities | BGN mil | ... | 154 | 169 | 184 | 481 | 589 | |||||||||
| Total Assets | BGN mil | ... | 3,465 | 3,807 | 3,952 | 4,886 | 5,742 | |||||||||
| Shareholders' Equity | BGN mil | ... | 428 | 483 | 508 | 561 | 614 | |||||||||
| Interbank Borrowing | BGN mil | ... | 860 | 900 | 688 | 667 | 694 | |||||||||
| Customer Deposits | BGN mil | ... | 2,046 | 2,272 | 2,599 | 3,542 | 4,325 | |||||||||
| Issued Debt Securities | BGN mil | ... | 97.0 | 107 | 97.8 | 51.4 | 45.6 | |||||||||
| ratios | ||||||||||||||||
| ROE | % | ... | 12.8 | 11.7 | 5.27 | 10.2 | 12.7 | |||||||||
| ROA | % | ... | 1.59 | 1.47 | 0.674 | 1.24 | 1.41 | |||||||||
| Costs (As % Of Assets) | % | ... | 2.88 | 2.48 | 2.36 | 2.19 | 2.05 | |||||||||
| Costs (As % Of Income) | % | ... | 53.8 | 52.0 | 52.9 | 52.1 | 49.7 | |||||||||
| Capital Adequacy Ratio | % | ... | 12.6 | 11.5 | 13.3 | 13.6 | 13.7 | |||||||||
| Net Interest Margin | % | ... | 3.85 | 3.41 | 3.19 | 3.06 | 2.89 | |||||||||
| Interest Income (As % Of Revenues) | % | ... | 71.9 | 71.5 | 71.7 | 73.0 | 70.2 | |||||||||
| Fee Income (As % Of Revenues) | % | ... | 20.0 | 21.3 | 22.2 | 23.5 | 21.8 | |||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 34.3 | 37.5 | 40.0 | 41.7 | 38.1 | |||||||||
| Equity (As % Of Assets) | % | ... | 12.4 | 12.7 | 12.9 | 11.5 | 10.7 | |||||||||
| Loans (As % Of Deposits) | % | ... | 123 | 120 | 105 | 87.1 | 75.1 | |||||||||
| Loans (As % Assets) | % | ... | 72.6 | 71.4 | 69.2 | 63.1 | 56.6 | |||||||||
| NPLs (As % Of Loans) | % | ... | 5.86 | 6.72 | 13.0 | 10.7 | 10.9 | |||||||||
| Provisions (As % Of NPLs) | % | ... | 68.3 | 64.5 | 44.4 | 55.3 | 57.4 | |||||||||
| valuation | ||||||||||||||||
| Book Value Per Share Growth | % | ... | ... | 19.0 | -0.836 | -0.109 | 9.32 | 13.6 |
| income statement | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||||||
| Interest Income | BGN mil | ... | 188 | 190 | 188 | 195 | 196 | |||||||||
| Interest Cost | BGN mil | ... | 63.0 | 66.2 | 64.6 | 59.6 | 42.1 | |||||||||
| Net Interest Income | BGN mil | ... | 125 | 124 | 124 | 135 | 154 | |||||||||
| Net Fee Income | BGN mil | ... | 34.8 | 36.9 | 38.3 | 43.6 | 47.8 | |||||||||
| Other Income | BGN mil | ... | 14.1 | 12.4 | 10.5 | 6.42 | 17.5 | |||||||||
| Total Revenues | BGN mil | ... | 174 | 173 | 173 | 185 | 219 | |||||||||
| Staff Cost | BGN mil | ... | 32.1 | 33.8 | 36.6 | 40.3 | 41.5 | |||||||||
| Depreciation | BGN mil | ... | 15.7 | 16.4 | 17.1 | 17.0 | 11.2 | |||||||||
| Other Cost | BGN mil | ... | 45.8 | 39.9 | 37.8 | 39.4 | 56.3 | |||||||||
| Operating Cost | BGN mil | ... | 93.6 | 90.1 | 91.4 | 96.7 | 109 | |||||||||
| Operating Profit | BGN mil | ... | 80.2 | 83.2 | 81.2 | 88.7 | 110 | |||||||||
| Provisions | BGN mil | ... | 22.9 | 23.6 | 52.1 | 27.5 | 26.4 | |||||||||
| Extra and Other Cost | BGN mil | ... | 0 | 0 | 0 | 0 | 0 | |||||||||
| Pre-Tax Profit | BGN mil | ... | 57.3 | 59.6 | 29.1 | 61.2 | 83.7 | |||||||||
| Tax | BGN mil | ... | 5.69 | 6.01 | 2.83 | 6.61 | 8.76 | |||||||||
| Minorities | BGN mil | ... | 0 | 0.150 | 0.133 | -0.084 | 0.023 | |||||||||
| Net Profit | BGN mil | ... | 51.6 | 53.5 | 26.1 | 54.7 | 74.9 | |||||||||
| growth rates | ||||||||||||||||
| Net Interest Income Growth | % | ... | ... | 19.0 | -0.836 | -0.109 | 9.32 | 13.6 | ||||||||
| Net Fee Income Growth | % | ... | ... | 2.14 | 6.22 | 3.71 | 13.9 | 9.54 | ||||||||
| Total Revenue Growth | % | ... | ... | 14.3 | -0.305 | -0.396 | 7.40 | 18.2 | ||||||||
| Operating Cost Growth | % | ... | ... | 6.66 | -3.73 | 1.42 | 5.77 | 12.8 | ||||||||
| Operating Profit Growth | % | ... | ... | 24.6 | 3.69 | -2.36 | 9.23 | 24.1 | ||||||||
| Pre-Tax Profit Growth | % | ... | ... | 66.7 | 3.99 | -51.2 | 110 | 36.7 | ||||||||
| Net Profit Growth | % | ... | ... | 66.7 | 3.52 | -51.1 | 109 | 37.0 | ||||||||
| market share | ||||||||||||||||
| Market Share in Revenues | % | ... | 4.42 | 4.54 | 4.66 | 4.75 | 5.31 | |||||||||
| Market Share in Net Profit | % | ... | 10.9 | 10.2 | 5.19 | 7.70 | 8.34 | |||||||||
| Market Share in Employees | % | 4.68 | 4.64 | 4.91 | 5.13 | 5.32 | ||||||||||
| Market Share in Bank Cards | % | 3.23 | 3.32 | 3.92 | 4.56 | 5.09 | ||||||||||
| Market Share in Branches | % | ... | ... | ... | ... | ... | 3.97 | 3.89 | 3.95 | 3.98 | 4.02 |
| balance sheet | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||||||
| Cash | BGN mil | ... | 212 | 514 | 327 | 735 | 808 | |||||||||
| Interbank Loans | BGN mil | ... | 271 | 37.4 | 253 | 130 | 518 | |||||||||
| Customer Loans | BGN mil | ... | 2,515 | 2,719 | 2,734 | 3,084 | 3,250 | |||||||||
| Retail Loans | BGN mil | ... | ... | ... | 783 | 835 | 901 | 1,053 | 1,234 | |||||||
| Mortgage Loans | BGN mil | ... | ... | ... | 191 | 219 | 254 | 374 | 405 | |||||||
| Consumer Loans | BGN mil | ... | ... | ... | 592 | 615 | 648 | 751 | 829 | |||||||
| Corporate Loans | BGN mil | ... | ... | ... | 1,732 | 1,884 | 1,833 | 2,032 | 2,096 | |||||||
| Debt Securities | BGN mil | ... | 154 | 169 | 184 | 481 | 589 | |||||||||
| Fixed Assets | BGN mil | ... | 106 | 110 | 113 | 86.5 | 61.7 | |||||||||
| Total Assets | BGN mil | ... | 3,465 | 3,807 | 3,952 | 4,886 | 5,742 | |||||||||
| Shareholders' Equity | BGN mil | ... | 428 | 483 | 508 | 561 | 614 | |||||||||
| Of Which Minority Interest | BGN mil | ... | 0 | 0.270 | 0.403 | 0.317 | 0.349 | |||||||||
| Liabilities | BGN mil | ... | 3,037 | 3,324 | 3,444 | 4,325 | 5,128 | |||||||||
| Interbank Borrowing | BGN mil | ... | 860 | 900 | 688 | 667 | 694 | |||||||||
| Customer Deposits | BGN mil | ... | 2,046 | 2,272 | 2,599 | 3,542 | 4,325 | |||||||||
| Retail Deposits | BGN mil | ... | 1,151 | 1,384 | 1,596 | 2,360 | 2,913 | |||||||||
| Corporate Deposits | BGN mil | ... | 895 | 887 | 1,003 | 1,182 | 1,412 | |||||||||
| Sight Deposits | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,143 | 1,610 | ||
| Term Deposits | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,399 | 2,715 | ||
| Issued Debt Securities | BGN mil | ... | 97.0 | 107 | 97.8 | 51.4 | 45.6 | |||||||||
| Other Liabilities | BGN mil | ... | 33.9 | 44.5 | 59.6 | 64.2 | 62.8 | |||||||||
| asset quality | ||||||||||||||||
| Non-Performing Loans | BGN mil | ... | 153 | 191 | 378 | 350 | 378 | |||||||||
| Gross Loans | BGN mil | ... | 2,620 | 2,842 | 2,902 | 3,277 | 3,467 | |||||||||
| Total Provisions | BGN mil | ... | 105 | 123 | 168 | 193 | 217 | |||||||||
| growth rates | ||||||||||||||||
| Customer Loan Growth | % | ... | ... | 6.30 | 8.09 | 0.575 | 12.8 | 5.37 | ||||||||
| Retail Loan Growth | % | ... | ... | ... | ... | 4.54 | 6.62 | 7.97 | 16.8 | 17.2 | ||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | 17.5 | 15.0 | 15.6 | 47.6 | 8.07 | ||||||
| Consumer Loan Growth | % | ... | ... | ... | ... | 0.954 | 3.92 | 5.25 | 16.0 | 10.4 | ||||||
| Corporate Loan Growth | % | ... | ... | ... | ... | 7.11 | 8.75 | -2.70 | 10.8 | 3.18 | ||||||
| Total Asset Growth | % | ... | ... | 14.3 | 9.87 | 3.82 | 23.6 | 17.5 | ||||||||
| Shareholders' Equity Growth | % | ... | ... | 13.8 | 12.8 | 5.12 | 10.5 | 9.45 | ||||||||
| Customer Deposit Growth | % | ... | ... | 20.7 | 11.0 | 14.4 | 36.3 | 22.1 | ||||||||
| Retail Deposit Growth | % | ... | ... | 12.9 | 20.3 | 15.3 | 47.9 | 23.4 | ||||||||
| Corporate Deposit Growth | % | ... | ... | 32.4 | -0.874 | 13.1 | 17.8 | 19.5 | ||||||||
| market share | ||||||||||||||||
| Market Share in Customer Loans | % | ... | 4.64 | 4.88 | 4.90 | 5.98 | 6.41 | |||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | 5.19 | 5.37 | 5.22 | 6.55 | 6.88 | |||||||
| Market Share in Retail Loans | % | ... | ... | ... | 5.91 | 6.30 | 6.57 | 7.80 | 8.73 | |||||||
| Market Share in Consumer Loans | % | ... | ... | ... | 4.14 | 4.46 | 4.82 | 5.73 | 6.80 | |||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | 2.15 | 2.45 | 2.87 | 4.28 | 4.68 | |||||||
| Market Share in Total Assets | % | ... | 5.77 | 5.90 | 5.67 | 6.96 | 7.54 | |||||||||
| Market Share in Customer Deposits | % | ... | 3.83 | 3.92 | 4.13 | 5.52 | 6.47 | |||||||||
| Market Share in Retail Deposits | % | ... | 3.73 | 4.01 | 4.23 | 6.01 | 6.84 | |||||||||
| Market Share in Corporate Deposits | % | ... | 6.54 | 6.22 | 6.49 | 7.70 | 7.75 |
| ratios | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||||||
| ROE | % | ... | 12.8 | 11.7 | 5.27 | 10.2 | 12.7 | |||||||||
| ROA | % | ... | 1.59 | 1.47 | 0.674 | 1.24 | 1.41 | |||||||||
| Costs (As % Of Assets) | % | ... | 2.88 | 2.48 | 2.36 | 2.19 | 2.05 | |||||||||
| Costs (As % Of Income) | % | ... | 53.8 | 52.0 | 52.9 | 52.1 | 49.7 | |||||||||
| Capital Adequacy Ratio | % | ... | 12.6 | 11.5 | 13.3 | 13.6 | 13.7 | |||||||||
| Tier 1 Ratio | % | ... | ... | 10.4 | 11.2 | 12.2 | 12.8 | 13.1 | ||||||||
| Net Interest Margin | % | ... | 3.85 | 3.41 | 3.19 | 3.06 | 2.89 | |||||||||
| Interest Spread | % | ... | ... | 3.57 | 3.15 | 2.95 | 2.88 | 2.80 | ||||||||
| Asset Yield | % | ... | 5.79 | 5.23 | 4.86 | 4.41 | 3.69 | |||||||||
| Cost Of Liabilities | % | ... | ... | 2.21 | 2.08 | 1.91 | 1.54 | 0.891 | ||||||||
| Interest Income (As % Of Revenues) | % | ... | 71.9 | 71.5 | 71.7 | 73.0 | 70.2 | |||||||||
| Fee Income (As % Of Revenues) | % | ... | 20.0 | 21.3 | 22.2 | 23.5 | 21.8 | |||||||||
| Other Income (As % Of Revenues) | % | ... | 8.11 | 7.18 | 6.10 | 3.46 | 7.98 | |||||||||
| Cost Per Employee | USD per month | ... | 1,200 | 1,190 | 1,287 | 1,358 | 1,245 | |||||||||
| Cost Per Employee (Local Currency) | BGN per month | ... | 1,688 | 1,811 | 1,896 | 2,061 | 2,121 | |||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 34.3 | 37.5 | 40.0 | 41.7 | 38.1 | |||||||||
| Equity (As % Of Assets) | % | ... | 12.4 | 12.7 | 12.9 | 11.5 | 10.7 | |||||||||
| Loans (As % Of Deposits) | % | ... | 123 | 120 | 105 | 87.1 | 75.1 | |||||||||
| Loans (As % Assets) | % | ... | 72.6 | 71.4 | 69.2 | 63.1 | 56.6 | |||||||||
| NPLs (As % Of Loans) | % | ... | 5.86 | 6.72 | 13.0 | 10.7 | 10.9 | |||||||||
| Provisions (As % Of NPLs) | % | ... | 68.3 | 64.5 | 44.4 | 55.3 | 57.4 | |||||||||
| Provisions (As % Of Loans) | % | ... | 4.17 | 4.53 | 6.14 | 6.26 | 6.68 | |||||||||
| Cost of Provisions (As % Of Loans) | % | ... | 0.939 | 0.901 | 1.91 | 0.945 | 0.833 |
| other data | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | ||||||||||||||||
| Branches | ... | ... | ... | ... | ... | 150 | 149 | 149 | 148 | 148 | ||||||
| Employees | 1,585 | 1,555 | 1,607 | 1,628 | 1,631 | |||||||||||
| Clients | mil | 0.377 | 0.398 | 0.424 | 0.437 | 0.475 | ||||||||||
| Payment Cards | '000 | 258 | 274 | 303 | 335 | 371 | ||||||||||
| Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 32.3 | 37.2 |
Get all company financials in excel:
By Helgi Library - September 2, 2018
Societe Generale Expressbank made a net profit of BGN 109 mil under revenues of BGN 265 mil in 2017, up 18.3% and 8.63% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of BGN 109 mil in 2017 and an all time low of ...
By Helgi Library - September 20, 2018
Societe Generale Expressbank generated total banking revenues of BGN 265 mil in 2017, up 8.63% 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 la...
By Helgi Library - September 20, 2018
Societe Generale Expressbank generated total banking revenues of BGN 265 mil in 2017, up 8.63% 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 la...
By Helgi Library - September 2, 2018
Societe Generale Expressbank's customer deposits reached BGN 5,219 mil in 2017, up 8.34% 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. Societe Generale ...
By Helgi Library - September 2, 2018
Societe Generale Expressbank's customer loans reached BGN 4,316 mil in 2017, up 8.68% 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. Societe Generale Expres...
By Helgi Library - September 2, 2018
Societe Generale Expressbank's customer deposits reached BGN 5,219 mil in 2017, up 8.34% 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. Societe Generale ...
By Helgi Library - September 2, 2018
Societe Generale Expressbank's customer loans reached BGN 4,316 mil in 2017, up 8.68% 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. Societe Generale Expres...
By Helgi Library - September 24, 2018
Societe Generale Expressbank has issued total of 426 '000 payment cards at the end of 2017, up 6.77% compared to the previous year. Bulgarian banking sector banking sector issued total of 7,532 thous. of bank cards in 2017, down 2.15% when compare...
By Helgi Library - September 24, 2018
Societe Generale Expressbank has issued total of 426 '000 payment cards at the end of 2017, up 6.77% compared to the previous year. Bulgarian banking sector banking sector issued total of 7,532 thous. of bank cards in 2017, down 2.15% when compare...
By Helgi Library - September 20, 2018
Societe Generale Expressbank's retail deposits reached BGN 3,295 mil in 2017, up 6.19% 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. Societe Generale Expr...
Societe Generale Expressbank AD is a Bulgaria-based commercial bank. The Group is composed by the bank Societe Generale Expressbank and its subsidiary companies – Sogelease Bulgaria, Societe Generale Factoring and its associate life insurance company Sogelife Bulgaria. 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. At the end of 2013, the Bank operated 149 branches and employed over 1,600 persons in Bulgaria. Societe Generale Expressbank AD is headquartered in Varna, Bulgaria. The Bank is a subsidiary of Societe Generale Paris
Societe Generale Expressbank has been growing its revenues and asset by 9.96% and 14.0% a year on average in the last 10 years. Its loans and deposits have grown by 12.2% and 16.4% a year during that time and loans to deposits ratio reached 82.7% at the end of 2017. The company achieved an average return on equity of 11.0% in the last decade with net profit growing 12.9% a year on average. In terms of operating efficiency, its cost to income ratio reached 41.7% in 2017, compared to 52.0% average in the last decade.
Equity represented 11.3% of total assets or 18.3% of loans at the end of 2017. Societe Generale Expressbank's non-performing loans were 10.9% of total loans while provisions covered some 51.9% of NPLs at the end of 2017.
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