By Helgi Library - September 2, 2018
United Bulgarian Bank made a net profit of BGN -47.4 mil under revenues of BGN 346 mil in 2017, up -142% and -14.7% respectively comp...
By Helgi Library - September 2, 2018
United Bulgarian Bank made a net profit of BGN -47.4 mil under revenues of BGN 346 mil in 2017, up -142% and -14.7% respectively comp...
By Helgi Library - September 20, 2018
United Bulgarian Bank's mortgage loans reached BGN 868 mil in 2017, down 5.68% compared to the previous year. Bulgarian banking...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | BGN mil | 257 | 256 | 224 |
| Net Fee Income | BGN mil | 91.7 | 93.5 | 93.9 |
| Other Income | BGN mil | 20.1 | 57.1 | 28.3 |
| Total Revenues | BGN mil | 369 | 406 | 346 |
| Staff Cost | BGN mil | 65.3 | 74.6 | 70.3 |
| Operating Profit | BGN mil | 200 | 238 | 168 |
| Provisions | BGN mil | 146 | 115 | 222 |
| Net Profit | BGN mil | 50.2 | 112 | -47.4 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | BGN mil | 158 | 327 | 1,555 |
| Customer Loans | BGN mil | 4,193 | 3,860 | 3,295 |
| Total Assets | BGN mil | 6,549 | 6,837 | 7,365 |
| Shareholders' Equity | BGN mil | 1,229 | 1,092 | 989 |
| Interbank Borrowing | BGN mil | 62.8 | 87.1 | 443 |
| Customer Deposits | BGN mil | 5,086 | 5,566 | 5,887 |
| Issued Debt Securities | BGN mil | 142 | 55.7 | 1.87 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 4.18 | 9.64 | -4.55 |
| ROA | % | 0.764 | 1.67 | -0.667 |
| Costs (As % Of Assets) | % | 2.58 | 2.52 | 2.51 |
| Costs (As % Of Income) | % | 45.8 | 41.5 | 51.5 |
| Capital Adequacy Ratio | % | 28.2 | 24.3 | 24.3 |
| Net Interest Margin | % | 3.92 | 3.82 | 3.16 |
| Loans (As % Of Deposits) | % | 82.4 | 69.3 | 56.0 |
| NPLs (As % Of Loans) | % | ... | 27.7 | 23.6 |
| Provisions (As % Of NPLs) | % | ... | 54.4 | 67.0 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 7.79 | 10.0 | -14.7 |
| Operating Cost Growth | % | 5.96 | -0.466 | 5.95 |
| Operating Profit Growth | % | 9.39 | 18.9 | -29.4 |
| Net Profit Growth | % | -35.0 | 123 | -142 |
| Customer Loan Growth | % | 1.07 | -7.94 | -14.6 |
| Total Asset Growth | % | -0.385 | 4.40 | 7.71 |
| Customer Deposit Growth | % | -0.507 | 9.45 | 5.76 |
| Shareholders' Equity Growth | % | 4.95 | -11.2 | -9.45 |
| Employees | 2,692 | 2,620 | 2,600 | |
Get all company financials in excel:
| summary | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||
| Net Interest Income | BGN mil | 300 | 227 | 212 | 241 | 257 | |||||||||
| Total Revenues | BGN mil | 399 | 335 | 311 | 343 | 369 | |||||||||
| Operating Profit | BGN mil | 223 | 160 | 144 | 183 | 200 | |||||||||
| Net Profit | BGN mil | 11.4 | -42.2 | 19.4 | 77.2 | 50.2 | |||||||||
| balance sheet | |||||||||||||||
| Interbank Loans | BGN mil | 389 | 221 | 721 | 923 | 158 | |||||||||
| Customer Loans | BGN mil | 4,860 | 4,552 | 4,230 | 4,149 | 4,193 | |||||||||
| Debt Securities | BGN mil | 256 | 679 | 1,208 | 878 | 1,155 | |||||||||
| Total Assets | BGN mil | 6,699 | 6,347 | 6,718 | 6,575 | 6,549 | |||||||||
| Shareholders' Equity | BGN mil | 1,108 | 1,070 | 1,092 | 1,171 | 1,229 | |||||||||
| Interbank Borrowing | BGN mil | 996 | 241 | 197 | 83.6 | 62.8 | |||||||||
| Customer Deposits | BGN mil | 4,326 | 4,756 | 5,202 | 5,112 | 5,086 | |||||||||
| Issued Debt Securities | BGN mil | ... | ... | 255 | 255 | 204 | 153 | 142 | |||||||
| ratios | |||||||||||||||
| ROE | % | 1.04 | -3.87 | 1.79 | 6.82 | 4.18 | |||||||||
| ROA | % | 0.161 | -0.647 | 0.297 | 1.16 | 0.764 | |||||||||
| Costs (As % Of Assets) | % | 2.49 | 2.67 | 2.56 | 2.40 | 2.58 | |||||||||
| Costs (As % Of Income) | % | 44.2 | 52.1 | 53.7 | 46.6 | 45.8 | |||||||||
| Capital Adequacy Ratio | % | ... | 15.6 | 14.0 | 14.8 | 27.4 | 28.2 | ||||||||
| Net Interest Margin | % | 4.25 | 3.49 | 3.25 | 3.62 | 3.92 | |||||||||
| Interest Income (As % Of Revenues) | % | 75.2 | 68.0 | 68.3 | 70.3 | 69.7 | |||||||||
| Fee Income (As % Of Revenues) | % | 21.2 | 24.1 | 26.4 | 25.4 | 24.8 | |||||||||
| Staff Cost (As % Of Total Cost) | % | 33.9 | 45.3 | 49.2 | 53.5 | 38.6 | |||||||||
| Equity (As % Of Assets) | % | 16.5 | 16.9 | 16.3 | 17.8 | 18.8 | |||||||||
| Loans (As % Of Deposits) | % | 112 | 95.7 | 81.3 | 81.2 | 82.4 | |||||||||
| Loans (As % Assets) | % | 72.5 | 71.7 | 63.0 | 63.1 | 64.0 | |||||||||
| NPLs (As % Of Loans) | % | ... | ... | 14.4 | 17.1 | 19.4 | 20.5 | ... | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | 71.4 | 80.0 | 81.7 | 84.9 | ... | |||||||
| valuation | |||||||||||||||
| Book Value Per Share Growth | % | ... | -20.0 | -24.3 | -6.65 | 13.3 | 6.97 |
| income statement | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||
| Interest Income | BGN mil | 491 | 418 | 379 | 351 | 308 | |||||||||
| Interest Cost | BGN mil | 190 | 190 | 166 | 111 | 50.2 | |||||||||
| Net Interest Income | BGN mil | 300 | 227 | 212 | 241 | 257 | |||||||||
| Net Fee Income | BGN mil | 84.9 | 80.6 | 82.0 | 87.1 | 91.7 | |||||||||
| Other Income | BGN mil | 14.2 | 26.5 | 16.6 | 14.7 | 20.1 | |||||||||
| Total Revenues | BGN mil | 399 | 335 | 311 | 343 | 369 | |||||||||
| Staff Cost | BGN mil | 59.9 | 79.0 | 82.2 | 85.4 | 65.3 | |||||||||
| Depreciation | BGN mil | 20.8 | 16.1 | 17.6 | 14.3 | 11.9 | |||||||||
| Other Cost | BGN mil | 95.8 | 79.1 | 67.3 | 60.0 | 92.0 | |||||||||
| Operating Cost | BGN mil | 176 | 174 | 167 | 160 | 169 | |||||||||
| Operating Profit | BGN mil | 223 | 160 | 144 | 183 | 200 | |||||||||
| Provisions | BGN mil | 209 | 207 | 122 | 96.4 | 146 | |||||||||
| Extra and Other Cost | BGN mil | 0.441 | 0 | 0 | 0 | -2.74 | |||||||||
| Pre-Tax Profit | BGN mil | 14.0 | -46.9 | 21.7 | 86.4 | 56.8 | |||||||||
| Tax | BGN mil | 2.46 | -4.85 | 2.07 | 8.99 | 5.69 | |||||||||
| Minorities | BGN mil | 0.148 | 0.175 | 0.231 | 0.266 | 0.278 | |||||||||
| Net Profit | BGN mil | 11.4 | -42.2 | 19.4 | 77.2 | 50.2 | |||||||||
| growth rates | |||||||||||||||
| Net Interest Income Growth | % | ... | -20.0 | -24.3 | -6.65 | 13.3 | 6.97 | ||||||||
| Net Fee Income Growth | % | ... | -14.4 | -5.07 | 1.77 | 6.26 | 5.24 | ||||||||
| Total Revenue Growth | % | ... | -19.2 | -16.2 | -7.06 | 10.2 | 7.79 | ||||||||
| Operating Cost Growth | % | ... | -4.35 | -1.23 | -4.15 | -4.42 | 5.96 | ||||||||
| Operating Profit Growth | % | ... | -28.0 | -28.1 | -10.2 | 27.1 | 9.39 | ||||||||
| Pre-Tax Profit Growth | % | ... | -80.7 | -434 | -146 | 299 | -34.2 | ||||||||
| Net Profit Growth | % | ... | -82.5 | -470 | -146 | 298 | -35.0 | ||||||||
| market share | |||||||||||||||
| Market Share in Revenues | % | 10.2 | 8.77 | 8.39 | 8.78 | 8.95 | |||||||||
| Market Share in Net Profit | % | 2.41 | ... | 3.84 | 10.9 | 5.58 | ... | ||||||||
| Market Share in Employees | % | ... | 9.40 | 9.37 | 7.71 | 8.03 | 8.78 | ||||||||
| Market Share in Branches | % | ... | ... | ... | ... | ... | ... | ... | 5.88 | ... | ... | 5.35 | 5.29 |
| balance sheet | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||||||||||
| Cash | BGN mil | 1,040 | 739 | 447 | 478 | 888 | |||||||||
| Interbank Loans | BGN mil | 389 | 221 | 721 | 923 | 158 | |||||||||
| Customer Loans | BGN mil | 4,860 | 4,552 | 4,230 | 4,149 | 4,193 | |||||||||
| Retail Loans | BGN mil | 2,528 | 2,380 | 2,218 | 2,118 | 1,929 | |||||||||
| Mortgage Loans | BGN mil | ... | ... | 1,280 | 1,226 | 1,152 | 1,081 | 981 | |||||||
| Consumer Loans | BGN mil | ... | ... | 1,042 | 953 | 876 | 856 | 948 | |||||||
| Corporate Loans | BGN mil | 2,862 | 2,778 | 2,682 | 2,740 | 3,015 | |||||||||
| Debt Securities | BGN mil | 256 | 679 | 1,208 | 878 | 1,155 | |||||||||
| Fixed Assets | BGN mil | 83.4 | 69.3 | 55.1 | 46.1 | 44.0 | |||||||||
| Total Assets | BGN mil | 6,699 | 6,347 | 6,718 | 6,575 | 6,549 | |||||||||
| Shareholders' Equity | BGN mil | 1,108 | 1,070 | 1,092 | 1,171 | 1,229 | |||||||||
| Of Which Minority Interest | BGN mil | 0.314 | 0.336 | 0.386 | 0.436 | 0.507 | |||||||||
| Liabilities | BGN mil | 5,591 | 5,276 | 5,626 | 5,403 | 5,320 | |||||||||
| Interbank Borrowing | BGN mil | 996 | 241 | 197 | 83.6 | 62.8 | |||||||||
| Customer Deposits | BGN mil | 4,326 | 4,756 | 5,202 | 5,112 | 5,086 | |||||||||
| Retail Deposits | BGN mil | 3,063 | 3,398 | 3,568 | 3,773 | 3,625 | |||||||||
| Corporate Deposits | BGN mil | 1,000 | 1,069 | 1,069 | 1,136 | 1,109 | |||||||||
| Sight Deposits | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,515 | 1,467 | 1,909 | ||
| Term Deposits | BGN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3,687 | 3,644 | 3,176 | ||
| Issued Debt Securities | BGN mil | ... | ... | 255 | 255 | 204 | 153 | 142 | |||||||
| Other Liabilities | BGN mil | ... | ... | 13.7 | 25.4 | 23.3 | 55.1 | 29.9 | |||||||
| asset quality | |||||||||||||||
| Non-Performing Loans | BGN mil | ... | ... | 781 | 901 | 974 | 1,033 | ... | |||||||
| Gross Loans | BGN mil | 5,417 | 5,273 | 5,025 | 5,026 | 4,944 | |||||||||
| Total Provisions | BGN mil | 558 | 721 | 795 | 877 | 751 | |||||||||
| growth rates | |||||||||||||||
| Customer Loan Growth | % | ... | -16.0 | -6.33 | -7.08 | -1.92 | 1.07 | ||||||||
| Retail Loan Growth | % | ... | -8.21 | -5.83 | -6.84 | -4.48 | -8.91 | ||||||||
| Mortgage Loan Growth | % | ... | ... | ... | -3.82 | -4.26 | -6.00 | -6.22 | -9.21 | ||||||
| Consumer Loan Growth | % | ... | ... | ... | -10.2 | -8.48 | -8.17 | -2.20 | 10.7 | ||||||
| Corporate Loan Growth | % | ... | -17.4 | -2.94 | -3.46 | 2.17 | 10.0 | ||||||||
| Total Asset Growth | % | ... | -10.1 | -5.26 | 5.85 | -2.14 | -0.385 | ||||||||
| Shareholders' Equity Growth | % | ... | 1.17 | -3.38 | 2.04 | 7.25 | 4.95 | ||||||||
| Customer Deposit Growth | % | ... | -1.65 | 9.94 | 9.38 | -1.74 | -0.507 | ||||||||
| Retail Deposit Growth | % | ... | 8.77 | 10.9 | 5.01 | 5.75 | -3.92 | ||||||||
| Corporate Deposit Growth | % | ... | -11.2 | 6.89 | 0.017 | 6.29 | -2.37 | ||||||||
| market share | |||||||||||||||
| Market Share in Customer Loans | % | 8.97 | 8.18 | 7.58 | 8.05 | 8.27 | |||||||||
| Market Share in Corporate Loans | % | 8.57 | 7.92 | 7.64 | 8.84 | 9.89 | |||||||||
| Market Share in Retail Loans | % | ... | ... | 10.4 | 9.76 | 8.89 | 8.89 | 9.99 | |||||||
| Market Share in Consumer Loans | % | 13.4 | 12.7 | 11.9 | 11.5 | 10.6 | |||||||||
| Market Share in Mortgage Loans | % | ... | ... | 14.4 | 13.7 | 13.0 | 12.4 | 11.3 | |||||||
| Market Share in Total Assets | % | 11.1 | 9.83 | 9.64 | 9.37 | 8.60 | |||||||||
| Market Share in Customer Deposits | % | 8.09 | 8.21 | 8.28 | 7.96 | 7.61 | |||||||||
| Market Share in Retail Deposits | % | 9.92 | 9.85 | 9.46 | 9.61 | 8.51 | |||||||||
| Market Share in Corporate Deposits | % | 7.31 | 7.49 | 6.92 | 7.40 | 6.09 |
| ratios | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||||||||||||
| ROE | % | 1.04 | -3.87 | 1.79 | 6.82 | 4.18 | |||||||||
| ROA | % | 0.161 | -0.647 | 0.297 | 1.16 | 0.764 | |||||||||
| Costs (As % Of Assets) | % | 2.49 | 2.67 | 2.56 | 2.40 | 2.58 | |||||||||
| Costs (As % Of Income) | % | 44.2 | 52.1 | 53.7 | 46.6 | 45.8 | |||||||||
| Capital Adequacy Ratio | % | ... | 15.6 | 14.0 | 14.8 | 27.4 | 28.2 | ||||||||
| Tier 1 Ratio | % | ... | ... | ... | ... | 15.6 | 14.0 | 14.8 | 24.2 | 26.1 | |||||
| Net Interest Margin | % | 4.25 | 3.49 | 3.25 | 3.62 | 3.92 | |||||||||
| Interest Spread | % | ... | 3.75 | 2.90 | 2.75 | 3.28 | 3.75 | ||||||||
| Asset Yield | % | 6.93 | 6.41 | 5.80 | 5.29 | 4.69 | |||||||||
| Cost Of Liabilities | % | ... | 3.18 | 3.50 | 3.05 | 2.01 | 0.935 | ||||||||
| Interest Income (As % Of Revenues) | % | 75.2 | 68.0 | 68.3 | 70.3 | 69.7 | |||||||||
| Fee Income (As % Of Revenues) | % | 21.2 | 24.1 | 26.4 | 25.4 | 24.8 | |||||||||
| Other Income (As % Of Revenues) | % | 3.55 | 7.93 | 5.35 | 4.31 | 5.44 | |||||||||
| Cost Per Employee | USD per month | ... | 1,113 | 1,378 | 1,840 | 1,841 | 1,187 | ||||||||
| Cost Per Employee (Local Currency) | BGN per month | ... | 1,565 | 2,098 | 2,712 | 2,794 | 2,022 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 33.9 | 45.3 | 49.2 | 53.5 | 38.6 | |||||||||
| Equity (As % Of Assets) | % | 16.5 | 16.9 | 16.3 | 17.8 | 18.8 | |||||||||
| Loans (As % Of Deposits) | % | 112 | 95.7 | 81.3 | 81.2 | 82.4 | |||||||||
| Loans (As % Assets) | % | 72.5 | 71.7 | 63.0 | 63.1 | 64.0 | |||||||||
| NPLs (As % Of Loans) | % | ... | ... | 14.4 | 17.1 | 19.4 | 20.5 | ... | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | 71.4 | 80.0 | 81.7 | 84.9 | ... | |||||||
| Provisions (As % Of Loans) | % | 11.5 | 15.8 | 18.8 | 21.1 | 17.9 | |||||||||
| Cost of Provisions (As % Of Loans) | % | 3.92 | 4.40 | 2.78 | 2.30 | 3.50 |
| other data | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||
| Branches | ... | ... | ... | ... | ... | ... | ... | 222 | ... | ... | 199 | 195 | |||
| Employees | ... | 3,188 | 3,140 | 2,525 | 2,548 | 2,692 | |||||||||
| ATMs | ... | ... | ... | ... | ... | ... | 780 | 800 | 810 | ... | ... | ... | ... | ||
| Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 29.1 | 28.7 | 37.5 |
Get all company financials in excel:
By Helgi Library - September 20, 2018
United Bulgarian Bank's mortgage loans reached BGN 868 mil in 2017, down 5.68% 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. United Bulgarian Bank accounte...
By Helgi Library - September 2, 2018
United Bulgarian Bank's non-performing loans reached 23.6% of total loans at the end of 2017, down from 27.7% compared to the previous year. Historically, the NPL ratio hit an all time high of 27.7% in 2016 and an all time low of 0.858% in 2008. Provision c...
By Helgi Library - September 2, 2018
United Bulgarian Bank's non-performing loans reached 23.6% of total loans at the end of 2017, down from 27.7% compared to the previous year. Historically, the NPL ratio hit an all time high of 27.7% in 2016 and an all time low of 0.858% in 2008. Provision c...
By Helgi Library - September 2, 2018
United Bulgarian Bank's net interest margin amounted to 3.16% in 2017, down from 3.82% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 6.70% in 2005 and an all time low of 3.16% in 2017. The averag...
By Helgi Library - September 2, 2018
United Bulgarian Bank's net interest margin amounted to 3.16% in 2017, down from 3.82% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 6.70% in 2005 and an all time low of 3.16% in 2017. The averag...
By Helgi Library - September 2, 2018
United Bulgarian Bank's customer deposits reached BGN 5,887 mil in 2017, up 5.76% 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. United Bulgarian Bank ac...
By Helgi Library - September 2, 2018
United Bulgarian Bank's customer deposits reached BGN 5,887 mil in 2017, up 5.76% 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. United Bulgarian Bank ac...
By Helgi Library - September 20, 2018
United Bulgarian Bank's retail deposits reached BGN 3,990 mil in 2017, up 4.31% 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. United Bulgarian Bank accoun...
By Helgi Library - September 20, 2018
United Bulgarian Bank's retail deposits reached BGN 3,990 mil in 2017, up 4.31% 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. United Bulgarian Bank accoun...
By Helgi Library - September 2, 2018
United Bulgarian Bank's capital adequacy ratio reached 24.3% at the end of 2017, down from 24.3% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 28.2% in 2015 and an all time low of 12.8% in 2010. The Tier 1 ratio...
United Bulgarian 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. 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 210 branches and 810 ATMs in Bulgaria. The Bank was established in 1992 through the merger of 22 Bulgarian regional commercial banks. In 1997, the Bank was privatized. The Bank is headquartered in Sofia, Bulgaria. United Bulgarian Bank AD is a subsidiary of National Bank of Greece S.A.
United Bulgarian Bank has been growing its revenues and asset by -0.859% and 1.85% a year on average in the last 10 years. Its loans and deposits have grown by -3.92% and 5.58% a year during that time and loans to deposits ratio reached 56.0% at the end of 2017. The company achieved an average return on equity of 5.26% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 51.5% in 2017, compared to 45.2% average in the last decade.
Equity represented 13.4% of total assets or 30.0% of loans at the end of 2017. United Bulgarian Bank's non-performing loans were 23.6% of total loans while provisions covered some 67.0% of NPLs at the end of 2017.
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