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Eurobank Bulgaria

Eurobank Bulgaria's net profit rose 14.0% to BGN 136 mil in 2017

By Helgi Library - September 2, 2018

Eurobank Bulgaria made a net profit of BGN 136 mil under revenues of BGN 371 mil in 2017, up 14.0% and 1.22% respectively compared to...

Eurobank Bulgaria's mortgage loans rose 5.35% to BGN 1,579 mil in 2017

By Helgi Library - September 20, 2018

Eurobank Bulgaria's mortgage loans reached BGN 1,579 mil in 2017, up 5.35% compared to the previous year. Bulgarian banking sec...

Eurobank Bulgaria's total revenues rose 1.22% to BGN 371 mil in 2017

By Helgi Library - September 20, 2018

Eurobank Bulgaria generated total banking revenues of BGN 371 mil in 2017, up 1.22% compared to the previous year. Bulgari...

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Eurobank Bulgaria's customer deposits rose 10.1% to BGN 6,080 mil in 2017

By Helgi Library - September 2, 2018

Eurobank Bulgaria's customer deposits reached BGN 6,080 mil in 2017, up 10.1% 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. Eurobank Bulgaria accounted ...

Eurobank Bulgaria's customer loans rose 14.6% to BGN 4,829 mil in 2017

By Helgi Library - September 2, 2018

Eurobank Bulgaria's customer loans reached BGN 4,829 mil in 2017, up 14.6% 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. Eurobank Bulgaria accounted for 8....

Eurobank Bulgaria's retail deposits rose 4.94% to BGN 4,650 mil in 2017

By Helgi Library - September 20, 2018

Eurobank Bulgaria's retail deposits reached BGN 4,650 mil in 2017, up 4.94% 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. Eurobank Bulgaria accounted for ...

Eurobank Bulgaria's costs (as % of assets) fell 18.5% to 2.11% in 2017

By Helgi Library - September 23, 2018

Eurobank Bulgaria's cost to income ratio reached 40.5% in 2017, down from 44.4% compared to the previous year. Historically, the bank’s costs reached an all time high of 59.9% of income in 2013 and an all time low of 40.5% in 2017. When compared to total a...

Eurobank Bulgaria's corporate deposits rose 30.8% to BGN 1,430 mil in 2017

By Helgi Library - September 20, 2018

Eurobank Bulgaria's corporate deposits reached BGN 1,430 mil in 2017, up 30.8% compared to the previous year. Bulgarian banking sector accepted corporate deposits of BGN 22.0 bil in 2017, up 13.8% when compared to the last year. Eurobank Bulgaria accounte...

Eurobank Bulgaria's npls (as % of loans) fell 25.0% to 8.82% in 2017

By Helgi Library - September 2, 2018

Eurobank Bulgaria's non-performing loans reached 8.82% of total loans at the end of 2017, down from 11.8% compared to the previous year. Historically, the NPL ratio hit an all time high of 11.9% in 2014 and an all time low of 1.77% in 2008. Provision covera...

Eurobank Bulgaria's corporate loans rose 23.9% to BGN 2,602 mil in 2017

By Helgi Library - September 2, 2018

Eurobank Bulgaria's loans reached BGN 5,198 mil in the 2017, up from BGN 4,627 mil compared to the previous year. Historically, the bank’s loans reached an all time high of BGN 5,198 mil in 2017 and an all time low of BGN 2,097 mil in 2006. In the last ...

Eurobank Bulgaria's employees remain unchanged at 2,200 in 2017

By Helgi Library - September 23, 2018

Eurobank Bulgaria employed 2,200 persons in 2017, down 0% when compared to the previous year. Historically, the bank's workforce hit an all time high of 2,859 persons in 2011 and an all time low of 2,200 in 2017. Average cost reached USD 1,350 per month per emplo...

Eurobank Bulgaria's net interest margin fell 8.27% to 3.99% in 2017

By Helgi Library - September 2, 2018

Eurobank Bulgaria's net interest margin amounted to 3.99% in 2017, down from 4.35% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 6.68% in 2005 and an all time low of 3.45% in 2013. The average ma...

Eurobank Bulgaria's net interest income rose 3.91% to BGN 284 mil in 2017

By Helgi Library - September 2, 2018

Eurobank Bulgaria generated total banking revenues of BGN 371 mil in 2017, up 1.22% 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 371 mil in 2017 and an...

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Eurobank Bulgaria AD is a Bulgaria-based commercial bank and a full subsidiary of EFG Group. 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 195 branches and held a 8% market share in terms of assets in Bulgaria. The Bank was formerly known as Eurobank EFG Bulgaria AD and changed its name to Eurobank Bulgaria AD in January 2013. The Bank was founded in 1991 and is headquartered in Sofia, Bulgaria

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Finance

Eurobank Bulgaria has been growing its revenues and asset by 3.82% and 5.33% a year on average in the last 10 years. Its loans and deposits have grown by 5.80% and 6.19% a year during that time and loans to deposits ratio reached 79.4% at the end of 2017. The company achieved an average return on equity of 6.31% in the last decade with net profit growing 5.84% a year on average. In terms of operating efficiency, its cost to income ratio reached 40.5% in 2017, compared to 52.1% average in the last decade.

Equity represented 16.7% of total assets or 25.6% of loans at the end of 2017. Eurobank Bulgaria's non-performing loans were 8.82% of total loans while provisions covered some 80.6% of NPLs at the end of 2017.