ING Bank Bulgaria made a net profit of BGN -2.26 mil in 2017, down 187% compared to the previous year. This implies a return on equity of 72.5%.
Historically, the bank’s net profit reached an all time high of BGN 19.7 mil in 2008 and an all time low of BGN -3.51 mil in 2015. The average profit in the last five years amounted to BGN -1.09 mil.
The bank generated its shareholders an average return on equity of 275% in the last five years with maximum at 1,177% and minimum at -8.50%
Comparing ING Bank Bulgaria with its closest peers, DSK Bank generated a net profit of BGN 285 mil with ROE of 17.7% in 2017, United Bulgarian Bank netted BGN -47.4 mil (ROE of -4.55%) and Raiffeisenbank Bulgaria announced a net profit of BGN 137 mil implying ROE of 14.9%.
ING Bank Bulgaria has been ranked 4th within the group of 310 banks we follow in terms of return on equity in 2017.
You can see all the bank’s data at ING Bank Bulgaria Profile, or you can download a report on the bank in the report section.
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