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Municipal Bank - Profitability

Net Profit (BGN mil) & ROE (%)
Banking | Bulgaria | September 3, 2018
$2.99
Excel Sheet

Municipal Bank made a net profit of BGN 4.67 mil in 2017, up 111% compared to the previous year. This implies a return on equity of 5.02%.

Historically, the bank’s net profit reached an all time high of BGN 13.5 mil in 2007 and an all time low of BGN 1.82 mil in 2010. The average profit in the last five years amounted to BGN 4.82 mil.

The bank generated its shareholders an average return on equity of 6.31% in the last five years with maximum at 9.10% and minimum at 2.57%

Comparing Municipal Bank 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%.

Municipal Bank has been ranked 227th 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 Municipal Bank Profile, or you can download a report on the bank in the report section.