Piraeus Bank Bulgaria - Profitability

Net Profit (BGN mil) & ROE (%)
Banking | Bulgaria | September 02, 2018
$2.99
Excel Sheet

Piraeus Bank Bulgaria made a net profit of BGN 29.9 mil in 2017, up 146% compared to the previous year. This implies a return on equity of 8.31%.

Historically, the bank’s net profit reached an all time high of BGN 61.5 mil in 2008 and an all time low of BGN -179 mil in 2015. The average profit in the last five years amounted to BGN -51.1 mil.

The bank generated its shareholders an average return on equity of -10.3% in the last five years with maximum at 8.31% and minimum at -35.8%

Comparing Piraeus 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%.

Piraeus Bank Bulgaria has been ranked 116th within the group of 207 banks we follow in terms of return on equity in 2017.

You can see all the bank’s data at Piraeus Bank Bulgaria Profile, or you can download a report on the bank in the report section.

Net Profit Unit 2010 2011 2012 2013 2014 2015 2016 2017
Allianz Bank Bulgaria BGN mil 12.2 12.9 17.3 22.1 10.2
BNP Paribas Bulgaria BGN mil 5.01 0.117 0.165 -3.64 -8.26
Bulgarian Development Bank BGN mil 11.4 21.9 10.8 12.8 38.3
Bulgarian-American Credit Bank BGN mil -34.2 -18.7 -16.0 -8.94 0.627
Central Cooperative Bank BGN mil 12.6 10.1 10.1 7.26 6.70
Cibank BGN mil 0.433 10.1 13.9 21.5 26.9
Citibank Bulgaria BGN mil 13.9 20.1 9.61 11.6 9.20
Commercial Bank Victoria BGN mil -11.3 -17.3 -14.7 -14.9 -9.31
Corporate Commercial Bank BGN mil 59.8 56.4 70.7 -4,269 ... ... ...
D Commerce Bank BGN mil 0.337 1.86 0.193 0.483 0.574
DSK Bank BGN mil 87.7 161 191 228 321
Eurobank Bulgaria BGN mil 7.45 1.13 18.5 0.677 84.1
First Investment Bank BGN mil 35.9 30.5 185 30.8 17.8
ING Bank Bulgaria BGN mil 4.83 5.94 -0.315 1.42 -3.51
International Asset Bank BGN mil 1.87 3.19 1.06 3.54 4.22
Investbank BGN mil -4.99 -0.725 0.452 1.81 1.95
Isbank Bulgaria BGN mil ... -0.953 -0.943 -0.717 -0.497 -0.133
Municipal Bank BGN mil 2.91 6.03 6.05 5.75 5.41
Piraeus Bank Bulgaria BGN mil 55.0 2.30 3.11 -43.7 -179
Procredit Bank Bulgaria BGN mil 8.39 18.9 20.2 23.2 28.5
Raiffeisenbank Bulgaria BGN mil 50.4 3.31 -45.0 46.9 62.6
Societe Generale Expressbank BGN mil 51.6 53.5 26.1 54.7 74.9
TBI Bank BGN mil -4.67 -0.631 4.29 17.3 27.9
Texim Bank Bulgaria BGN mil -3.78 -1.67 0.087 0.173 0.120
Tokuda Bank BGN mil 0.064 0.055 -2.86 -7.24 -3.71
UniCredit Bulbank BGN mil 233 218 176 285 340
United Bulgarian Bank BGN mil 11.4 -42.2 19.4 77.2 50.2
Ziraat Bank Bulgaria BGN mil -0.126 -1.14 -0.715 0.068 0.611
AVERAGE BGN mil 25.5 21.6 19.8 25.1 -125 33.6 50.8 50.2