Based on a comparison of 28 banks in Bulgaria in 2016, Bulgarian Development Bank was the most cost efficient bank, followed by UniCredit Bulbank and DSK Bank.
Bulgarian Development Bank's cost to income ratio reached 20.7% in 2016, down from 29.3% when compared to the last year. Historically, the bank’s costs reached an all time high of 44.9% in 2007 and an all time low of 12.6% in 2010.
When compared to total assets, bank's cost amounted to 1.39% in 2016, down from 0.967% a year earlier.
Comparing Bulgarian Development Bank with its closest peers, UniCredit Bulbank operated in 2016 with a cost to income ratio of 32.0%, DSK Bank reached 41.1% and United Bulgarian Bank some 41.5%.
The average cost to income ratio reached 43.4% in the Bulgarian banking sector in 2016.