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What Banks in Bulgaria Were the Most Cost Efficient in 2017?

Top Banks by Costs As % Of Income
Banking | Bulgaria | October 1, 2018
Excel Sheet

Based on a comparison of 28 banks in Bulgaria in 2017, Bulgarian Development Bank was the most cost efficient bank, followed by UniCredit Bulbank and Eurobank Bulgaria.

Bulgarian Development Bank's cost to income ratio reached 22.6% in 2017, down from 20.7% 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 2017, down from 0.664% a year earlier.

Comparing Bulgarian Development Bank with its closest peers, UniCredit Bulbank operated in 2017 with a cost to income ratio of 31.6%, Eurobank Bulgaria reached 40.5% and Societe Generale Expressbank some 41.7%.

The average cost to income ratio reached 46.2% in the Bulgarian banking sector in 2017.

You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Bulgarian banks in the report section.