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

Top Banks by Costs As % Of Income
Banking | Bulgaria | October 01, 2018
$2.99
Excel Sheet

Based on a comparison of 27 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.

When compared to the nearest 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 at Costs (As % Of Income) indicator page or you can download a report on the Bulgarian banks in the report section.

Costs (As % Of Income) Unit 2010 2011 2012 2013 2014 2015 2016 2017
Allianz Bank Bulgaria % 60.0% 61.9% 58.9% 55.0% 52.9%
BNP Paribas Bulgaria % 80.4% 98.4% 105% 132% 163%
Bulgarian Development Bank % 13.4% 16.7% 20.8% 19.4% 29.3%
Bulgarian-American Credit Bank % 61.8% 219% 202% 127% 86.5%
Central Cooperative Bank % 79.3% 83.4% 86.0% 87.5% 75.1%
Cibank % 79.4% 74.3% 67.7% 62.4% 64.6%
Citibank Bulgaria % 41.7% 37.0% 54.4% 46.5% 51.8%
Commercial Bank Victoria % 103% 116% 127% 127% 183%
Corporate Commercial Bank % 36.8% 39.8% 41.2% 157% ... ... ...
D Commerce Bank % 94.8% 84.1% 67.9% 67.9% 69.4%
DSK Bank % 35.6% 38.8% 40.9% 41.1% 37.5%
Eurobank Bulgaria % 53.0% 58.2% 59.9% 54.7% 46.3%
First Investment Bank % 69.3% 70.5% 41.5% 36.3% 34.1%
ING Bank Bulgaria % 78.0% 72.7% 103% 102% 90.7%
International Asset Bank % 90.7% 75.8% 84.6% 69.0% 45.6%
Investbank % 93.5% 124% 142% 102% 70.4%
Isbank Bulgaria % ... -11,813% 505% 248% 201% 124%
Municipal Bank % 78.0% 57.1% 68.0% 85.0% 88.6%
Piraeus Bank Bulgaria % 40.6% 49.5% 52.4% 65.8% 85.2%
Procredit Bank Bulgaria % 68.5% 66.6% 70.9% 65.4% 56.6%
Raiffeisenbank Bulgaria % 50.0% 55.4% 60.4% 52.8% 57.7%
Societe Generale Expressbank % 53.8% 52.0% 52.9% 52.1% 49.7%
TBI Bank % 15.5% 116% 56.9% 50.5% 44.1%
Texim Bank Bulgaria % 140% 215% 131% 95.3% 90.5%
Tokuda Bank % 95.8% 81.6% 83.3% 101% 90.4%
UniCredit Bulbank % 38.3% 39.5% 38.4% 36.8% 34.6%
United Bulgarian Bank % 44.2% 52.1% 53.7% 46.6% 45.8%
Ziraat Bank Bulgaria % 104% 89.1% 104% 90.4% 70.9%
AVERAGE % 63.4% -358% 94.6% 82.9% 79.6% 71.8% 71.4% 84.2%