Allianz Bank Bulgaria

Allianz's customer deposits rose 4.14% to BGN 2,329 mil in 2017

By Helgi Analytics - September 3, 2018

Allianz Bank Bulgaria's customer deposits reached BGN 2,329 mil in 2017, up 4.14% compared to the previous year. Bulgarian bank...

Allianz's net profit fell 8.87% to BGN 27.6 mil in 2017

By Helgi Analytics - September 3, 2018

Allianz Bank Bulgaria made a net profit of BGN 27.6 mil under revenues of BGN 83.4 mil in 2017, up -8.87% and -7.66% respectively com...

Allianz's net interest margin fell 7.31% to 2.80% in 2017

By Helgi Analytics - September 3, 2018

Allianz Bank Bulgaria's net interest margin amounted to 2.80% in 2017, down from 3.02% compared to the previous year. Hist...

Profit Statement 2015 2016 2017
Net Interest Income BGN mil 72.2 72.3 70.3
Fee Income (As % Of Revenues) % 20.7 21.0 24.6
Other Income BGN mil 4.54 -0.919 -7.38
Total Revenues BGN mil 96.8 90.3 83.4
Operating Profit BGN mil 45.6 47.1 43.7
Provisions BGN mil 34.3 13.4 13.2
Net Profit BGN mil 10.2 30.3 27.6
Balance Sheet 2015 2016 2017
Customer Loans BGN mil 1,341 1,213 1,194
Debt Securities BGN mil 497 635 587
Total Assets BGN mil 2,324 2,464 2,560
Shareholders' Equity BGN mil 196 217 216
Interbank Borrowing BGN mil 0 0 0
Customer Deposits BGN mil 2,120 2,237 2,329
Issued Debt Securities BGN mil 0 0 0
Ratios 2015 2016 2017
ROE % 5.14 14.7 12.7
ROA % 0.460 1.26 1.10
Costs (As % Of Assets) % 2.32 1.80 1.58
Costs (As % Of Income) % 52.9 47.8 47.6
Net Interest Margin % 3.27 3.02 2.80
Loans (As % Of Deposits) % 63.2 54.2 51.3
Growth Rates 2015 2016 2017
Total Revenue Growth % 13.4 -6.66 -7.66
Operating Cost Growth % 9.03 -15.7 -7.98
Operating Profit Growth % 18.8 3.45 -7.36
Net Profit Growth % -54.0 198 -8.87
Customer Loan Growth % 6.17 -9.55 -1.51
Total Asset Growth % 10.8 6.01 3.89
Customer Deposit Growth % 12.4 5.48 4.14
Shareholders' Equity Growth % -2.10 11.0 -0.627

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Net Interest Income BGN mil         52.7 50.3 56.3 62.3 72.2    
Total Revenues BGN mil         73.6 73.1 78.1 85.3 96.8    
Operating Profit BGN mil         29.5 27.9 32.1 38.3 45.6    
Net Profit BGN mil         12.2 12.9 17.3 22.1 10.2    
balance sheet                      
Customer Loans BGN mil         1,316 1,320 1,347 1,263 1,341    
Debt Securities BGN mil         195 249 283 406 497    
Total Assets BGN mil         1,746 1,868 1,977 2,097 2,324    
Shareholders' Equity BGN mil         161 177 193 200 196    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         1,552 1,638 1,737 1,887 2,120    
Issued Debt Securities BGN mil         0 0 0 0 0    
ratios                      
ROE %         7.85 7.63 9.35 11.2 5.14    
ROA %         0.717 0.714 0.900 1.09 0.460    
Costs (As % Of Assets) %         2.61 2.50 2.39 2.30 2.32    
Costs (As % Of Income) %         60.0 61.9 58.9 55.0 52.9    
Net Interest Margin %         3.11 2.78 2.93 3.06 3.27    
Interest Income (As % Of Revenues) %         71.6 68.8 72.0 73.0 74.6    
Fee Income (As % Of Revenues) %         22.6 22.9 22.8 22.0 20.7    
Equity (As % Of Assets) %         9.24 9.46 9.78 9.52 8.41    
Loans (As % Of Deposits) %         84.8 80.6 77.5 66.9 63.2    
Loans (As % Assets) %         75.4 70.6 68.1 60.2 57.7    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Interest Income BGN mil         105 103 96.7 97.4 91.4    
Interest Cost BGN mil         52.2 52.5 40.4 35.1 19.2    
Net Interest Income BGN mil         52.7 50.3 56.3 62.3 72.2    
Net Fee Income BGN mil         16.6 16.8 17.8 18.7 20.0    
Other Income BGN mil         4.29 6.08 4.08 4.25 4.54    
Total Revenues BGN mil         73.6 73.1 78.1 85.3 96.8    
Depreciation BGN mil         3.80 3.58 3.12 3.09 3.07    
Operating Cost BGN mil         44.2 45.3 46.0 47.0 51.2    
Operating Profit BGN mil         29.5 27.9 32.1 38.3 45.6    
Provisions BGN mil         16.0 13.3 13.1 13.9 34.3    
Extra and Other Cost BGN mil         -0.099 -0.090 -0.110 -0.106 -0.073    
Pre-Tax Profit BGN mil         13.6 14.6 19.2 24.6 11.4    
Tax BGN mil         1.41 1.75 1.86 2.47 1.22    
Minorities BGN mil         0 0 0 0 0    
Net Profit BGN mil         12.2 12.9 17.3 22.1 10.2    
growth rates                      
Net Interest Income Growth % ...       14.8 -4.64 11.9 10.8 15.9    
Net Fee Income Growth % ...       17.4 0.885 6.06 5.41 6.81    
Total Revenue Growth % ...       16.2 -0.690 6.82 9.21 13.4    
Operating Cost Growth % ...       6.15 2.41 1.60 2.14 9.03    
Operating Profit Growth % ...       35.6 -5.34 15.3 19.3 18.8    
Pre-Tax Profit Growth % ...       224 8.03 30.8 28.3 -53.7    
Net Profit Growth % ...       225 6.14 34.2 27.8 -54.0    
market share                      
Market Share in Revenues %         1.87 1.92 2.11 2.19 2.34    
Market Share in Net Profit %         2.56 2.46 3.43 3.11 1.13    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                      
Cash BGN mil         175 240 286 403 461    
Customer Loans BGN mil         1,316 1,320 1,347 1,263 1,341    
Debt Securities BGN mil         195 249 283 406 497    
Fixed Assets BGN mil         19.1 16.7 14.9 13.8 13.0    
Total Assets BGN mil         1,746 1,868 1,977 2,097 2,324    
Shareholders' Equity BGN mil         161 177 193 200 196    
Of Which Minority Interest BGN mil         0 0 0 0 0    
Liabilities BGN mil         1,584 1,692 1,784 1,898 2,129    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         1,552 1,638 1,737 1,887 2,120    
Issued Debt Securities BGN mil         0 0 0 0 0    
Other Liabilities BGN mil         0 0 0 0 0    
growth rates                      
Customer Loan Growth % ...       9.94 0.276 2.01 -6.21 6.17    
Total Asset Growth % ...       6.10 7.03 5.84 6.07 10.8    
Shareholders' Equity Growth % ...       8.57 9.57 9.51 3.25 -2.10    
Customer Deposit Growth % ...       5.70 5.54 6.03 8.63 12.4    
market share                      
Market Share in Customer Loans %         2.43 2.37 2.41 2.45 2.64    
Market Share in Total Assets %         2.90 2.89 2.84 2.99 3.05    
Market Share in Customer Deposits %         2.90 2.83 2.76 2.94 3.17    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                      
ROE %         7.85 7.63 9.35 11.2 5.14    
ROA %         0.717 0.714 0.900 1.09 0.460    
Costs (As % Of Assets) %         2.61 2.50 2.39 2.30 2.32    
Costs (As % Of Income) %         60.0 61.9 58.9 55.0 52.9    
Net Interest Margin %         3.11 2.78 2.93 3.06 3.27    
Interest Spread % ...       2.80 2.48 2.70 2.87 3.18    
Asset Yield %         6.19 5.69 5.03 4.78 4.14    
Cost Of Liabilities % ...       3.39 3.21 2.33 1.91 0.955    
Interest Income (As % Of Revenues) %         71.6 68.8 72.0 73.0 74.6    
Fee Income (As % Of Revenues) %         22.6 22.9 22.8 22.0 20.7    
Other Income (As % Of Revenues) %         5.83 8.32 5.23 4.99 4.69    
Equity (As % Of Assets) %         9.24 9.46 9.78 9.52 8.41    
Loans (As % Of Deposits) %         84.8 80.6 77.5 66.9 63.2    
Loans (As % Assets) %         75.4 70.6 68.1 60.2 57.7    
Cost of Provisions (As % Of Loans) %         1.27 1.01 0.982 1.06 2.63    

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Allianz's total revenues fell 7.66% to BGN 83.4 mil in 2017

By Helgi Analytics - September 20, 2018

Allianz Bank Bulgaria generated total banking revenues of BGN 83.4 mil in 2017, down 7.66% compared to the previous year. Bulgarian banking sector banking sector generated total revenues of BGN 3,870 mil in 2017, down 4.62% when compared to the last y...

Allianz's customer loans fell 1.51% to BGN 1,194 mil in 2017

By Helgi Analytics - September 3, 2018

Allianz Bank Bulgaria's customer loans reached BGN 1,194 mil in 2017, down 1.51% compared to the previous year. Bulgarian banking sector provided customer loans of BGN 59.7 bil in 2017, up 6.73% when compared to the last year. Allianz Bank Bulgaria accoun...

Allianz's net interest income fell 2.75% to BGN 70.3 mil in 2017

By Helgi Analytics - September 3, 2018

Allianz Bank Bulgaria generated total banking revenues of BGN 83.4 mil in 2017, down 7.66% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of BGN 96.8 mil in 201...

Allianz's customer loan growth rose 84.2% to -1.51% in 2017

By Helgi Analytics - September 3, 2018

Allianz Bank Bulgaria's customer loan growth reached -1.51% in 2017, up from -9.55% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 11.2% in 2008 and an all time low of -9.55% in 2016. In the last decade, t...

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Finance

Allianz Bank Bulgaria has been growing its revenues and asset by -0.748% and 6.87% a year on average in the last 3 years. Its loans and deposits have grown by -1.84% and 7.27% a year during that time and loans to deposits ratio reached 51.3% at the end of 2017. The company achieved an average return on equity of 10.8% in the last three years with net profit growing 7.63% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.6% in 2017, compared to 49.5% average in the last three years.

Equity represented 8.43% of total assets or 18.1% of loans at the end of 2017. Allianz Bank Bulgaria's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.