Bulgarian Development Bank

BDB's customer deposits rose 48.8% to BGN 1,712 mil in 2017

By Helgi Analytics - September 3, 2018

Bulgarian Development Bank's customer deposits reached BGN 1,712 mil in 2017, up 48.8% compared to the previous year. Bulgarian...

BDB's customer loans rose 11.7% to BGN 1,583 mil in 2017

By Helgi Analytics - September 3, 2018

Bulgarian Development Bank's customer loans reached BGN 1,583 mil in 2017, up 11.7% compared to the previous year. Bulgarian ba...

BDB's net interest margin fell 21.7% to 2.51% in 2017

By Helgi Analytics - September 3, 2018

Bulgarian Development Bank's net interest margin amounted to 2.51% in 2017, down from 3.21% compared to the previous year. ...

Profit Statement 2015 2016 2017
Net Interest Income BGN mil 52.1 56.6 55.0
Fee Income (As % Of Revenues) % 3.36 4.03 3.76
Other Income BGN mil 4.34 -2.26 -0.767
Total Revenues BGN mil 58.4 56.6 56.4
Operating Profit BGN mil 41.4 44.9 43.7
Provisions BGN mil -1.84 -5.59 25.2
Net Profit BGN mil 38.3 45.0 16.4
Balance Sheet 2015 2016 2017
Customer Loans BGN mil 910 1,417 1,583
Debt Securities BGN mil 222 266 232
Total Assets BGN mil 1,614 1,911 2,471
Shareholders' Equity BGN mil 709 757 753
Interbank Borrowing BGN mil 0.362 0 0
Customer Deposits BGN mil 902 1,151 1,712
Issued Debt Securities BGN mil 0.362 0 0
Ratios 2015 2016 2017
ROE % 5.52 6.14 2.17
ROA % 2.17 2.55 0.747
Costs (As % Of Assets) % 0.967 0.664 0.581
Costs (As % Of Income) % 29.3 20.7 22.6
Net Interest Margin % 2.95 3.21 2.51
Loans (As % Of Deposits) % 101 123 92.5
Growth Rates 2015 2016 2017
Total Revenue Growth % 1.70 -3.17 -0.346
Operating Cost Growth % 53.7 -31.5 8.66
Operating Profit Growth % -10.8 8.54 -2.70
Net Profit Growth % 199 17.3 -63.6
Customer Loan Growth % -19.9 55.7 11.7
Total Asset Growth % -16.0 18.4 29.3
Customer Deposit Growth % -27.0 27.5 48.8
Shareholders' Equity Growth % 4.17 6.73 -0.440

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Net Interest Income BGN mil         61.3 59.3 53.9 53.3 52.1    
Total Revenues BGN mil         64.2 62.1 54.9 57.5 58.4    
Operating Profit BGN mil         55.5 51.7 43.5 46.3 41.4    
Net Profit BGN mil         11.4 21.9 10.8 12.8 38.3    
balance sheet                      
Customer Loans BGN mil         1,676 1,397 1,265 1,136 910    
Debt Securities BGN mil         19.6 129 165 278 222    
Total Assets BGN mil         1,875 1,694 1,781 1,922 1,614    
Shareholders' Equity BGN mil         671 683 673 681 709    
Interbank Borrowing BGN mil         0 0 0 0 0.362    
Customer Deposits BGN mil         1,189 994 1,102 1,237 902    
Issued Debt Securities BGN mil         3.08 3.08 1.53 0.888 0.362    
ratios                      
ROE %         1.71 3.23 1.60 1.89 5.52    
ROA %         0.702 1.23 0.624 0.693 2.17    
Costs (As % Of Assets) %         0.531 0.583 0.657 0.601 0.967    
Costs (As % Of Income) %         13.4 16.7 20.8 19.4 29.3    
Net Interest Margin %         3.77 3.32 3.10 2.88 2.95    
Interest Income (As % Of Revenues) %         95.5 95.5 98.1 92.8 89.2    
Fee Income (As % Of Revenues) %         2.81 2.82 2.83 3.45 3.36    
Equity (As % Of Assets) %         35.8 40.3 37.8 35.4 43.9    
Loans (As % Of Deposits) %         141 141 115 91.9 101    
Loans (As % Assets) %         89.4 82.5 71.0 59.1 56.4    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Interest Income BGN mil         82.0 80.8 68.2 65.1 60.1    
Interest Cost BGN mil         20.8 21.5 14.3 11.8 7.98    
Net Interest Income BGN mil         61.3 59.3 53.9 53.3 52.1    
Net Fee Income BGN mil         1.80 1.75 1.55 1.99 1.96    
Other Income BGN mil         1.11 1.07 -0.521 2.17 4.34    
Total Revenues BGN mil         64.2 62.1 54.9 57.5 58.4    
Depreciation BGN mil         0.178 0.287 0.376 0.486 0.510    
Operating Cost BGN mil         8.63 10.4 11.4 11.1 17.1    
Operating Profit BGN mil         55.5 51.7 43.5 46.3 41.4    
Provisions BGN mil         42.6 27.1 31.1 31.9 -1.84    
Extra and Other Cost BGN mil         0.225 0.341 0.322 0.154 0.586    
Pre-Tax Profit BGN mil         12.7 24.3 12.0 14.2 42.6    
Tax BGN mil         1.27 2.43 1.20 1.43 4.26    
Minorities BGN mil         0 0 0 0 0    
Net Profit BGN mil         11.4 21.9 10.8 12.8 38.3    
growth rates                      
Net Interest Income Growth % ...       20.5 -3.19 -9.13 -1.06 -2.19    
Net Fee Income Growth % ...       5.51 -2.67 -11.4 27.9 -1.11    
Total Revenue Growth % ...       11.2 -3.18 -11.6 4.64 1.70    
Operating Cost Growth % ...       19.0 20.6 9.73 -2.52 53.7    
Operating Profit Growth % ...       10.1 -6.87 -15.9 6.52 -10.8    
Pre-Tax Profit Growth % ...       -60.3 91.7 -50.5 18.3 199    
Net Profit Growth % ...       -60.3 91.7 -50.5 18.3 199    
market share                      
Market Share in Revenues %         1.63 1.63 1.48 1.47 1.42    
Market Share in Net Profit %         2.41 4.17 2.15 1.80 4.27    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                      
Cash BGN mil         70.3 51.6 234 387 347    
Customer Loans BGN mil         1,676 1,397 1,265 1,136 910    
Debt Securities BGN mil         19.6 129 165 278 222    
Fixed Assets BGN mil         14.4 15.0 17.0 20.6 32.3    
Total Assets BGN mil         1,875 1,694 1,781 1,922 1,614    
Shareholders' Equity BGN mil         671 683 673 681 709    
Of Which Minority Interest BGN mil         0 0 0 0 0    
Liabilities BGN mil         1,205 1,011 1,108 1,241 905    
Interbank Borrowing BGN mil         0 0 0 0 0.362    
Customer Deposits BGN mil         1,189 994 1,102 1,237 902    
Issued Debt Securities BGN mil         3.08 3.08 1.53 0.888 0.362    
Other Liabilities BGN mil         0 0 0 0 0    
growth rates                      
Customer Loan Growth % ...       31.5 -16.6 -9.49 -10.2 -19.9    
Total Asset Growth % ...       36.2 -9.66 5.14 7.88 -16.0    
Shareholders' Equity Growth % ...       1.26 1.81 -1.42 1.10 4.17    
Customer Deposit Growth % ...       67.3 -16.4 10.9 12.2 -27.0    
market share                      
Market Share in Customer Loans %         3.09 2.51 2.27 2.20 1.80    
Market Share in Total Assets %         3.12 2.62 2.56 2.74 2.12    
Market Share in Customer Deposits %         2.22 1.72 1.75 1.93 1.35    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                      
ROE %         1.71 3.23 1.60 1.89 5.52    
ROA %         0.702 1.23 0.624 0.693 2.17    
Costs (As % Of Assets) %         0.531 0.583 0.657 0.601 0.967    
Costs (As % Of Income) %         13.4 16.7 20.8 19.4 29.3    
Net Interest Margin %         3.77 3.32 3.10 2.88 2.95    
Interest Spread % ...       2.88 2.59 2.57 2.51 2.66    
Asset Yield %         5.04 4.53 3.93 3.52 3.40    
Cost Of Liabilities % ...       2.16 1.94 1.35 1.01 0.744    
Interest Income (As % Of Revenues) %         95.5 95.5 98.1 92.8 89.2    
Fee Income (As % Of Revenues) %         2.81 2.82 2.83 3.45 3.36    
Other Income (As % Of Revenues) %         1.72 1.72 -0.949 3.77 7.42    
Equity (As % Of Assets) %         35.8 40.3 37.8 35.4 43.9    
Loans (As % Of Deposits) %         141 141 115 91.9 101    
Loans (As % Assets) %         89.4 82.5 71.0 59.1 56.4    
Cost of Provisions (As % Of Loans) %         2.89 1.76 2.34 2.66 -0.180    

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BDB's net profit fell 63.6% to BGN 16.4 mil in 2017

By Helgi Analytics - September 3, 2018

Bulgarian Development Bank made a net profit of BGN 16.4 mil under revenues of BGN 56.4 mil in 2017, up -63.6% and -0.346% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of BGN 45.0 mil in 2016 and an all time low...

BDB's total revenues fell 0.346% to BGN 56.4 mil in 2017

By Helgi Analytics - September 20, 2018

Bulgarian Development Bank generated total banking revenues of BGN 56.4 mil in 2017, down 0.346% 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 ...

BDB's net interest income fell 2.69% to BGN 55.0 mil in 2017

By Helgi Analytics - September 3, 2018

Bulgarian Development Bank generated total banking revenues of BGN 56.4 mil in 2017, down 0.346% 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 64.2 mil ...

BDB's customer loan growth fell 79.0% to 11.7% in 2017

By Helgi Analytics - September 3, 2018

Bulgarian Development Bank's customer loan growth reached 11.7% in 2017, down from 55.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 120% in 2008 and an all time low of -19.9% in 2015. In the last decad...

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Finance

Bulgarian Development Bank has been growing its revenues and asset by -0.625% and 8.75% a year on average in the last 3 years. Its loans and deposits have grown by 11.7% and 11.4% a year during that time and loans to deposits ratio reached 92.5% at the end of 2017. The company achieved an average return on equity of 4.61% in the last three years with net profit growing 8.47% a year on average. In terms of operating efficiency, its cost to income ratio reached 22.6% in 2017, compared to 24.2% average in the last three years.

Equity represented 30.5% of total assets or of loans at the end of 2017. Bulgarian Development Bank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.