Cibank

Cibank's customer loans rose 22.9% to BGN 2,715 mil in 2017

By Helgi Analytics - September 3, 2018

Cibank's customer loans reached BGN 2,715 mil in 2017, up 22.9% compared to the previous year. Bulgarian banking sector provide...

Cibank's total revenues rose 5.81% to BGN 119 mil in 2017

By Helgi Analytics - September 20, 2018

Cibank generated total banking revenues of BGN 119 mil in 2017, up 5.81% compared to the previous year. Bulgarian banking ...

Cibank's customer deposits rose 16.6% to BGN 3,193 mil in 2017

By Helgi Analytics - September 3, 2018

Cibank's customer deposits reached BGN 3,193 mil in 2017, up 16.6% compared to the previous year. Bulgarian banking sector acce...

Profit Statement 2015 2016 2017
Net Interest Income BGN mil 80.3 84.6 85.2
Fee Income (As % Of Revenues) % 26.6 26.8 26.8
Other Income BGN mil 4.51 -2.00 2.21
Total Revenues BGN mil 116 113 119
Operating Profit BGN mil 40.9 45.6 50.1
Provisions BGN mil 19.7 5.87 10.3
Net Profit BGN mil 26.9 32.9 31.5
Balance Sheet 2015 2016 2017
Customer Loans BGN mil 1,568 2,209 2,715
Debt Securities BGN mil 461 543 597
Total Assets BGN mil 2,687 3,102 3,620
Shareholders' Equity BGN mil 294 332 385
Interbank Borrowing BGN mil 0 0 1.17
Customer Deposits BGN mil 2,368 2,737 3,193
Issued Debt Securities BGN mil 0 0 1.17
Ratios 2015 2016 2017
ROE % 9.74 10.5 8.78
ROA % 1.05 1.14 0.936
Costs (As % Of Assets) % 2.90 2.32 2.06
Costs (As % Of Income) % 64.6 59.6 58.1
Net Interest Margin % 3.12 2.92 2.53
Loans (As % Of Deposits) % 66.2 80.7 85.0
Growth Rates 2015 2016 2017
Total Revenue Growth % 6.63 -2.33 5.81
Operating Cost Growth % 10.5 -9.95 3.12
Operating Profit Growth % 0.208 11.6 9.79
Net Profit Growth % 25.1 22.2 -4.31
Customer Loan Growth % -16.6 40.8 22.9
Total Asset Growth % 9.36 15.4 16.7
Customer Deposit Growth % 9.27 15.6 16.6
Shareholders' Equity Growth % 13.7 13.1 15.8

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Net Interest Income BGN mil         49.5 47.7 54.3 72.0 80.3    
Total Revenues BGN mil         90.9 94.3 98.9 108 116    
Operating Profit BGN mil         18.7 24.2 31.9 40.8 40.9    
Net Profit BGN mil         0.433 10.1 13.9 21.5 26.9    
balance sheet                      
Customer Loans BGN mil         1,704 1,657 1,788 1,881 1,568    
Debt Securities BGN mil         99.9 178 164 312 461    
Total Assets BGN mil         2,026 2,083 2,188 2,457 2,687    
Shareholders' Equity BGN mil         331 295 291 258 294    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         1,692 1,778 1,888 2,167 2,368    
Issued Debt Securities BGN mil         0.003 0.139 0 0 0    
ratios                      
ROE %         0.140 3.22 4.74 7.82 9.74    
ROA %         0.022 0.490 0.651 0.926 1.05    
Costs (As % Of Assets) %         3.70 3.41 3.14 2.91 2.90    
Costs (As % Of Income) %         79.4 74.3 67.7 62.4 64.6    
Net Interest Margin %         2.54 2.32 2.55 3.10 3.12    
Interest Income (As % Of Revenues) %         54.4 50.6 54.9 66.4 69.5    
Fee Income (As % Of Revenues) %         40.5 38.4 32.3 29.7 26.6    
Equity (As % Of Assets) %         16.3 14.2 13.3 10.5 10.9    
Loans (As % Of Deposits) %         101 93.2 94.7 86.8 66.2    
Loans (As % Assets) %         84.1 79.5 81.7 76.5 58.4    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Interest Income BGN mil         106 101 92.8 98.6 97.4    
Interest Cost BGN mil         56.6 53.2 38.5 26.6 17.1    
Net Interest Income BGN mil         49.5 47.7 54.3 72.0 80.3    
Net Fee Income BGN mil         36.8 36.2 32.0 32.2 30.8    
Other Income BGN mil         4.61 10.4 12.6 4.27 4.51    
Total Revenues BGN mil         90.9 94.3 98.9 108 116    
Depreciation BGN mil         5.13 5.14 4.43 4.26 4.16    
Operating Cost BGN mil         72.2 70.1 67.0 67.6 74.7    
Operating Profit BGN mil         18.7 24.2 31.9 40.8 40.9    
Provisions BGN mil         18.4 14.4 18.5 19.8 19.7    
Extra and Other Cost BGN mil         -0.166 -0.168 -0.185 -0.192 0.242    
Pre-Tax Profit BGN mil         0.472 9.94 13.6 21.1 20.9    
Tax BGN mil         0.039 -0.129 -0.282 -0.353 -5.97    
Minorities BGN mil         0 0 0 0 0    
Net Profit BGN mil         0.433 10.1 13.9 21.5 26.9    
growth rates                      
Net Interest Income Growth % ...       -10.3 -3.49 13.8 32.4 11.6    
Net Fee Income Growth % ...       8.86 -1.54 -11.7 0.651 -4.37    
Total Revenue Growth % ...       -6.08 3.80 4.87 9.62 6.63    
Operating Cost Growth % ...       8.20 -2.88 -4.44 0.928 10.5    
Operating Profit Growth % ...       -37.8 29.6 31.8 27.9 0.208    
Pre-Tax Profit Growth % ...       -81.9 2,007 37.0 55.2 -0.988    
Net Profit Growth % ...       -81.5 2,226 38.1 54.6 25.1    
market share                      
Market Share in Revenues %         2.31 2.47 2.67 2.78 2.80    
Market Share in Net Profit %         0.091 1.92 2.76 3.03 2.99    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                      
Cash BGN mil         145 161 147 178 570    
Customer Loans BGN mil         1,704 1,657 1,788 1,881 1,568    
Debt Securities BGN mil         99.9 178 164 312 461    
Fixed Assets BGN mil         53.0 64.3 67.3 70.5 66.3    
Total Assets BGN mil         2,026 2,083 2,188 2,457 2,687    
Shareholders' Equity BGN mil         331 295 291 258 294    
Of Which Minority Interest BGN mil         0 0 0 0 0    
Liabilities BGN mil         1,696 1,788 1,896 2,199 2,394    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         1,692 1,778 1,888 2,167 2,368    
Issued Debt Securities BGN mil         0.003 0.139 0 0 0    
Other Liabilities BGN mil         0 0 0 0 0    
growth rates                      
Customer Loan Growth % ...       5.00 -2.78 7.92 5.20 -16.6    
Total Asset Growth % ...       8.28 2.79 5.03 12.3 9.36    
Shareholders' Equity Growth % ...       14.2 -10.8 -1.23 -11.3 13.7    
Customer Deposit Growth % ...       7.18 5.11 6.19 14.7 9.27    
market share                      
Market Share in Customer Loans %         3.14 2.98 3.20 3.65 3.09    
Market Share in Total Assets %         3.37 3.23 3.14 3.50 3.53    
Market Share in Customer Deposits %         3.16 3.07 3.00 3.38 3.54    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                      
ROE %         0.140 3.22 4.74 7.82 9.74    
ROA %         0.022 0.490 0.651 0.926 1.05    
Costs (As % Of Assets) %         3.70 3.41 3.14 2.91 2.90    
Costs (As % Of Income) %         79.4 74.3 67.7 62.4 64.6    
Net Interest Margin %         2.54 2.32 2.55 3.10 3.12    
Interest Spread % ...       1.99 1.86 2.26 2.95 3.04    
Asset Yield %         5.44 4.91 4.35 4.24 3.79    
Cost Of Liabilities % ...       3.45 3.05 2.09 1.30 0.745    
Interest Income (As % Of Revenues) %         54.4 50.6 54.9 66.4 69.5    
Fee Income (As % Of Revenues) %         40.5 38.4 32.3 29.7 26.6    
Other Income (As % Of Revenues) %         5.08 11.0 12.7 3.93 3.90    
Equity (As % Of Assets) %         16.3 14.2 13.3 10.5 10.9    
Loans (As % Of Deposits) %         101 93.2 94.7 86.8 66.2    
Loans (As % Assets) %         84.1 79.5 81.7 76.5 58.4    
Cost of Provisions (As % Of Loans) %         1.10 0.859 1.07 1.08 1.14    

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Cibank's net profit fell 4.30% to BGN 31.5 mil in 2017

By Helgi Analytics - September 3, 2018

Cibank made a net profit of BGN 31.5 mil under revenues of BGN 119 mil in 2017, up -4.30% and 5.81% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of BGN 41.4 mil in 2007 and an all time low of BGN 0.433 mil i...

Cibank's net interest margin fell 13.3% to 2.53% in 2017

By Helgi Analytics - September 3, 2018

Cibank's net interest margin amounted to 2.53% in 2017, down from 2.92% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.26% in 2009 and an all time low of 2.32% in 2012. The average margin in the...

Cibank's net interest income rose 0.689% to BGN 85.2 mil in 2017

By Helgi Analytics - September 3, 2018

Cibank generated total banking revenues of BGN 119 mil in 2017, up 5.81% 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 119 mil in 2017 and an all time l...

Cibank's customer loan growth fell 43.9% to 22.9% in 2017

By Helgi Analytics - September 3, 2018

Cibank's customer loan growth reached 22.9% in 2017, down from 40.8% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 40.8% in 2016 and an all time low of -16.6% in 2015. In the last decade, the average annu...

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Finance

Cibank has been growing its revenues and asset by 3.29% and 13.8% a year on average in the last 3 years. Its loans and deposits have grown by 13.0% and 13.8% a year during that time and loans to deposits ratio reached 85.0% at the end of 2017. The company achieved an average return on equity of 9.67% in the last three years with net profit growing 13.5% a year on average. In terms of operating efficiency, its cost to income ratio reached 58.1% in 2017, compared to 60.8% average in the last three years.

Equity represented 10.6% of total assets or 14.2% of loans at the end of 2017. Cibank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.