Citibank Bulgaria

Citibank's net profit fell 61.3% to BGN 3.40 mil in 2017

By Helgi Analytics - September 3, 2018

Citibank Bulgaria made a net profit of BGN 3.40 mil under revenues of BGN 20.2 mil in 2017, up -61.3% and -19.6% respectively compare...

Citibank's total revenues fell 19.6% to BGN 20.2 mil in 2017

By Helgi Analytics - September 20, 2018

Citibank Bulgaria generated total banking revenues of BGN 20.2 mil in 2017, down 19.6% compared to the previous year. Bulg...

Citibank's customer deposits rose 2.30% to BGN 842 mil in 2017

By Helgi Analytics - September 3, 2018

Citibank Bulgaria's customer deposits reached BGN 842 mil in 2017, up 2.30% compared to the previous year. Bulgarian banking se...

Profit Statement 2015 2016 2017
Net Interest Income BGN mil 4.70 3.80 1.28
Fee Income (As % Of Revenues) % 19.5 15.6 21.5
Other Income BGN mil 12.4 17.4 14.6
Total Revenues BGN mil 21.2 25.1 20.2
Operating Profit BGN mil 10.2 9.99 3.68
Provisions BGN mil -0.053 0.152 -0.200
Net Profit BGN mil 9.20 8.80 3.40
Balance Sheet 2015 2016 2017
Customer Loans BGN mil 160 179 131
Debt Securities BGN mil 175 112 108
Total Assets BGN mil 833 829 856
Shareholders' Equity BGN mil 10.1 0.903 4.01
Interbank Borrowing BGN mil 4.69 3.61 1.94
Customer Deposits BGN mil 815 823 842
Issued Debt Securities BGN mil 4.69 3.61 1.94
Ratios 2015 2016 2017
ROE % 83.9 160 139
ROA % 1.05 1.06 0.404
Costs (As % Of Assets) % 1.26 1.82 1.96
Costs (As % Of Income) % 51.8 60.2 81.7
Net Interest Margin % 0.537 0.457 0.151
Loans (As % Of Deposits) % 19.7 21.8 15.5
Growth Rates 2015 2016 2017
Total Revenue Growth % -8.85 18.2 -19.6
Operating Cost Growth % 1.57 37.4 9.16
Operating Profit Growth % -17.9 -2.44 -63.1
Net Profit Growth % -20.9 -4.33 -61.3
Customer Loan Growth % -75.1 11.8 -27.1
Total Asset Growth % -9.15 -0.422 3.20
Customer Deposit Growth % -8.93 0.917 2.30
Shareholders' Equity Growth % -14.6 -91.1 344

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Net Interest Income BGN mil         14.0 15.4 7.29 5.63 4.70    
Total Revenues BGN mil         28.3 35.2 23.1 23.3 21.2    
Operating Profit BGN mil         16.5 22.2 10.6 12.5 10.2    
Net Profit BGN mil         13.9 20.1 9.61 11.6 9.20    
balance sheet                      
Customer Loans BGN mil         269 299 338 643 160    
Debt Securities BGN mil         158 185 180 165 175    
Total Assets BGN mil         552 542 635 916 833    
Shareholders' Equity BGN mil         14.4 22.5 10.1 11.8 10.1    
Interbank Borrowing BGN mil         0 0 0 0 4.69    
Customer Deposits BGN mil         514 509 616 895 815    
Issued Debt Securities BGN mil         17.0 6.61 5.26 5.49 4.69    
ratios                      
ROE %         76.9 109 58.8 106 83.9    
ROA %         2.65 3.67 1.63 1.50 1.05    
Costs (As % Of Assets) %         2.25 2.38 2.14 1.40 1.26    
Costs (As % Of Income) %         41.7 37.0 54.4 46.5 51.8    
Net Interest Margin %         2.67 2.82 1.24 0.725 0.537    
Interest Income (As % Of Revenues) %         49.4 43.7 31.5 24.1 22.1    
Fee Income (As % Of Revenues) %         23.7 15.8 23.6 21.9 19.5    
Equity (As % Of Assets) %         2.62 4.15 1.60 1.29 1.21    
Loans (As % Of Deposits) %         52.3 58.7 54.9 71.8 19.7    
Loans (As % Assets) %         48.7 55.1 53.3 70.1 19.3    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Interest Income BGN mil         15.6 17.3 8.42 7.05 5.53    
Interest Cost BGN mil         1.64 1.91 1.13 1.43 0.827    
Net Interest Income BGN mil         14.0 15.4 7.29 5.63 4.70    
Net Fee Income BGN mil         6.70 5.57 5.46 5.10 4.14    
Other Income BGN mil         7.60 14.3 10.4 12.6 12.4    
Total Revenues BGN mil         28.3 35.2 23.1 23.3 21.2    
Depreciation BGN mil         0.276 0.290 0.270 0.472 0.706    
Operating Cost BGN mil         11.8 13.0 12.6 10.8 11.0    
Operating Profit BGN mil         16.5 22.2 10.6 12.5 10.2    
Provisions BGN mil         1.01 -0.179 0.058 -0.553 -0.053    
Extra and Other Cost BGN mil         -0.016 -0.016 -0.017 -0.022 -0.012    
Pre-Tax Profit BGN mil         15.5 22.4 10.5 13.0 10.3    
Tax BGN mil         1.57 2.34 0.911 1.42 1.11    
Minorities BGN mil         0 0 0 0 0    
Net Profit BGN mil         13.9 20.1 9.61 11.6 9.20    
growth rates                      
Net Interest Income Growth % ...       11.9 10.3 -52.7 -22.9 -16.4    
Net Fee Income Growth % ...       29.7 -16.9 -2.12 -6.56 -18.9    
Total Revenue Growth % ...       -21.1 24.6 -34.3 0.692 -8.85    
Operating Cost Growth % ...       -2.54 10.4 -3.45 -13.9 1.57    
Operating Profit Growth % ...       -30.5 34.8 -52.5 18.1 -17.9    
Pre-Tax Profit Growth % ...       -34.3 44.7 -53.0 24.0 -21.0    
Net Profit Growth % ...       -34.5 44.3 -52.1 21.0 -20.9    
market share                      
Market Share in Revenues %         0.719 0.923 0.624 0.597 0.514    
Market Share in Net Profit %         2.93 3.82 1.91 1.64 1.02    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                      
Cash BGN mil         122 56.0 115 99.6 488    
Customer Loans BGN mil         269 299 338 643 160    
Debt Securities BGN mil         158 185 180 165 175    
Fixed Assets BGN mil         0.534 0.563 0.456 3.91 3.32    
Total Assets BGN mil         552 542 635 916 833    
Shareholders' Equity BGN mil         14.4 22.5 10.1 11.8 10.1    
Of Which Minority Interest BGN mil         0 0 0 0 0    
Liabilities BGN mil         537 520 625 905 822    
Interbank Borrowing BGN mil         0 0 0 0 4.69    
Customer Deposits BGN mil         514 509 616 895 815    
Issued Debt Securities BGN mil         17.0 6.61 5.26 5.49 4.69    
Other Liabilities BGN mil         0 0 0 0 0    
growth rates                      
Customer Loan Growth % ...       -7.80 11.1 13.3 89.9 -75.1    
Total Asset Growth % ...       11.4 -1.78 17.2 44.2 -9.15    
Shareholders' Equity Growth % ...       -33.5 56.0 -54.9 16.7 -14.6    
Customer Deposit Growth % ...       14.3 -0.944 21.0 45.4 -8.93    
market share                      
Market Share in Customer Loans %         0.496 0.536 0.606 1.25 0.316    
Market Share in Total Assets %         0.918 0.840 0.912 1.31 1.09    
Market Share in Customer Deposits %         0.961 0.879 0.980 1.39 1.22    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                      
ROE %         76.9 109 58.8 106 83.9    
ROA %         2.65 3.67 1.63 1.50 1.05    
Costs (As % Of Assets) %         2.25 2.38 2.14 1.40 1.26    
Costs (As % Of Income) %         41.7 37.0 54.4 46.5 51.8    
Net Interest Margin %         2.67 2.82 1.24 0.725 0.537    
Interest Spread % ...       2.66 2.80 1.23 0.722 0.536    
Asset Yield %         2.98 3.17 1.43 0.909 0.632    
Cost Of Liabilities % ...       0.324 0.361 0.198 0.187 0.096    
Interest Income (As % Of Revenues) %         49.4 43.7 31.5 24.1 22.1    
Fee Income (As % Of Revenues) %         23.7 15.8 23.6 21.9 19.5    
Other Income (As % Of Revenues) %         26.9 40.4 44.9 54.0 58.4    
Equity (As % Of Assets) %         2.62 4.15 1.60 1.29 1.21    
Loans (As % Of Deposits) %         52.3 58.7 54.9 71.8 19.7    
Loans (As % Assets) %         48.7 55.1 53.3 70.1 19.3    
Cost of Provisions (As % Of Loans) %         0.362 -0.063 0.018 -0.113 -0.013    

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Citibank's customer loans fell 27.1% to BGN 131 mil in 2017

By Helgi Analytics - September 3, 2018

Citibank Bulgaria's customer loans reached BGN 131 mil in 2017, down 27.1% 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. Citibank Bulgaria accounted for 0....

Citibank's net interest margin fell 66.8% to 0.151% in 2017

By Helgi Analytics - September 3, 2018

Citibank Bulgaria's net interest margin amounted to 0.151% in 2017, down from 0.457% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 2.99% in 2008 and an all time low of 0.151% in 2017. The average...

Citibank's net interest income fell 66.4% to BGN 1.28 mil in 2017

By Helgi Analytics - September 3, 2018

Citibank Bulgaria generated total banking revenues of BGN 20.2 mil in 2017, down 19.6% 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 35.8 mil in 2010 an...

Citibank's customer loan growth fell 329% to -27.1% in 2017

By Helgi Analytics - September 3, 2018

Citibank Bulgaria's customer loan growth reached -27.1% in 2017, down from 11.8% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 89.9% in 2014 and an all time low of -75.1% in 2015. In the last decade, the ...

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Finance

Citibank Bulgaria has been growing its revenues and asset by -4.69% and -2.27% a year on average in the last 3 years. Its loans and deposits have grown by -41.2% and -2.04% a year during that time and loans to deposits ratio reached 15.5% at the end of 2017. The company achieved an average return on equity of 127% in the last three years with net profit growing -33.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 81.7% in 2017, compared to 64.6% average in the last three years.

Equity represented 0.468% of total assets or 3.07% of loans at the end of 2017. Citibank Bulgaria's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.