By Helgi Analytics - September 3, 2018
International Asset Bank's customer deposits reached BGN 1,255 mil in 2017, up 5.35% compared to the previous year. Bulgarian b...
By Helgi Analytics - September 3, 2018
International Asset Bank's customer loans reached BGN 734 mil in 2017, up 11.8% compared to the previous year. Bulgarian bankin...
By Helgi Analytics - September 3, 2018
International Asset Bank made a net profit of BGN 6.01 mil under revenues of BGN 34.1 mil in 2017, up -41.9% and -8.73% respectively ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | BGN mil | 17.7 | 16.5 | 18.1 |
| Net Fee Income | BGN mil | 12.9 | 14.5 | 15.9 |
| Other Income | BGN mil | 24.4 | 6.39 | 0.160 |
| Total Revenues | BGN mil | 55.0 | 37.4 | 34.1 |
| Operating Profit | BGN mil | 29.9 | 14.4 | 9.86 |
| Provisions | BGN mil | 24.7 | 2.79 | 3.41 |
| Net Profit | BGN mil | 4.22 | 10.3 | 6.01 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Customer Loans | BGN mil | 691 | 657 | 734 |
| Total Assets | BGN mil | 1,198 | 1,302 | 1,372 |
| Shareholders' Equity | BGN mil | 89.7 | 102 | 106 |
| Interbank Borrowing | BGN mil | 0 | 0 | 0 |
| Customer Deposits | BGN mil | 1,102 | 1,192 | 1,255 |
| Issued Debt Securities | BGN mil | 0 | 0 | 0 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 4.82 | 10.8 | 5.79 |
| ROA | % | 0.366 | 0.827 | 0.449 |
| Costs (As % Of Assets) | % | 2.18 | 1.84 | 1.82 |
| Costs (As % Of Income) | % | 45.6 | 61.6 | 71.1 |
| Net Interest Margin | % | 1.53 | 1.32 | 1.35 |
| Loans (As % Of Deposits) | % | 62.7 | 55.1 | 58.5 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 84.4 | -32.1 | -8.73 |
| Operating Cost Growth | % | 21.8 | -8.22 | 5.35 |
| Operating Profit Growth | % | 224 | -52.1 | -31.3 |
| Net Profit Growth | % | 19.2 | 145 | -41.9 |
| Customer Loan Growth | % | 0.023 | -4.96 | 11.8 |
| Total Asset Growth | % | 8.01 | 8.68 | 5.35 |
| Customer Deposit Growth | % | 7.92 | 8.11 | 5.35 |
| Shareholders' Equity Growth | % | 4.94 | 13.4 | 4.09 |
Get all company financials in excel:
| summary | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Net Interest Income | BGN mil | 8.85 | 11.9 | 9.90 | 14.8 | 17.7 | ||||||
| Total Revenues | BGN mil | 20.8 | 24.4 | 23.3 | 29.9 | 55.0 | ||||||
| Operating Profit | BGN mil | 1.95 | 5.91 | 3.60 | 9.24 | 29.9 | ||||||
| Net Profit | BGN mil | 1.87 | 3.19 | 1.06 | 3.54 | 4.22 | ||||||
| balance sheet | ||||||||||||
| Customer Loans | BGN mil | 493 | 547 | 668 | 691 | 691 | ||||||
| Debt Securities | BGN mil | 120 | 108 | 119 | 154 | 168 | ||||||
| Total Assets | BGN mil | 717 | 849 | 972 | 1,109 | 1,198 | ||||||
| Shareholders' Equity | BGN mil | 67.4 | 80.9 | 82.0 | 85.5 | 89.7 | ||||||
| Interbank Borrowing | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Customer Deposits | BGN mil | 647 | 766 | 887 | 1,022 | 1,102 | ||||||
| Issued Debt Securities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| ratios | ||||||||||||
| ROE | % | 2.81 | 4.29 | 1.31 | 4.23 | 4.82 | ||||||
| ROA | % | 0.280 | 0.407 | 0.117 | 0.341 | 0.366 | ||||||
| Costs (As % Of Assets) | % | 2.82 | 2.37 | 2.16 | 1.98 | 2.18 | ||||||
| Costs (As % Of Income) | % | 90.7 | 75.8 | 84.6 | 69.0 | 45.6 | ||||||
| Net Interest Margin | % | 1.32 | 1.52 | 1.09 | 1.42 | 1.53 | ||||||
| Interest Income (As % Of Revenues) | % | 42.4 | 48.8 | 42.5 | 49.6 | 32.1 | ||||||
| Fee Income (As % Of Revenues) | % | 46.7 | 42.1 | 45.8 | 38.6 | 23.5 | ||||||
| Equity (As % Of Assets) | % | 9.41 | 9.53 | 8.43 | 7.71 | 7.49 | ||||||
| Loans (As % Of Deposits) | % | 76.1 | 71.4 | 75.3 | 67.7 | 62.7 | ||||||
| Loans (As % Assets) | % | 68.7 | 64.4 | 68.8 | 62.3 | 57.7 |
| income statement | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Interest Income | BGN mil | 34.3 | 38.2 | 38.6 | 43.3 | 44.3 | ||||||
| Interest Cost | BGN mil | 25.5 | 26.3 | 28.7 | 28.5 | 26.6 | ||||||
| Net Interest Income | BGN mil | 8.85 | 11.9 | 9.90 | 14.8 | 17.7 | ||||||
| Net Fee Income | BGN mil | 9.73 | 10.3 | 10.7 | 11.5 | 12.9 | ||||||
| Other Income | BGN mil | 2.26 | 2.22 | 2.73 | 3.51 | 24.4 | ||||||
| Total Revenues | BGN mil | 20.8 | 24.4 | 23.3 | 29.9 | 55.0 | ||||||
| Depreciation | BGN mil | 1.56 | 0.935 | 1.03 | 1.15 | 1.34 | ||||||
| Operating Cost | BGN mil | 18.9 | 18.5 | 19.7 | 20.6 | 25.1 | ||||||
| Operating Profit | BGN mil | 1.95 | 5.91 | 3.60 | 9.24 | 29.9 | ||||||
| Provisions | BGN mil | -0.100 | 2.41 | 2.47 | 5.46 | 24.7 | ||||||
| Extra and Other Cost | BGN mil | -0.102 | -0.104 | -0.119 | -0.126 | 0.433 | ||||||
| Pre-Tax Profit | BGN mil | 2.15 | 3.61 | 1.25 | 3.91 | 4.76 | ||||||
| Tax | BGN mil | 0.278 | 0.423 | 0.183 | 0.365 | 0.540 | ||||||
| Minorities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Net Profit | BGN mil | 1.87 | 3.19 | 1.06 | 3.54 | 4.22 | ||||||
| growth rates | ||||||||||||
| Net Interest Income Growth | % | ... | -47.4 | 34.8 | -17.0 | 49.6 | 19.4 | |||||
| Net Fee Income Growth | % | ... | 9.07 | 5.79 | 3.55 | 8.11 | 12.3 | |||||
| Total Revenue Growth | % | ... | -25.2 | 17.3 | -4.72 | 28.2 | 84.4 | |||||
| Operating Cost Growth | % | ... | -6.95 | -1.91 | 6.25 | 4.66 | 21.8 | |||||
| Operating Profit Growth | % | ... | -74.2 | 203 | -39.1 | 157 | 224 | |||||
| Pre-Tax Profit Growth | % | ... | -57.0 | 67.8 | -65.4 | 213 | 21.8 | |||||
| Net Profit Growth | % | ... | -57.6 | 70.1 | -66.6 | 233 | 19.2 | |||||
| market share | ||||||||||||
| Market Share in Revenues | % | 0.530 | 0.640 | 0.628 | 0.765 | 1.33 | ||||||
| Market Share in Net Profit | % | 0.395 | 0.607 | 0.211 | 0.499 | 0.470 |
| balance sheet | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||
| Cash | BGN mil | 59.8 | 145 | 132 | 200 | 277 | ||||||
| Customer Loans | BGN mil | 493 | 547 | 668 | 691 | 691 | ||||||
| Debt Securities | BGN mil | 120 | 108 | 119 | 154 | 168 | ||||||
| Fixed Assets | BGN mil | 15.6 | 21.6 | 18.8 | 20.2 | 18.3 | ||||||
| Total Assets | BGN mil | 717 | 849 | 972 | 1,109 | 1,198 | ||||||
| Shareholders' Equity | BGN mil | 67.4 | 80.9 | 82.0 | 85.5 | 89.7 | ||||||
| Of Which Minority Interest | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Liabilities | BGN mil | 649 | 768 | 890 | 1,024 | 1,109 | ||||||
| Interbank Borrowing | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Customer Deposits | BGN mil | 647 | 766 | 887 | 1,022 | 1,102 | ||||||
| Issued Debt Securities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Other Liabilities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| growth rates | ||||||||||||
| Customer Loan Growth | % | ... | 13.3 | 11.0 | 22.2 | 3.43 | 0.023 | |||||
| Total Asset Growth | % | ... | 15.1 | 18.5 | 14.4 | 14.2 | 8.01 | |||||
| Shareholders' Equity Growth | % | ... | 2.85 | 19.9 | 1.32 | 4.32 | 4.94 | |||||
| Customer Deposit Growth | % | ... | 16.6 | 18.3 | 15.8 | 15.2 | 7.92 | |||||
| market share | ||||||||||||
| Market Share in Customer Loans | % | 0.909 | 0.982 | 1.20 | 1.34 | 1.36 | ||||||
| Market Share in Total Assets | % | 1.19 | 1.32 | 1.39 | 1.58 | 1.57 | ||||||
| Market Share in Customer Deposits | % | 1.21 | 1.32 | 1.41 | 1.59 | 1.65 |
| ratios | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||
| ROE | % | 2.81 | 4.29 | 1.31 | 4.23 | 4.82 | ||||||
| ROA | % | 0.280 | 0.407 | 0.117 | 0.341 | 0.366 | ||||||
| Costs (As % Of Assets) | % | 2.82 | 2.37 | 2.16 | 1.98 | 2.18 | ||||||
| Costs (As % Of Income) | % | 90.7 | 75.8 | 84.6 | 69.0 | 45.6 | ||||||
| Net Interest Margin | % | 1.32 | 1.52 | 1.09 | 1.42 | 1.53 | ||||||
| Interest Spread | % | ... | 0.901 | 1.17 | 0.778 | 1.18 | 1.34 | |||||
| Asset Yield | % | 5.13 | 4.88 | 4.24 | 4.16 | 3.84 | ||||||
| Cost Of Liabilities | % | ... | 4.23 | 3.71 | 3.46 | 2.97 | 2.49 | |||||
| Interest Income (As % Of Revenues) | % | 42.4 | 48.8 | 42.5 | 49.6 | 32.1 | ||||||
| Fee Income (As % Of Revenues) | % | 46.7 | 42.1 | 45.8 | 38.6 | 23.5 | ||||||
| Other Income (As % Of Revenues) | % | 10.9 | 9.10 | 11.7 | 11.8 | 44.4 | ||||||
| Equity (As % Of Assets) | % | 9.41 | 9.53 | 8.43 | 7.71 | 7.49 | ||||||
| Loans (As % Of Deposits) | % | 76.1 | 71.4 | 75.3 | 67.7 | 62.7 | ||||||
| Loans (As % Assets) | % | 68.7 | 64.4 | 68.8 | 62.3 | 57.7 | ||||||
| Cost of Provisions (As % Of Loans) | % | -0.022 | 0.463 | 0.407 | 0.803 | 3.58 |
Get all company financials in excel:
By Helgi Analytics - September 20, 2018
International Asset Bank generated total banking revenues of BGN 34.1 mil in 2017, down 8.73% 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 las...
By Helgi Analytics - September 3, 2018
International Asset Bank's net interest margin amounted to 1.35% in 2017, up from 1.32% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.21% in 2009 and an all time low of 1.09% in 2013. The avera...
By Helgi Analytics - September 3, 2018
International Asset Bank generated total banking revenues of BGN 34.1 mil in 2017, down 8.73% 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 55.0 mil in ...
By Helgi Analytics - September 3, 2018
International Asset Bank's customer loan growth reached 11.8% in 2017, up from -4.96% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 22.2% in 2013 and an all time low of -11.8% in 2009. In the last decade,...
International Asset Bank has been growing its revenues and asset by 4.57% and 7.34% a year on average in the last 3 years. Its loans and deposits have grown by 2.03% and 7.12% a year during that time and loans to deposits ratio reached 58.5% at the end of 2017. The company achieved an average return on equity of 7.14% in the last three years with net profit growing 19.2% a year on average. In terms of operating efficiency, its cost to income ratio reached 71.1% in 2017, compared to 59.4% average in the last three years.
Equity represented 7.72% of total assets or 14.4% of loans at the end of 2017. International Asset Bank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.
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