Procredit Bank Bulgaria

Procredit Bulgaria's customer deposits rose 8.08% to BGN 1,742 mil in 2017

By Helgi Analytics - September 3, 2018

Procredit Bank Bulgaria's customer deposits reached BGN 1,742 mil in 2017, up 8.08% compared to the previous year. Bulgarian ba...

Procredit Bulgaria's customer loans rose 8.92% to BGN 1,438 mil in 2017

By Helgi Analytics - September 3, 2018

Procredit Bank Bulgaria's customer loans reached BGN 1,438 mil in 2017, up 8.92% compared to the previous year. Bulgarian banki...

Procredit Bulgaria's net interest margin fell 20.8% to 3.12% in 2017

By Helgi Analytics - September 3, 2018

Procredit Bank Bulgaria's net interest margin amounted to 3.12% in 2017, down from 3.94% compared to the previous year. Hi...

Profit Statement 2015 2016 2017
Net Interest Income BGN mil 68.9 66.3 59.5
Fee Income (As % Of Revenues) % 21.0 17.9 24.5
Other Income BGN mil 4.96 14.2 2.16
Total Revenues BGN mil 93.6 98.1 81.7
Operating Profit BGN mil 40.6 48.0 39.6
Provisions BGN mil 6.20 3.20 0.603
Net Profit BGN mil 28.5 37.8 32.2
Balance Sheet 2015 2016 2017
Customer Loans BGN mil 1,241 1,320 1,438
Debt Securities BGN mil 20.8 42.8 32.6
Total Assets BGN mil 1,518 1,851 1,964
Shareholders' Equity BGN mil 193 232 214
Interbank Borrowing BGN mil 0 0 0.010
Customer Deposits BGN mil 1,318 1,612 1,742
Issued Debt Securities BGN mil 0 0.007 0.010
Ratios 2015 2016 2017
ROE % 15.6 17.8 14.5
ROA % 1.94 2.24 1.69
Costs (As % Of Assets) % 3.60 2.97 2.20
Costs (As % Of Income) % 56.6 51.1 51.5
Net Interest Margin % 4.69 3.94 3.12
Loans (As % Of Deposits) % 94.2 81.9 82.5
Growth Rates 2015 2016 2017
Total Revenue Growth % 1.76 4.78 -16.7
Operating Cost Growth % -11.9 -5.49 -16.0
Operating Profit Growth % 27.5 18.2 -17.4
Net Profit Growth % 22.9 32.5 -14.7
Customer Loan Growth % 9.62 6.36 8.92
Total Asset Growth % 6.59 22.0 6.12
Customer Deposit Growth % 6.37 22.3 8.08
Shareholders' Equity Growth % 11.8 19.9 -7.78

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Net Interest Income BGN mil         74.9 74.1 71.8 68.1 68.9    
Total Revenues BGN mil         101 101 97.7 92.0 93.6    
Operating Profit BGN mil         31.9 33.7 28.4 31.8 40.6    
Net Profit BGN mil         8.39 18.9 20.2 23.2 28.5    
balance sheet                      
Customer Loans BGN mil         1,052 1,055 1,104 1,132 1,241    
Debt Securities BGN mil         25.6 24.2 29.2 29.5 20.8    
Total Assets BGN mil         1,259 1,329 1,351 1,424 1,518    
Shareholders' Equity BGN mil         135 154 167 173 193    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         1,111 1,158 1,169 1,239 1,318    
Issued Debt Securities BGN mil         0.001 0 0 0 0    
ratios                      
ROE %         6.41 13.1 12.6 13.6 15.6    
ROA %         0.695 1.46 1.51 1.67 1.94    
Costs (As % Of Assets) %         5.73 5.20 5.17 4.33 3.60    
Costs (As % Of Income) %         68.5 66.6 70.9 65.4 56.6    
Net Interest Margin %         6.20 5.73 5.36 4.91 4.69    
Interest Income (As % Of Revenues) %         74.1 73.4 73.4 74.1 73.7    
Fee Income (As % Of Revenues) %         21.2 21.0 19.4 20.7 21.0    
Equity (As % Of Assets) %         10.7 11.6 12.4 12.2 12.7    
Loans (As % Of Deposits) %         94.7 91.1 94.5 91.4 94.2    
Loans (As % Assets) %         83.5 79.4 81.7 79.5 81.8    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Interest Income BGN mil         110 109 103 90.8 81.1    
Interest Cost BGN mil         34.7 35.4 30.9 22.7 12.2    
Net Interest Income BGN mil         74.9 74.1 71.8 68.1 68.9    
Net Fee Income BGN mil         21.4 21.2 19.0 19.0 19.7    
Other Income BGN mil         4.70 5.63 6.97 4.85 4.96    
Total Revenues BGN mil         101 101 97.7 92.0 93.6    
Depreciation BGN mil         4.68 5.04 5.03 5.00 4.94    
Operating Cost BGN mil         69.1 67.2 69.3 60.1 53.0    
Operating Profit BGN mil         31.9 33.7 28.4 31.8 40.6    
Provisions BGN mil         22.5 12.6 5.71 5.76 6.20    
Extra and Other Cost BGN mil         0 0 0 0 2.72    
Pre-Tax Profit BGN mil         9.37 21.1 22.7 26.1 31.7    
Tax BGN mil         0.980 2.15 2.49 2.89 3.17    
Minorities BGN mil         0 0 0 0 0    
Net Profit BGN mil         8.39 18.9 20.2 23.2 28.5    
growth rates                      
Net Interest Income Growth % ...       6.89 -0.999 -3.12 -5.14 1.22    
Net Fee Income Growth % ...       -10.8 -1.07 -10.3 0.121 3.52    
Total Revenue Growth % ...       1.88 -0.050 -3.14 -5.92 1.76    
Operating Cost Growth % ...       -2.01 -2.70 3.13 -13.3 -11.9    
Operating Profit Growth % ...       11.5 5.71 -15.6 12.1 27.5    
Pre-Tax Profit Growth % ...       150 125 7.66 15.0 21.4    
Net Profit Growth % ...       148 126 6.75 14.8 22.9    
market share                      
Market Share in Revenues %         2.57 2.64 2.64 2.36 2.27    
Market Share in Net Profit %         1.77 3.61 4.01 3.26 3.17    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                      
Cash BGN mil         120 188 155 201 199    
Customer Loans BGN mil         1,052 1,055 1,104 1,132 1,241    
Debt Securities BGN mil         25.6 24.2 29.2 29.5 20.8    
Fixed Assets BGN mil         33.1 32.9 30.4 30.5 32.6    
Total Assets BGN mil         1,259 1,329 1,351 1,424 1,518    
Shareholders' Equity BGN mil         135 154 167 173 193    
Of Which Minority Interest BGN mil         0 0 0 0 0    
Liabilities BGN mil         1,124 1,175 1,184 1,251 1,324    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         1,111 1,158 1,169 1,239 1,318    
Issued Debt Securities BGN mil         0.001 0 0 0 0    
Other Liabilities BGN mil         0 0 0 0 0    
growth rates                      
Customer Loan Growth % ...       7.10 0.283 4.70 2.52 9.62    
Total Asset Growth % ...       9.03 5.57 1.65 5.38 6.59    
Shareholders' Equity Growth % ...       6.82 14.0 8.62 3.34 11.8    
Customer Deposit Growth % ...       9.33 4.28 0.888 6.01 6.37    
market share                      
Market Share in Customer Loans %         1.94 1.89 1.98 2.20 2.45    
Market Share in Total Assets %         2.09 2.06 1.94 2.03 1.99    
Market Share in Customer Deposits %         2.08 2.00 1.86 1.93 1.97    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                      
ROE %         6.41 13.1 12.6 13.6 15.6    
ROA %         0.695 1.46 1.51 1.67 1.94    
Costs (As % Of Assets) %         5.73 5.20 5.17 4.33 3.60    
Costs (As % Of Income) %         68.5 66.6 70.9 65.4 56.6    
Net Interest Margin %         6.20 5.73 5.36 4.91 4.69    
Interest Spread % ...       5.85 5.38 5.04 4.68 4.57    
Asset Yield %         9.08 8.46 7.66 6.54 5.52    
Cost Of Liabilities % ...       3.23 3.08 2.62 1.86 0.946    
Interest Income (As % Of Revenues) %         74.1 73.4 73.4 74.1 73.7    
Fee Income (As % Of Revenues) %         21.2 21.0 19.4 20.7 21.0    
Other Income (As % Of Revenues) %         4.66 5.58 7.13 5.27 5.30    
Equity (As % Of Assets) %         10.7 11.6 12.4 12.2 12.7    
Loans (As % Of Deposits) %         94.7 91.1 94.5 91.4 94.2    
Loans (As % Assets) %         83.5 79.4 81.7 79.5 81.8    
Cost of Provisions (As % Of Loans) %         2.21 1.20 0.528 0.515 0.523    

Get all company financials in excel:

Download Sample   $19.99

Procredit Bulgaria's net profit fell 14.7% to BGN 32.2 mil in 2017

By Helgi Analytics - September 3, 2018

Procredit Bank Bulgaria made a net profit of BGN 32.2 mil under revenues of BGN 81.7 mil in 2017, up -14.7% and -16.7% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of BGN 37.8 mil in 2016 and an all time low of ...

Procredit Bulgaria's total revenues fell 16.7% to BGN 81.7 mil in 2017

By Helgi Analytics - September 20, 2018

Procredit Bank Bulgaria generated total banking revenues of BGN 81.7 mil in 2017, down 16.7% 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...

Procredit Bulgaria's net interest income fell 10.3% to BGN 59.5 mil in 2017

By Helgi Analytics - September 3, 2018

Procredit Bank Bulgaria generated total banking revenues of BGN 81.7 mil in 2017, down 16.7% 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 101 mil in 20...

Procredit Bulgaria's customer loan growth rose 40.3% to 8.92% in 2017

By Helgi Analytics - September 3, 2018

Procredit Bank Bulgaria's customer loan growth reached 8.92% in 2017, up from 6.36% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 29.6% in 2008 and an all time low of -0.073% in 2009. In the last decade, ...

More News

Procredit Bank Bulgaria Logo

Finance

Procredit Bank Bulgaria has been growing its revenues and asset by -3.88% and 11.3% a year on average in the last 3 years. Its loans and deposits have grown by 8.29% and 12.0% a year during that time and loans to deposits ratio reached 82.5% at the end of 2017. The company achieved an average return on equity of 15.9% in the last three years with net profit growing 11.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 51.5% in 2017, compared to 53.0% average in the last three years.

Equity represented 10.9% of total assets or 14.9% of loans at the end of 2017. Procredit Bank Bulgaria's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.