TBI Bank

TBI's net profit rose 32.1% to BGN 31.1 mil in 2017

By Helgi Analytics - September 3, 2018

TBI Bank made a net profit of BGN 31.1 mil under revenues of BGN 93.7 mil in 2017, up 32.1% and 39.7% respectively compared to the pr...

TBI's total revenues rose 39.7% to BGN 93.7 mil in 2017

By Helgi Analytics - September 20, 2018

TBI Bank generated total banking revenues of BGN 93.7 mil in 2017, up 39.7% compared to the previous year. Bulgarian banki...

TBI's customer loans rose 24.1% to BGN 445 mil in 2017

By Helgi Analytics - September 3, 2018

TBI Bank's customer loans reached BGN 445 mil in 2017, up 24.1% compared to the previous year. Bulgarian banking sector provide...

Profit Statement 2015 2016 2017
Net Interest Income BGN mil 44.5 58.7 80.7
Fee Income (As % Of Revenues) % 21.1 14.8 14.5
Other Income BGN mil 8.31 -1.49 -0.586
Total Revenues BGN mil 67.0 67.1 93.7
Operating Profit BGN mil 37.4 32.9 49.3
Provisions BGN mil 7.07 7.56 14.1
Net Profit BGN mil 27.9 23.6 31.1
Balance Sheet 2015 2016 2017
Customer Loans BGN mil 316 359 445
Debt Securities BGN mil 11.9 19.9 26.5
Total Assets BGN mil 515 594 687
Shareholders' Equity BGN mil 106 133 165
Interbank Borrowing BGN mil 0 0.031 0.224
Customer Deposits BGN mil 400 449 507
Issued Debt Securities BGN mil 0 0.031 0.224
Ratios 2015 2016 2017
ROE % 31.6 19.7 20.9
ROA % 5.60 4.25 4.86
Costs (As % Of Assets) % 5.94 6.17 6.93
Costs (As % Of Income) % 44.1 51.0 47.4
Net Interest Margin % 8.95 10.6 12.6
Loans (As % Of Deposits) % 79.0 79.9 87.7
Growth Rates 2015 2016 2017
Total Revenue Growth % 47.1 0.154 39.7
Operating Cost Growth % 28.6 15.6 29.8
Operating Profit Growth % 65.9 -12.1 49.9
Net Profit Growth % 60.9 -15.3 32.1
Customer Loan Growth % -15.9 13.4 24.1
Total Asset Growth % 7.25 15.3 15.6
Customer Deposit Growth % 1.22 12.0 13.1
Shareholders' Equity Growth % 51.7 25.4 23.8

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Net Interest Income BGN mil         3.75 7.57 28.6 34.5 44.5    
Total Revenues BGN mil         23.2 8.91 34.7 45.6 67.0    
Operating Profit BGN mil         19.6 -1.40 15.0 22.6 37.4    
Net Profit BGN mil         -4.67 -0.631 4.29 17.3 27.9    
balance sheet                      
Customer Loans BGN mil         67.7 129 290 376 316    
Debt Securities BGN mil         0.590 0.089 0.089 1.11 11.9    
Total Assets BGN mil         74.7 189 408 480 515    
Shareholders' Equity BGN mil         26.2 33.5 52.7 70.0 106    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         48.2 152 345 396 400    
Issued Debt Securities BGN mil         0 0 0 0 0    
ratios                      
ROE %         -19.2 -2.11 9.96 28.2 31.6    
ROA %         -3.43 -0.479 1.44 3.90 5.60    
Costs (As % Of Assets) %         2.64 7.82 6.62 5.18 5.94    
Costs (As % Of Income) %         15.5 116 56.9 50.5 44.1    
Net Interest Margin %         2.75 5.74 9.56 7.77 8.95    
Interest Income (As % Of Revenues) %         16.1 84.9 82.2 75.7 66.5    
Fee Income (As % Of Revenues) %         -0.013 15.1 15.9 20.0 21.1    
Equity (As % Of Assets) %         35.0 17.7 12.9 14.6 20.6    
Loans (As % Of Deposits) %         140 85.1 84.0 95.1 79.0    
Loans (As % Assets) %         90.7 68.2 71.1 78.3 61.4    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Interest Income BGN mil         7.23 12.3 41.8 45.9 53.2    
Interest Cost BGN mil         3.49 4.73 13.2 11.4 8.69    
Net Interest Income BGN mil         3.75 7.57 28.6 34.5 44.5    
Net Fee Income BGN mil         -0.003 1.34 5.53 9.13 14.2    
Other Income BGN mil         19.5 0.001 0.654 1.93 8.31    
Total Revenues BGN mil         23.2 8.91 34.7 45.6 67.0    
Depreciation BGN mil         0.308 0.351 0.875 1.27 1.42    
Operating Cost BGN mil         3.59 10.3 19.8 23.0 29.6    
Operating Profit BGN mil         19.6 -1.40 15.0 22.6 37.4    
Provisions BGN mil         24.3 -0.688 10.7 5.12 7.07    
Extra and Other Cost BGN mil         -0.007 -0.076 0.022 0.119 0.004    
Pre-Tax Profit BGN mil         -4.67 -0.631 4.29 17.3 30.4    
Tax BGN mil         0 0 0 0 2.49    
Minorities BGN mil         0 0 0 0 0    
Net Profit BGN mil         -4.67 -0.631 4.29 17.3 27.9    
growth rates                      
Net Interest Income Growth % ...       -60.5 102 277 20.8 29.1    
Net Fee Income Growth % ...       -95.9 -44,900 312 65.0 55.1    
Total Revenue Growth % ...       146 -61.6 290 31.1 47.1    
Operating Cost Growth % ...       -21.1 187 91.6 16.4 28.6    
Operating Profit Growth % ...       301 -107 -1,175 50.5 65.9    
Pre-Tax Profit Growth % ...       -67.5 -86.5 -780 303 75.3    
Net Profit Growth % ...       -67.6 -86.5 -780 303 60.9    
market share                      
Market Share in Revenues %         0.591 0.234 0.937 1.17 1.62    
Market Share in Net Profit %     ... ... ... ... 0.852 2.44 3.10    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                      
Cash BGN mil         3.02 52.4 96.8 76.9 143    
Customer Loans BGN mil         67.7 129 290 376 316    
Debt Securities BGN mil         0.590 0.089 0.089 1.11 11.9    
Fixed Assets BGN mil         0.928 1.94 10.5 13.4 13.4    
Total Assets BGN mil         74.7 189 408 480 515    
Shareholders' Equity BGN mil         26.2 33.5 52.7 70.0 106    
Of Which Minority Interest BGN mil         0 0 0 0 0    
Liabilities BGN mil         48.5 155 355 410 409    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         48.2 152 345 396 400    
Issued Debt Securities BGN mil         0 0 0 0 0    
Other Liabilities BGN mil         0 0 0 0 0    
growth rates                      
Customer Loan Growth % ...       -64.2 90.5 125 29.6 -15.9    
Total Asset Growth % ...       -62.2 153 116 17.7 7.25    
Shareholders' Equity Growth % ...       16.7 28.2 57.1 32.9 51.7    
Customer Deposit Growth % ...       -72.3 214 128 14.5 1.22    
market share                      
Market Share in Customer Loans %         0.125 0.232 0.520 0.730 0.624    
Market Share in Total Assets %         0.124 0.293 0.585 0.684 0.676    
Market Share in Customer Deposits %         0.090 0.262 0.550 0.616 0.599    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                      
ROE %         -19.2 -2.11 9.96 28.2 31.6    
ROA %         -3.43 -0.479 1.44 3.90 5.60    
Costs (As % Of Assets) %         2.64 7.82 6.62 5.18 5.94    
Costs (As % Of Income) %         15.5 116 56.9 50.5 44.1    
Net Interest Margin %         2.75 5.74 9.56 7.77 8.95    
Interest Spread % ...       2.20 4.69 8.82 7.36 8.57    
Asset Yield %         5.31 9.33 14.0 10.3 10.7    
Cost Of Liabilities % ...       3.12 4.64 5.19 2.99 2.12    
Interest Income (As % Of Revenues) %         16.1 84.9 82.2 75.7 66.5    
Fee Income (As % Of Revenues) %         -0.013 15.1 15.9 20.0 21.1    
Other Income (As % Of Revenues) %         83.9 0.011 1.88 4.23 12.4    
Equity (As % Of Assets) %         35.0 17.7 12.9 14.6 20.6    
Loans (As % Of Deposits) %         140 85.1 84.0 95.1 79.0    
Loans (As % Assets) %         90.7 68.2 71.1 78.3 61.4    
Cost of Provisions (As % Of Loans) %         18.9 -0.700 5.09 1.54 2.04    

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TBI's net interest margin rose 19.1% to 12.6% in 2017

By Helgi Analytics - September 3, 2018

TBI Bank's net interest margin amounted to 12.6% in 2017, up from 10.6% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 12.6% in 2017 and an all time low of 2.75% in 2011. The average margin in the...

TBI's customer deposits rose 13.1% to BGN 507 mil in 2017

By Helgi Analytics - September 3, 2018

TBI Bank's customer deposits reached BGN 507 mil in 2017, up 13.1% compared to the previous year. Bulgarian banking sector accepted customer deposits of BGN 76.5 bil in 2017, up 5.94% when compared to the last year. TBI Bank accounted for 0.663% of all cu...

TBI's net interest income rose 37.6% to BGN 80.7 mil in 2017

By Helgi Analytics - September 3, 2018

TBI Bank generated total banking revenues of BGN 93.7 mil in 2017, up 39.7% 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 93.7 mil in 2017 and an all ti...

TBI's customer loan growth rose 80.1% to 24.1% in 2017

By Helgi Analytics - September 3, 2018

TBI Bank's customer loan growth reached 24.1% in 2017, up from 13.4% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 125% in 2013 and an all time low of -64.2% in 2011. In the last decade, the average annua...

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Finance

TBI Bank has been growing its revenues and asset by 27.2% and 12.7% a year on average in the last 3 years. Its loans and deposits have grown by 5.77% and 8.64% a year during that time and loans to deposits ratio reached 87.7% at the end of 2017. The company achieved an average return on equity of 24.1% in the last three years with net profit growing 21.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.4% in 2017, compared to 47.5% average in the last three years.

Equity represented 24.0% of total assets or 37.1% of loans at the end of 2017. TBI Bank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.