Texim Bank Bulgaria

Texim's customer deposits rose 11.9% to BGN 181 mil in 2017

By Helgi Analytics - September 3, 2018

Texim Bank Bulgaria's customer deposits reached BGN 181 mil in 2017, up 11.9% compared to the previous year. Bulgarian banking ...

Texim's customer loans rose 18.6% to BGN 110 mil in 2017

By Helgi Analytics - September 3, 2018

Texim Bank Bulgaria's customer loans reached BGN 110 mil in 2017, up 18.6% compared to the previous year. Bulgarian banking sec...

Texim's net profit fell 81.8% to BGN 0.120 mil in 2017

By Helgi Analytics - September 3, 2018

Texim Bank Bulgaria made a net profit of BGN 0.120 mil under revenues of BGN 11.3 mil in 2017, up -81.8% and -27.8% respectively comp...

Profit Statement 2015 2016 2017
Net Interest Income BGN mil 5.02 5.49 6.32
Fee Income (As % Of Revenues) % 9.93 10.9 20.7
Other Income BGN mil 6.20 8.42 2.62
Total Revenues BGN mil 12.5 15.6 11.3
Operating Profit BGN mil 1.18 2.88 -1.92
Provisions BGN mil 1.20 0.955 0.996
Net Profit BGN mil 0.120 0.659 0.120
Balance Sheet 2015 2016 2017
Customer Loans BGN mil 57.3 92.7 110
Debt Securities BGN mil 43.3 32.7 38.3
Total Assets BGN mil 176 200 220
Shareholders' Equity BGN mil 34.1 35.1 35.6
Interbank Borrowing BGN mil 0 0 0
Customer Deposits BGN mil 140 162 181
Issued Debt Securities BGN mil 0 0 0
Ratios 2015 2016 2017
ROE % 0.362 1.90 0.339
ROA % 0.074 0.351 0.057
Costs (As % Of Assets) % 6.99 6.78 6.29
Costs (As % Of Income) % 90.5 81.6 117
Net Interest Margin % 3.11 2.92 3.01
Loans (As % Of Deposits) % 40.9 57.2 60.7
Growth Rates 2015 2016 2017
Total Revenue Growth % 12.1 25.4 -27.8
Operating Cost Growth % 6.47 13.0 3.56
Operating Profit Growth % 125 144 -167
Net Profit Growth % -30.6 449 -81.8
Customer Loan Growth % -16.1 61.9 18.6
Total Asset Growth % 20.4 13.4 10.1
Customer Deposit Growth % 24.2 15.6 11.9
Shareholders' Equity Growth % 5.84 3.09 1.37

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Net Interest Income BGN mil         -0.078 -1.10 2.48 4.55 5.02    
Total Revenues BGN mil         3.24 3.19 6.53 11.1 12.5    
Operating Profit BGN mil         -1.28 -3.67 -2.01 0.526 1.18    
Net Profit BGN mil         -3.78 -1.67 0.087 0.173 0.120    
balance sheet                      
Customer Loans BGN mil         49.6 57.5 48.7 68.3 57.3    
Debt Securities BGN mil         14.5 31.7 34.9 19.3 43.3    
Total Assets BGN mil         97.9 126 123 146 176    
Shareholders' Equity BGN mil         16.3 32.7 33.0 32.2 34.1    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         80.5 92.2 89.0 113 140    
Issued Debt Securities BGN mil         0 0 0 0.004 0    
ratios                      
ROE %         -20.9 -6.81 0.265 0.530 0.362    
ROA %         -4.27 -1.49 0.070 0.128 0.074    
Costs (As % Of Assets) %         5.10 6.12 6.85 7.85 6.99    
Costs (As % Of Income) %         140 215 131 95.3 90.5    
Net Interest Margin %         -0.088 -0.981 1.99 3.37 3.11    
Interest Income (As % Of Revenues) %         -2.41 -34.5 38.0 40.9 40.3    
Fee Income (As % Of Revenues) %         54.0 41.9 28.3 8.52 9.93    
Equity (As % Of Assets) %         16.6 25.9 26.8 22.0 19.3    
Loans (As % Of Deposits) %         61.7 62.4 54.7 60.5 40.9    
Loans (As % Assets) %         50.7 45.5 39.5 46.6 32.5    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Interest Income BGN mil         3.10 4.41 4.31 6.31 7.04    
Interest Cost BGN mil         3.18 5.51 1.83 1.76 2.02    
Net Interest Income BGN mil         -0.078 -1.10 2.48 4.55 5.02    
Net Fee Income BGN mil         1.75 1.34 1.85 0.947 1.24    
Other Income BGN mil         1.57 2.95 2.20 5.62 6.20    
Total Revenues BGN mil         3.24 3.19 6.53 11.1 12.5    
Depreciation BGN mil         0.505 0.400 0.865 1.01 1.03    
Operating Cost BGN mil         4.52 6.86 8.54 10.6 11.3    
Operating Profit BGN mil         -1.28 -3.67 -2.01 0.526 1.18    
Provisions BGN mil         2.51 -1.99 -2.08 0.369 1.20    
Extra and Other Cost BGN mil         -0.011 -0.012 -0.022 -0.016 -0.117    
Pre-Tax Profit BGN mil         -3.78 -1.67 0.087 0.173 0.100    
Tax BGN mil         0 0 0 0 -0.020    
Minorities BGN mil         0 0 0 0 0    
Net Profit BGN mil         -3.78 -1.67 0.087 0.173 0.120    
growth rates                      
Net Interest Income Growth % ...       -109 1,310 -326 83.3 10.3    
Net Fee Income Growth % ...       -10.5 -23.6 38.4 -48.7 30.6    
Total Revenue Growth % ...       -5.35 -1.51 105 70.2 12.1    
Operating Cost Growth % ...       10.2 51.9 24.6 23.9 6.47    
Operating Profit Growth % ...       88.8 187 -45.1 -126 125    
Pre-Tax Profit Growth % ...       -973 -55.9 -105 98.9 -42.2    
Net Profit Growth % ...       -973 -55.9 -105 98.9 -30.6    
market share                      
Market Share in Revenues %         0.082 0.083 0.176 0.285 0.302    
Market Share in Net Profit %         ... ... 0.017 0.024 0.013    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                      
Cash BGN mil         9.06 7.06 6.43 18.3 33.9    
Customer Loans BGN mil         49.6 57.5 48.7 68.3 57.3    
Debt Securities BGN mil         14.5 31.7 34.9 19.3 43.3    
Fixed Assets BGN mil         12.5 16.2 16.5 18.8 19.3    
Total Assets BGN mil         97.9 126 123 146 176    
Shareholders' Equity BGN mil         16.3 32.7 33.0 32.2 34.1    
Of Which Minority Interest BGN mil         0 0 0 0 0    
Liabilities BGN mil         81.6 93.6 90.2 114 142    
Interbank Borrowing BGN mil         0 0 0 0 0    
Customer Deposits BGN mil         80.5 92.2 89.0 113 140    
Issued Debt Securities BGN mil         0 0 0 0.004 0    
Other Liabilities BGN mil         0 0 0 0 0    
growth rates                      
Customer Loan Growth % ...       -8.04 15.9 -15.4 40.3 -16.1    
Total Asset Growth % ...       23.7 29.1 -2.48 18.8 20.4    
Shareholders' Equity Growth % ...       -18.7 101 0.926 -2.48 5.84    
Customer Deposit Growth % ...       38.7 14.6 -3.43 26.7 24.2    
market share                      
Market Share in Customer Loans %         0.092 0.103 0.087 0.132 0.113    
Market Share in Total Assets %         0.163 0.196 0.177 0.209 0.231    
Market Share in Customer Deposits %         0.151 0.159 0.142 0.176 0.210    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                      
ROE %         -20.9 -6.81 0.265 0.530 0.362    
ROA %         -4.27 -1.49 0.070 0.128 0.074    
Costs (As % Of Assets) %         5.10 6.12 6.85 7.85 6.99    
Costs (As % Of Income) %         140 215 131 95.3 90.5    
Net Interest Margin %         -0.088 -0.981 1.99 3.37 3.11    
Interest Spread % ...       -1.01 -2.36 1.46 2.96 2.79    
Asset Yield %         3.50 3.93 3.45 4.68 4.36    
Cost Of Liabilities % ...       4.51 6.29 1.99 1.72 1.58    
Interest Income (As % Of Revenues) %         -2.41 -34.5 38.0 40.9 40.3    
Fee Income (As % Of Revenues) %         54.0 41.9 28.3 8.52 9.93    
Other Income (As % Of Revenues) %         48.4 92.6 33.7 50.6 49.8    
Equity (As % Of Assets) %         16.6 25.9 26.8 22.0 19.3    
Loans (As % Of Deposits) %         61.7 62.4 54.7 60.5 40.9    
Loans (As % Assets) %         50.7 45.5 39.5 46.6 32.5    
Cost of Provisions (As % Of Loans) %         4.85 -3.72 -3.92 0.631 1.91    

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Texim's total revenues fell 27.8% to BGN 11.3 mil in 2017

By Helgi Analytics - September 20, 2018

Texim Bank Bulgaria generated total banking revenues of BGN 11.3 mil in 2017, down 27.8% 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 yea...

Texim's net interest margin rose 2.97% to 3.01% in 2017

By Helgi Analytics - September 3, 2018

Texim Bank Bulgaria's net interest margin amounted to 3.01% in 2017, up from 2.92% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.69% in 2009 and an all time low of -0.981% in 2012. The average ...

Texim's net interest income rose 15.0% to BGN 6.32 mil in 2017

By Helgi Analytics - September 3, 2018

Texim Bank Bulgaria generated total banking revenues of BGN 11.3 mil in 2017, down 27.8% 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 15.6 mil in 2016 ...

Texim's customer loan growth fell 70.0% to 18.6% in 2017

By Helgi Analytics - September 3, 2018

Texim Bank Bulgaria's customer loan growth reached 18.6% in 2017, down from 61.9% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 61.9% in 2016 and an all time low of -16.3% in 2008. In the last decade, the...

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Finance

Texim Bank Bulgaria has been growing its revenues and asset by 0.469% and 14.5% a year on average in the last 3 years. Its loans and deposits have grown by 17.2% and 17.1% a year during that time and loans to deposits ratio reached 60.7% at the end of 2017. The company achieved an average return on equity of 0.868% in the last three years with net profit growing -11.5% a year on average. In terms of operating efficiency, its cost to income ratio reached 117% in 2017, compared to 96.4% average in the last three years.

Equity represented 16.2% of total assets or 32.4% of loans at the end of 2017. Texim Bank Bulgaria's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.