UniCredit Bulbank

Bulbank's net profit rose 14.1% to BGN 412 mil in 2017

By Helgi Analytics - September 2, 2018

UniCredit Bulbank made a net profit of BGN 412 mil under revenues of BGN 868 mil in 2017, up 14.1% and 1.22% respectively compared to...

Bulbank's customer deposits rose 4.55% to BGN 15,513 mil in 2017

By Helgi Analytics - September 2, 2018

UniCredit Bulbank's customer deposits reached BGN 15,513 mil in 2017, up 4.55% compared to the previous year. Bulgarian banking...

Bulbank's retail deposits rose 12.0% to BGN 6,627 mil in 2017

By Helgi Analytics - September 22, 2018

UniCredit Bulbank's retail deposits reached BGN 6,627 mil in 2017, up 12.0% compared to the previous year. Bulgarian banking se...

Profit Statement 2015 2016 2017
Net Interest Income BGN mil 579 582 593
Fee Income (As % Of Revenues) % 25.3 24.5 26.5
Other Income BGN mil 6.67 65.1 45.4
Total Revenues BGN mil 785 858 868
Staff Cost BGN mil 132 132 139
Operating Profit BGN mil 514 583 594
Provisions BGN mil 135 183 137
Net Profit BGN mil 340 361 412
Balance Sheet 2015 2016 2017
Interbank Loans BGN mil 1,226 1,323 1,629
Customer Loans BGN mil 10,322 10,873 10,629
Debt Securities BGN mil 2,282 3,147 3,763
Total Assets BGN mil 18,879 20,387 20,260
Shareholders' Equity BGN mil 2,670 2,942 3,200
Interbank Borrowing BGN mil 2,610 2,315 1,258
Customer Deposits BGN mil 13,296 14,838 15,513
Issued Debt Securities BGN mil 136 139 125
Ratios 2015 2016 2017
ROE % 13.5 12.9 13.4
ROA % 1.95 1.84 2.03
Costs (As % Of Assets) % 1.56 1.40 1.35
Costs (As % Of Income) % 34.6 32.0 31.6
Capital Adequacy Ratio % 22.5 25.1 27.3
Net Interest Margin % 3.32 2.97 2.92
Loans (As % Of Deposits) % 77.6 73.3 68.5
NPLs (As % Of Loans) % 13.2 11.2 8.10
Provisions (As % Of NPLs) % 71.2 75.6 82.5
Growth Rates 2015 2016 2017
Total Revenue Growth % -0.466 9.29 1.22
Operating Cost Growth % -6.45 1.21 -0.080
Operating Profit Growth % 3.01 13.6 1.84
Net Profit Growth % 19.6 6.22 14.1
Customer Loan Growth % -7.11 5.34 -2.24
Total Asset Growth % 18.1 7.99 -0.620
Customer Deposit Growth % 24.6 11.6 4.55
Shareholders' Equity Growth % 13.5 10.2 8.77
Employees 4,161 4,149 4,147

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Net Interest Income BGN mil                       446 408 460 530 579    
Total Revenues BGN mil                       650 646 704 788 785    
Operating Profit BGN mil                       401 391 434 498 514    
Net Profit BGN mil                       233 218 176 285 340    
balance sheet                                    
Interbank Loans BGN mil                       1,894 1,714 1,842 1,627 1,226    
Customer Loans BGN mil                       7,874 8,614 9,530 11,112 10,322    
Debt Securities BGN mil                       1,018 1,208 1,205 1,820 2,282    
Total Assets BGN mil                       11,973 12,669 13,537 15,984 18,879    
Shareholders' Equity BGN mil                       2,023 2,093 2,713 2,353 2,670    
Interbank Borrowing BGN mil                       2,221 1,892 2,425 2,635 2,610    
Customer Deposits BGN mil                       7,287 8,225 8,527 10,667 13,296    
Issued Debt Securities BGN mil                       217 219 220 198 136    
ratios                                    
ROE %                       12.2 10.6 7.32 11.2 13.5    
ROA %                       2.00 1.77 1.34 1.93 1.95    
Costs (As % Of Assets) %                       2.14 2.07 2.07 1.96 1.56    
Costs (As % Of Income) %                       38.3 39.5 38.4 36.8 34.6    
Capital Adequacy Ratio %                       20.9 18.3 18.1 19.2 22.5    
Net Interest Margin %                       3.82 3.31 3.51 3.59 3.32    
Interest Income (As % Of Revenues) %                       68.5 63.2 65.4 67.2 73.8    
Fee Income (As % Of Revenues) %                       25.7 24.3 25.3 24.4 25.3    
Staff Cost (As % Of Total Cost) %                       40.1 40.6 41.3 42.5 48.5    
Equity (As % Of Assets) %                       16.9 16.5 20.0 14.7 14.1    
Loans (As % Of Deposits) %                       108 105 112 104 77.6    
Loans (As % Assets) %                       65.8 68.0 70.4 69.5 54.7    
NPLs (As % Of Loans) %     ... ... ... ...           12.4 13.0 15.8 13.3 13.2    
Provisions (As % Of NPLs) %     ... ... ... ...           64.2 62.1 62.4 65.8 71.2    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Interest Income BGN mil                       653 642 643 696 696    
Interest Cost BGN mil                       208 233 182 166 116    
Net Interest Income BGN mil                       446 408 460 530 579    
Net Fee Income BGN mil                       167 157 178 192 199    
Other Income BGN mil                       37.5 80.4 66.1 66.4 6.67    
Total Revenues BGN mil                       650 646 704 788 785    
Staff Cost BGN mil                       99.8 104 112 123 132    
Depreciation BGN mil                       34.9 35.2 31.8 32.1 45.2    
Other Cost BGN mil                       114 116 127 135 94.4    
Operating Cost BGN mil                       249 255 271 290 271    
Operating Profit BGN mil                       401 391 434 498 514    
Provisions BGN mil                       141 148 238 182 135    
Extra and Other Cost BGN mil                       2.32 0 0 0 -0.451    
Pre-Tax Profit BGN mil                       258 243 196 317 379    
Tax BGN mil                       24.9 25.0 20.2 32.2 38.4    
Minorities BGN mil                       0 0 0 0 0    
Net Profit BGN mil                       233 218 176 285 340    
growth rates                                    
Net Interest Income Growth % ...                     3.88 -8.34 12.7 15.1 9.34    
Net Fee Income Growth % ...                     7.53 -6.15 13.4 8.05 3.39    
Total Revenue Growth % ...                     6.02 -0.696 9.08 11.9 -0.466    
Operating Cost Growth % ...                     1.36 2.30 6.17 7.16 -6.45    
Operating Profit Growth % ...                     9.14 -2.56 11.0 14.9 3.01    
Pre-Tax Profit Growth % ...                     39.6 -5.88 -19.2 61.5 19.5    
Net Profit Growth % ...                     39.7 -6.52 -19.2 61.8 19.6    
market share                                    
Market Share in Revenues %                       16.5 16.9 19.0 20.2 19.0    
Market Share in Net Profit %                       49.1 41.5 34.9 40.0 37.9    
Market Share in Employees % ...                     11.1 11.3 12.6 13.0 13.6    
Market Share in Branches % ... ... ... ...               5.77 5.37 5.52 5.46 5.02    
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                    
Cash BGN mil                       887 906 729 1,092 4,585    
Interbank Loans BGN mil                       1,894 1,714 1,842 1,627 1,226    
Customer Loans BGN mil                       7,874 8,614 9,530 11,112 10,322    
Retail Loans BGN mil                       2,421 2,435 2,789 2,868 2,979    
Mortgage Loans BGN mil ... ... ... ... ... ...           1,646 1,653 1,652 1,651 1,605    
Consumer Loans BGN mil ... ... ... ... ... ...           775 781 1,137 1,217 1,374    
Corporate Loans BGN mil                       5,453 6,179 6,741 8,245 7,343    
Debt Securities BGN mil                       1,018 1,208 1,205 1,820 2,282    
Fixed Assets BGN mil                       252 172 162 208 195    
Total Assets BGN mil                       11,973 12,669 13,537 15,984 18,879    
Shareholders' Equity BGN mil                       2,023 2,093 2,713 2,353 2,670    
Of Which Minority Interest BGN mil                       0 0 0 0 0    
Liabilities BGN mil                       9,950 10,576 10,824 13,632 16,209    
Interbank Borrowing BGN mil                       2,221 1,892 2,425 2,635 2,610    
Customer Deposits BGN mil                       7,287 8,225 8,527 10,667 13,296    
Retail Deposits BGN mil                       3,562 3,967 4,260 4,466 5,475    
Corporate Deposits BGN mil                       3,725 4,258 4,267 6,201 7,821    
Sight Deposits BGN mil ... ... ... ... ... ... ... ... ... ... ... ... ... 3,241 4,407 5,743    
Term Deposits BGN mil ... ... ... ... ... ... ... ... ... ... ... ... ... 4,540 5,202 7,553    
Issued Debt Securities BGN mil                       217 219 220 198 136    
Other Liabilities BGN mil                       225 241 -348 131 167    
asset quality                                    
Non-Performing Loans BGN mil     ... ... ... ...           1,058 1,217 1,667 1,613 1,505    
Gross Loans BGN mil                       8,553 9,370 10,570 12,174 11,394    
Total Provisions BGN mil                       680 756 1,040 1,062 1,071    
growth rates                                    
Customer Loan Growth % ...                     4.52 9.40 10.6 16.6 -7.11    
Retail Loan Growth % ...                     3.36 0.561 14.6 2.83 3.87    
Mortgage Loan Growth % ... ... ... ... ... ... ...         4.51 0.460 -0.084 -0.075 -2.78    
Consumer Loan Growth % ... ... ... ... ... ... ...         1.00 0.774 45.5 7.05 12.9    
Corporate Loan Growth % ...                     5.04 13.3 9.09 22.3 -10.9    
Total Asset Growth % ...                     5.57 5.82 6.85 18.1 18.1    
Shareholders' Equity Growth % ...                     12.8 3.49 29.6 -13.3 13.5    
Customer Deposit Growth % ...                     11.5 12.9 3.67 25.1 24.6    
Retail Deposit Growth % ...                     8.67 11.3 7.39 4.83 22.6    
Corporate Deposit Growth % ...                     14.3 14.3 0.207 45.3 26.1    
market share                                    
Market Share in Customer Loans %                       14.5 15.5 17.1 21.6 20.4    
Market Share in Corporate Loans %                       16.3 17.6 19.2 26.6 24.1    
Market Share in Retail Loans % ... ... ... ... ... ...           7.73 7.99 11.5 12.6 14.5    
Market Share in Consumer Loans %                       12.8 13.0 14.9 15.6 16.4    
Market Share in Mortgage Loans % ... ... ... ... ... ...           18.5 18.5 18.7 18.9 18.6    
Market Share in Total Assets %                       19.9 19.6 19.4 22.8 24.8    
Market Share in Customer Deposits %                       13.6 14.2 13.6 16.6 19.9    
Market Share in Retail Deposits %                       11.5 11.5 11.3 11.4 12.9    
Market Share in Corporate Deposits %                       27.2 29.8 27.6 40.4 42.9    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                    
ROE %                       12.2 10.6 7.32 11.2 13.5    
ROA %                       2.00 1.77 1.34 1.93 1.95    
Costs (As % Of Assets) %                       2.14 2.07 2.07 1.96 1.56    
Costs (As % Of Income) %                       38.3 39.5 38.4 36.8 34.6    
Capital Adequacy Ratio %                       20.9 18.3 18.1 19.2 22.5    
Tier 1 Ratio %                       18.2 17.6 18.1 19.2 22.3    
Net Interest Margin %                       3.82 3.31 3.51 3.59 3.32    
Interest Spread % ...                     3.47 2.94 3.20 3.36 3.21    
Asset Yield %                       5.60 5.21 4.91 4.72 3.99    
Cost Of Liabilities % ...                     2.13 2.27 1.70 1.36 0.779    
Interest Income (As % Of Revenues) %                       68.5 63.2 65.4 67.2 73.8    
Fee Income (As % Of Revenues) %                       25.7 24.3 25.3 24.4 25.3    
Other Income (As % Of Revenues) %                       5.76 12.4 9.38 8.42 0.849    
Cost Per Employee USD per month                       1,578 1,495 1,526 1,637 1,548    
Cost Per Employee (Local Currency) BGN per month                       2,219 2,275 2,249 2,484 2,637    
Staff Cost (As % Of Total Cost) %                       40.1 40.6 41.3 42.5 48.5    
Equity (As % Of Assets) %                       16.9 16.5 20.0 14.7 14.1    
Loans (As % Of Deposits) %                       108 105 112 104 77.6    
Loans (As % Assets) %                       65.8 68.0 70.4 69.5 54.7    
NPLs (As % Of Loans) %     ... ... ... ...           12.4 13.0 15.8 13.3 13.2    
Provisions (As % Of NPLs) %     ... ... ... ...           64.2 62.1 62.4 65.8 71.2    
Provisions (As % Of Loans) %                       8.63 8.78 10.9 9.56 10.4    
Cost of Provisions (As % Of Loans) %                       1.83 1.80 2.62 1.76 1.26    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                    
Branches                       218 206 208 203 185    
Employees                       3,750 3,793 4,139 4,136 4,161    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... 38.0 41.3 43.2    

Get all company financials in excel:

Download Sample   $19.99

Bulbank's total revenues rose 1.22% to BGN 868 mil in 2017

By Helgi Analytics - September 22, 2018

UniCredit Bulbank generated total banking revenues of BGN 868 mil in 2017, up 1.22% 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 year. ...

Bulbank's net interest margin fell 1.63% to 2.92% in 2017

By Helgi Analytics - September 2, 2018

UniCredit Bulbank's net interest margin amounted to 2.92% in 2017, down from 2.97% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.92% in 2006 and an all time low of 2.92% in 2017. The average ma...

Bulbank's customer loans fell 2.24% to BGN 10,629 mil in 2017

By Helgi Analytics - September 2, 2018

UniCredit Bulbank's customer loans reached BGN 10,629 mil in 2017, down 2.24% 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. UniCredit Bulbank accounted for...

Bulbank's corporate deposits fell 0.415% to BGN 8,886 mil in 2017

By Helgi Analytics - September 22, 2018

UniCredit Bulbank's corporate deposits reached BGN 8,886 mil in 2017, down 0.415% compared to the previous year. Bulgarian banking sector accepted corporate deposits of BGN 22.0 bil in 2017, up 13.8% when compared to the last year. UniCredit Bulbank accou...

Bulbank's consumer loans rose 6.57% to BGN 1,584 mil in 2017

By Helgi Analytics - September 22, 2018

UniCredit Bulbank's consumer loans reached BGN 1,584 mil in 2017, up 6.57% compared to the previous year. Bulgarian banking sector provided consumer loans of BGN 10.2 bil in 2017, up 4.82% when compared to the last year. UniCredit Bulbank accounted for 17...

Bulbank's mortgage loans rose 5.88% to BGN 1,754 mil in 2017

By Helgi Analytics - September 22, 2018

UniCredit Bulbank's mortgage loans reached BGN 1,754 mil in 2017, up 5.88% compared to the previous year. Bulgarian banking sector provided mortgage loans of BGN 9.45 bil in 2017, up 7.40% when compared to the last year. UniCredit Bulbank accounted for 18...

Bulbank's costs (as % of assets) fell 3.48% to 1.35% in 2017

By Helgi Analytics - September 2, 2018

UniCredit Bulbank's cost to income ratio reached 31.6% in 2017, down from 32.0% compared to the previous year. Historically, the bank’s costs reached an all time high of 45.8% of income in 2001 and an all time low of 22.9% in 2000. When compared to total a...

Bulbank's npls (as % of loans) fell 27.8% to 8.10% in 2017

By Helgi Analytics - September 2, 2018

UniCredit Bulbank's non-performing loans reached 8.10% of total loans at the end of 2017, down from 11.2% compared to the previous year. Historically, the NPL ratio hit an all time high of 15.8% in 2013 and an all time low of 3.66% in 2007. Provision covera...

Bulbank's corporate loans fell 5.68% to BGN 7,291 mil in 2017

By Helgi Analytics - September 2, 2018

UniCredit Bulbank's loans reached BGN 11,391 mil in the 2017, down from BGN 11,882 mil compared to the previous year. Historically, the bank’s loans reached an all time high of BGN 12,174 mil in 2014 and an all time low of BGN 4,468 mil in 2006. In the ...

Bulbank's employees fell 0.048% to 4,147 in 2017

By Helgi Analytics - September 2, 2018

UniCredit Bulbank employed 4,147 persons in 2017, down 0.048% when compared to the previous year. Historically, the bank's workforce hit an all time high of 4,708 persons in 2006 and an all time low of 1,760 in 2004. Average cost reached USD 1,600 per month per e...

More News

UniCredit Bulbank is the biggest Bulgarian bank. The Bank offers a wide range of banking and other financial services to commercial and private banking clients. Its products include loans, current and saving accounts, and deposits amongst others. In addition to providing mainstream banking products, the Group undertakes insurance activities, stock brokerage, investment in mutual funds, leasing services, real estate investment management and financial advice, amongst others. The Bank is servicing over one million individual clients and households, high profile private customers, small and mid sized businesses, larger domestic and multinational corporates, municipalities and budget enterprises. UniCredit Bulbank is headquartered in Sofia, Bulgaria. It is a subsidiary of UniCredit Bank Austria AG

UniCredit Bulbank Logo

Finance

UniCredit Bulbank has been growing its revenues and asset by 4.31% and 8.36% a year on average in the last 10 years. Its loans and deposits have grown by 7.41% and 9.38% a year during that time and loans to deposits ratio reached 68.5% at the end of 2017. The company achieved an average return on equity of 12.7% in the last decade with net profit growing 5.07% a year on average. In terms of operating efficiency, its cost to income ratio reached 31.6% in 2017, compared to 37.5% average in the last decade.

Equity represented 15.8% of total assets or 30.1% of loans at the end of 2017. UniCredit Bulbank's non-performing loans were 8.10% of total loans while provisions covered some 82.5% of NPLs at the end of 2017.