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First Investment Bank

FIB's mortgage loans rose 9.05% to BGN 622 mil in 2017

By Helgi Library - September 20, 2018

First Investment Bank's mortgage loans reached BGN 622 mil in 2017, up 9.05% compared to the previous year. Bulgarian banking s...

FIB's npls (as % of loans) fell 8.61% to 17.6% in 2017

By Helgi Library - September 2, 2018

First Investment Bank's non-performing loans reached 17.6% of total loans at the end of 2017, down from 19.3% compared to the pre...

FIB's customer deposits fell 4.15% to BGN 7,584 mil in 2017

By Helgi Library - September 2, 2018

First Investment Bank's customer deposits reached BGN 7,584 mil in 2017, down 4.15% compared to the previous year. Bulgarian ba...

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Valuation

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FIB's consumer loans rose 1.45% to BGN 898 mil in 2017

By Helgi Library - September 20, 2018

First Investment Bank's consumer loans reached BGN 898 mil in 2017, up 1.45% 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. First Investment Bank accounted ...

FIB's retail deposits fell 4.38% to BGN 6,305 mil in 2017

By Helgi Library - September 20, 2018

First Investment Bank's retail deposits reached BGN 6,305 mil in 2017, down 4.38% compared to the previous year. Bulgarian banking sector accepted retail deposits of BGN 47.8 bil in 2017, up 5.40% when compared to the last year. First Investment Bank acco...

FIB's capital adequacy ratio rose 5.02% to 15.9% in 2017

By Helgi Library - September 2, 2018

First Investment Bank's capital adequacy ratio reached 15.9% at the end of 2017, up from 15.1% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 15.9% in 2017 and an all time low of 11.4% in 2012. The Tier 1 ratio a...

FIB's net profit fell 6.62% to BGN 92.2 mil in 2017

By Helgi Library - September 2, 2018

First Investment Bank made a net profit of BGN 92.2 mil under revenues of BGN 407 mil in 2017, up -6.62% and -13.8% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of BGN 185 mil in 2013 and an all time low of ...

FIB's total revenues fell 13.8% to BGN 407 mil in 2017

By Helgi Library - September 20, 2018

First Investment Bank generated total banking revenues of BGN 407 mil in 2017, down 13.8% 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 ye...

FIB's price/earnings (P/E) rose 80.8% to 6.75 in 2017

By Helgi Library - September 2, 2018

First Investment Bank stock traded at BGN 5.66 per share at the end 2017 implying a market capitalization of USD 382 mil. Since the end of 2012, the stock has appreciated by 296 % implying an annual average growth of 31.7 %. In absolute terms, the value of the company...

FIB's net interest margin fell 18.4% to 2.90% in 2017

By Helgi Library - September 2, 2018

First Investment Bank's net interest margin amounted to 2.90% in 2017, down from 3.55% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.61% in 2007 and an all time low of 2.30% in 2013. The averag...

FIB's employees fell 3.04% to 3,221 in 2017

By Helgi Library - September 2, 2018

First Investment Bank employed 3,221 persons in 2017, down 3.04% when compared to the previous year. Historically, the bank's workforce hit an all time high of 3,554 persons in 2013 and an all time low of 1,269 in 2005. Average cost reached USD 964 per month per ...

FIB's customer loans rose 2.34% to BGN 5,163 mil in 2017

By Helgi Library - September 2, 2018

First Investment Bank's customer loans reached BGN 5,163 mil in 2017, up 2.34% 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. First Investment Bank accounte...

FIB's net interest income fell 18.3% to BGN 261 mil in 2017

By Helgi Library - September 2, 2018

First Investment Bank generated total banking revenues of BGN 407 mil in 2017, down 13.8% 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 530 mil in 2015 ...

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First Investment Bank AD Sofia (Parva investitsionna banka AD Sofia) is a Bulgaria-based commercial 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. At the end of 2013, the Bank operated 221 branches and 650 ATMs and employed over 3,500 persons. First Investment Bank AD was founded in 1993 and is headquartered in Sofia, Bulgaria.

Finance

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

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

Valuation

First Investment Bank stock traded at per share at the end of 2017 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of % the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of x in 2017.