By Helgi Library - September 3, 2018
ING Bank Bulgaria made a net profit of BGN -2.26 mil under revenues of BGN 18.9 mil in 2017, up -187% and 5.56% respectively compared...
By Helgi Library - September 3, 2018
ING Bank Bulgaria's customer deposits reached BGN 668 mil in 2017, up 23.8% compared to the previous year. Bulgarian banking se...
By Helgi Library - September 20, 2018
ING Bank Bulgaria generated total banking revenues of BGN 18.9 mil in 2017, up 5.56% compared to the previous year. Bulgar...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | BGN mil | 9.82 | 8.41 | 6.81 |
| Net Fee Income | BGN mil | 3.71 | 3.63 | 3.03 |
| Other Income | BGN mil | 6.95 | 5.90 | 9.10 |
| Total Revenues | BGN mil | 20.5 | 17.9 | 18.9 |
| Operating Profit | BGN mil | 1.91 | 0.063 | -2.56 |
| Provisions | BGN mil | 5.42 | 0.868 | -0.298 |
| Net Profit | BGN mil | -3.51 | -0.788 | -2.26 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Customer Loans | BGN mil | 316 | 256 | 346 |
| Total Assets | BGN mil | 586 | 541 | 671 |
| Shareholders' Equity | BGN mil | -2.41 | -2.43 | -3.80 |
| Interbank Borrowing | BGN mil | 3.05 | 0.150 | 1.69 |
| Customer Deposits | BGN mil | 582 | 540 | 668 |
| Issued Debt Securities | BGN mil | 3.05 | 0.150 | 1.69 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 1,177 | 32.6 | 72.5 |
| ROA | % | -0.592 | -0.140 | -0.373 |
| Costs (As % Of Assets) | % | 3.14 | 3.18 | 3.55 |
| Costs (As % Of Income) | % | 90.7 | 99.6 | 113 |
| Net Interest Margin | % | 1.66 | 1.49 | 1.12 |
| Loans (As % Of Deposits) | % | 54.3 | 47.5 | 51.8 |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 14.7 | -12.4 | 5.56 |
| Operating Cost Growth | % | 2.43 | -3.72 | 20.2 |
| Operating Profit Growth | % | -796 | -96.7 | -4,157 |
| Net Profit Growth | % | -346 | -77.5 | 187 |
| Customer Loan Growth | % | -18.8 | -18.9 | 34.9 |
| Total Asset Growth | % | -2.13 | -7.72 | 24.1 |
| Customer Deposit Growth | % | -0.962 | -7.25 | 23.8 |
| Shareholders' Equity Growth | % | -233 | 0.872 | 56.5 |
Get all company financials in excel:
| summary | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Net Interest Income | BGN mil | 14.8 | 15.0 | 10.1 | 9.37 | 9.82 | ||||||
| Total Revenues | BGN mil | 24.3 | 24.1 | 17.3 | 17.9 | 20.5 | ||||||
| Operating Profit | BGN mil | 5.36 | 6.58 | -0.473 | -0.274 | 1.91 | ||||||
| Net Profit | BGN mil | 4.83 | 5.94 | -0.315 | 1.42 | -3.51 | ||||||
| balance sheet | ||||||||||||
| Customer Loans | BGN mil | 264 | 339 | 419 | 389 | 316 | ||||||
| Debt Securities | BGN mil | 353 | 226 | 144 | 158 | 136 | ||||||
| Total Assets | BGN mil | 643 | 884 | 612 | 599 | 586 | ||||||
| Shareholders' Equity | BGN mil | 5.27 | 6.38 | 1.04 | 1.81 | -2.41 | ||||||
| Interbank Borrowing | BGN mil | 0 | 0 | 0 | 0 | 3.05 | ||||||
| Customer Deposits | BGN mil | 408 | 612 | 602 | 587 | 582 | ||||||
| Issued Debt Securities | BGN mil | 217 | 242 | 0.032 | 0.162 | 3.05 | ||||||
| ratios | ||||||||||||
| ROE | % | 78.7 | 102 | -8.50 | 99.8 | 1,177 | ||||||
| ROA | % | 0.834 | 0.778 | -0.042 | 0.235 | -0.592 | ||||||
| Costs (As % Of Assets) | % | 3.27 | 2.29 | 2.38 | 3.00 | 3.14 | ||||||
| Costs (As % Of Income) | % | 78.0 | 72.7 | 103 | 102 | 90.7 | ||||||
| Net Interest Margin | % | 2.55 | 1.96 | 1.35 | 1.55 | 1.66 | ||||||
| Interest Income (As % Of Revenues) | % | 60.7 | 62.1 | 58.3 | 52.5 | 48.0 | ||||||
| Fee Income (As % Of Revenues) | % | 13.3 | 16.4 | 23.7 | 17.4 | 18.1 | ||||||
| Equity (As % Of Assets) | % | 0.820 | 0.722 | 0.170 | 0.303 | -0.411 | ||||||
| Loans (As % Of Deposits) | % | 64.8 | 55.4 | 69.6 | 66.2 | 54.3 | ||||||
| Loans (As % Assets) | % | 41.1 | 38.4 | 68.5 | 65.0 | 53.9 | ||||||
| valuation | ||||||||||||
| Book Value Per Share Growth | % | ... | 31.7 | 1.29 | -32.5 | -7.17 | 4.80 |
| income statement | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Interest Income | BGN mil | 17.3 | 16.0 | 10.3 | 9.54 | 9.92 | ||||||
| Interest Cost | BGN mil | 2.52 | 1.09 | 0.173 | 0.170 | 0.095 | ||||||
| Net Interest Income | BGN mil | 14.8 | 15.0 | 10.1 | 9.37 | 9.82 | ||||||
| Net Fee Income | BGN mil | 3.23 | 3.95 | 4.11 | 3.11 | 3.71 | ||||||
| Other Income | BGN mil | 6.33 | 5.18 | 3.13 | 5.38 | 6.95 | ||||||
| Total Revenues | BGN mil | 24.3 | 24.1 | 17.3 | 17.9 | 20.5 | ||||||
| Depreciation | BGN mil | 0.642 | 0.657 | 0.535 | 0.433 | 0.367 | ||||||
| Operating Cost | BGN mil | 19.0 | 17.5 | 17.8 | 18.1 | 18.6 | ||||||
| Operating Profit | BGN mil | 5.36 | 6.58 | -0.473 | -0.274 | 1.91 | ||||||
| Provisions | BGN mil | 0.004 | 0.003 | -0.139 | -0.224 | 5.42 | ||||||
| Extra and Other Cost | BGN mil | -0.014 | -0.018 | -0.019 | -0.016 | -0.010 | ||||||
| Pre-Tax Profit | BGN mil | 5.37 | 6.60 | -0.315 | -0.034 | -3.51 | ||||||
| Tax | BGN mil | 0.536 | 0.660 | 0 | -0.004 | 0 | ||||||
| Minorities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Net Profit | BGN mil | 4.83 | 5.94 | -0.315 | 1.42 | -3.51 | ||||||
| growth rates | ||||||||||||
| Net Interest Income Growth | % | ... | 31.7 | 1.29 | -32.5 | -7.17 | 4.80 | |||||
| Net Fee Income Growth | % | ... | 16.7 | 22.5 | 3.90 | -24.3 | 19.2 | |||||
| Total Revenue Growth | % | ... | -1.84 | -0.933 | -28.1 | 3.03 | 14.7 | |||||
| Operating Cost Growth | % | ... | 10.3 | -7.67 | 1.68 | 1.84 | 2.43 | |||||
| Operating Profit Growth | % | ... | -29.4 | 22.9 | -107 | -42.1 | -796 | |||||
| Pre-Tax Profit Growth | % | ... | -26.5 | 23.0 | -105 | -89.2 | 10,218 | |||||
| Net Profit Growth | % | ... | -26.4 | 23.0 | -105 | -552 | -346 | |||||
| market share | ||||||||||||
| Market Share in Revenues | % | 0.619 | 0.631 | 0.468 | 0.458 | 0.496 | ||||||
| Market Share in Net Profit | % | 1.02 | 1.13 | ... | 0.200 | ... | ... | ... |
| balance sheet | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||
| Cash | BGN mil | 21.5 | 315 | 44.8 | 47.0 | 129 | ||||||
| Customer Loans | BGN mil | 264 | 339 | 419 | 389 | 316 | ||||||
| Debt Securities | BGN mil | 353 | 226 | 144 | 158 | 136 | ||||||
| Fixed Assets | BGN mil | 1.72 | 1.27 | 0.805 | 0.753 | 0.956 | ||||||
| Total Assets | BGN mil | 643 | 884 | 612 | 599 | 586 | ||||||
| Shareholders' Equity | BGN mil | 5.27 | 6.38 | 1.04 | 1.81 | -2.41 | ||||||
| Of Which Minority Interest | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Liabilities | BGN mil | 637 | 877 | 611 | 597 | 588 | ||||||
| Interbank Borrowing | BGN mil | 0 | 0 | 0 | 0 | 3.05 | ||||||
| Customer Deposits | BGN mil | 408 | 612 | 602 | 587 | 582 | ||||||
| Issued Debt Securities | BGN mil | 217 | 242 | 0.032 | 0.162 | 3.05 | ||||||
| Other Liabilities | BGN mil | 0 | 0 | 0 | 0 | 0 | ||||||
| growth rates | ||||||||||||
| Customer Loan Growth | % | ... | 26.8 | 28.4 | 23.5 | -7.23 | -18.8 | |||||
| Total Asset Growth | % | ... | 24.5 | 37.5 | -30.7 | -2.20 | -2.13 | |||||
| Shareholders' Equity Growth | % | ... | -24.8 | 21.1 | -83.7 | 74.3 | -233 | |||||
| Customer Deposit Growth | % | ... | 16.9 | 50.2 | -1.66 | -2.47 | -0.962 | |||||
| market share | ||||||||||||
| Market Share in Customer Loans | % | 0.488 | 0.610 | 0.751 | 0.755 | 0.623 | ||||||
| Market Share in Total Assets | % | 1.07 | 1.37 | 0.878 | 0.853 | 0.769 | ||||||
| Market Share in Customer Deposits | % | 0.763 | 1.06 | 0.958 | 0.915 | 0.870 |
| ratios | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | ||||||||||||
| ROE | % | 78.7 | 102 | -8.50 | 99.8 | 1,177 | ||||||
| ROA | % | 0.834 | 0.778 | -0.042 | 0.235 | -0.592 | ||||||
| Costs (As % Of Assets) | % | 3.27 | 2.29 | 2.38 | 3.00 | 3.14 | ||||||
| Costs (As % Of Income) | % | 78.0 | 72.7 | 103 | 102 | 90.7 | ||||||
| Net Interest Margin | % | 2.55 | 1.96 | 1.35 | 1.55 | 1.66 | ||||||
| Interest Spread | % | ... | 2.54 | 1.96 | 1.35 | 1.55 | 1.66 | |||||
| Asset Yield | % | 2.98 | 2.10 | 1.37 | 1.58 | 1.68 | ||||||
| Cost Of Liabilities | % | ... | 0.440 | 0.143 | 0.023 | 0.028 | 0.016 | |||||
| Interest Income (As % Of Revenues) | % | 60.7 | 62.1 | 58.3 | 52.5 | 48.0 | ||||||
| Fee Income (As % Of Revenues) | % | 13.3 | 16.4 | 23.7 | 17.4 | 18.1 | ||||||
| Other Income (As % Of Revenues) | % | 26.0 | 21.5 | 18.0 | 30.1 | 33.9 | ||||||
| Equity (As % Of Assets) | % | 0.820 | 0.722 | 0.170 | 0.303 | -0.411 | ||||||
| Loans (As % Of Deposits) | % | 64.8 | 55.4 | 69.6 | 66.2 | 54.3 | ||||||
| Loans (As % Assets) | % | 41.1 | 38.4 | 68.5 | 65.0 | 53.9 | ||||||
| Cost of Provisions (As % Of Loans) | % | 0.002 | < 0.001 | -0.037 | -0.055 | 1.54 |
Get all company financials in excel:
By Helgi Library - September 3, 2018
ING Bank Bulgaria's customer loans reached BGN 346 mil in 2017, up 34.9% 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. ING Bank Bulgaria accounted for 0.58...
By Helgi Library - September 3, 2018
ING Bank Bulgaria's net interest margin amounted to 1.12% in 2017, down from 1.49% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 6.81% in 2009 and an all time low of 1.12% in 2017. The average ma...
By Helgi Library - September 3, 2018
ING Bank Bulgaria generated total banking revenues of BGN 18.9 mil in 2017, up 5.56% 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 35.9 mil in 2009 and ...
By Helgi Library - September 3, 2018
ING Bank Bulgaria's customer loan growth reached 34.9% in 2017, up from -18.9% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 34.9% in 2017 and an all time low of -33.8% in 2010. In the last decade, the av...
ING Bank Bulgaria 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. ING Bank Bulgaria's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.
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