Bulgarian banks’ net profit grows 9.1% y/y in Jan-April

The combined net profit of banks operating in Bulgaria climbed by 9.1% on the year to 1.3 billion levs ($753.7 million/664.7 million euro) in the first four months of 2025, the central bank said.
Bulgarian banks’ net profit grows 9.1% y/y in Jan-April
Ju1978/Shutterstock.com
The banking sector’s net operating income amounted to 2.72 billion levs at the end of April, the Bulgarian National Bank (BNB) said in a monthly report on the banking sector’s performance on Friday. In January-April 2024, banks in Bulgaria generated a net operating income of some 2.58 billion levs.

Gross interest income of banks in Bulgaria went up to 2.24 billion levs in the four months through April from nearly 2.22 billion levs in the prior-year period. At the same time, gross fee and commission income grew to 728.4 million levs from 648.3 million levs.

The banks’ total assets stood at 196.5 billion levs at the end of April, down 0.5% month-on-month. In the first four months of 2024, total assets came in at 175.1 billion levs.

Gross loans and advances in the review period totalled 128.1 billion levs, slipping by 0.5% in monthly terms. The gross loan portfolio of the Bulgarian banking system amounted to 114.9 billion levs at the end of April, compared to 101.6 billion levs a year earlier.

Compared to end-March, household loans increased by 1.7%, while loans to other financial corporations edged up 0.2%.

At the end of April, deposits in the banking system reached 165.8 billion levs, or 0.6% less than a month earlier, mainly due to an 8.9% decline in deposits of credit institutions.

Meanwhile, household deposits rose by 0.7% from March and those of the general governments sector added 7.8%.

(1 euro = 1.95583 levs)