584 million leva is the profit of the banking system till November

584 million leva is the profit of the banking system till November

In November the profit of the banking system increased by 67 million leva to 584 million leva so far this year, according to the website of the Bulgarian National Bank (BNB). Total assets in the system increased by 1.3 per cent to 72,600 million leva due to an increase in attracted funds and capital. An increase in cash and in securities in trading portfolios, those available for sale and held to maturity, as well as in loans and receivables was registered in November. No change occurred in the resident structure of portfolios of debt instruments. More than three quarters of those - mostly Bulgarian government securities - have been issued by domestic issuers.

The liquid assets to total liabilities ratio reached 22.71 per cent (21.7 per cent as of end-October).

All banks comply with the BNB-recommended level of coverage with liquid assets of the attracted funds from individuals and institutions other that credit ones.

Gross loans (excluding loans to credit institutions) increased by 0.4 per cent (203 million leva). Over the month, corporate loans went up by 0.4 per cent (116 million leva), and retail exposures rose by 0.3 per cent (53 million leva). Housing mortgage loans increased by 0.7 per cent. In contrast, the consumer segment once again reported a 0.1 per cent decrease.

Attracted funds grew 1.6 per cent (954 million leva) to 62,000 million leva. Resources from institutions other than credit ones contributed significantly, growing 2.1 per cent in November. Deposits from individuals and households marked a 1.5 per cent increase (403 million leva), reaching 44.1 per cent of the total attracted funds in the system, compared with 40.3 per cent as at November  30, 2009

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.