Bulgarian Banks Collect 1 Billion Levs in Fees in 2016
Tuesday, 21 February 2017
According to information of the Bulgarian National Bank (BNB), the revenues of the Bulgarian banks from commission fees and charges for 2016 amount to 1.06 billion levs, as against 1.02 billion levs in 2015.
Bulgaria's banking sector has reported a record-high profit for 2016 in the amount of 1.262 billion levs – an increase by 40.5% (264 million levs) year-on-year.
In 2016, the banks earned over 3 billion levs from loan interests, a small decrease from a year ago when the revenues from loan interests were 3.4 billion levs.
At the same time, the banks paid to deposit holders only 439 million levs in interests, as against 866 million levs in 2015.
The banks' record high profit for 2016 also owes itself to the shrinking share of bad credits on the Bulgarian loan market.