Bulgarian banks have increased their profit by over 50%

Bulgarian banks have increased their profit by over 50%

The profit made by Bulgarian banks as of 30 September, 2021, reached over half a billion euro, 195 million more than during the first nine months of 2020, BNT has reported.

According to Bulgarian National Bank data, the growth of profit is by 55.6%. Bank deposits have also gone up – in the July-September period they increased by almost 2 billion euro, reaching 56 billion euro. The revenues are due most of all to savings by non-financial companies (1.2 billion euro) and households (332 billion euro). Moreover, the stock of non-performing loans at the end of September dropped to around 2.69 billion euro, less than it was compared of June, when it stood at 2.75 billion euro.

Gross loans and advance payments during the third quarter of 2021 have gone up by around 0.9 billion euro (2.2%) to approximately 41.95 billion euro.


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