Profit of Bulgarian Banks Grew by 47 Million Levs Y/Y in Feb 2015

Profit of Bulgarian Banks Grew by 47 Million Levs Y/Y in Feb 2015

In February 2015 the profit of the banking system was 196 million levs, up by 47 million levs on the year, according to the Bulgarian National Bank (BNB).
In the February 2015 the banking system’s liquidity position continued to build up and the balance sheet capital and deposit base grew.
In February 2015 liquid assets increased and the liquidity ratio, as calculated under BNB Ordinance No. 11, reached 32.85%.
The accumulated impairment of loans and receivables at the end of the month amounted to 110 million levs and was similar to the impairment reported a year earlier.
Total assets increased in February by 307 million levs (0.4%).
In February 2015, an increase by 4 billion levs(33.9%) was registered in cash, balances at central banks and other demand deposits due to the transformation of assets and the share of this item in the balance sheet total reached 18.4%.
The balance sheet item of loans and receivables amounted to 57.7 billion levs as of end-February 2015.
Investments in securities increased by 363 million levs(3.3%) on the month, reaching a share of 13.0% in total assets.
Bulgarian government securities and foreign debt instruments increased.
 
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