site.btaBanking System’s Profit Up 9.1% Y/Y, Stands at BGN 1.3 Bln End-April 2025

As of April 30, 2025, the banking system’s profit stood at BGN 1.3 billion or BGN 110 million (9.1%) higher than what was reported for the first four months of 2024, the Bulgarian National Bank said on Friday.

Net interest income increased by BGN 25 million or 1.4% compared to the same period last year and stood at BGN 1.8 billion at the end of April 2025. Net fee and commission income increased by BGN 53 million or 10.4% to BGN 563 million.

Accrued impairment costs for financial assets not measured at fair value through profit or loss were BGN 188 million for the first four months of 2025 or BGN 191 million as of April 30, 2024.

The assets of the banking system as of April 30, 2025, amounted to BGN 196.5 billion and were BGN 1.1 billion or 0.5% less than at the end of March 2025.

The liquidity coverage ratio at the end of April was 254.9% compared to 243.6% at the end of March. The liquidity buffer was BGN 52.3 billion, and the net liquidity outflows were BGN 20.5 billion (BGN 57.1 billion and BGN 23.4 billion, respectively, as of March 31, 2025).

Total gross loans and advances at the end of April amounted to BGN 128.1 billion, a decrease of BGN 652 million or 0.5% compared to the end of March. Claims on credit institutions marked a decrease by BGN 1.5 billion or 10.3% to BGN 13 billion.

The gross loan portfolio grew by BGN 821 million or 0.7% to BGN 114.9 billion compared to March. Growth was reported mainly in loans to households, by BGN 851 million, or 1.7% (of which by BGN 617 million for loans collateralized by residential immovable property). There was also an increase in loans to other financial corporations by BGN 20 million or 0.2%, while loans to non-financial corporations and to the general governments sector decreased, by BGN 50 million (0.1%) and by BGN 0.5 million (0.1%), respectively.

At the end of April, total deposits in the banking system amounted to BGN 165.8 billion, a decrease of BGN 1.1 billion or 0.6% compared to the end of March.

Deposits of non-financial corporations also decreased by BGN 572 million or 1.2%, as did deposits of other financial corporations by BGN 100 million or 2.1%. Household deposits increased by BGN 648 million or 0.7% and so did deposits of the general governments sector by BGN 312 million or 7.8%.

The total equity in the balance sheet of the banking system as of April 30, 2025, was BGN 23.9 billion, an increase of BGN 424 million or 1.8% compared to the previous month. The increase was mainly influenced by the positive dynamics in the current profit.