Investor Presentaiton
Banking system - profitability
The Bulgarian banking system's profit for 2022 (EUR 1.1 billion) increased year-on-year, exceeding pre-pandemic levels. Accordingly, at
the end of 2022 the return on assets (ROA) and the return on equity (ROE) were 1.3% and 12.0% respectively, compared to 1.4% and
11.5% for end-2019.
As of end-June 2023 the banking system's profit was EUR 862 million, representing an increase of 69.9% YoY.
The total net operating income ("NOI") for first half of 2023 was EUR 1.7 billion, driven by the growing net interest income of the
banking system.
Cost to Income Ratio (%)
54.3
56
54
52
50
48
46
CONDOLE
48.9
46.2
44
40.3
42
40
38
36
34
32
30
2020
2021
2022
Q2 2023
Source: BNB
Return on Assets (%) and Return on Equity (%)
12.0
11.5
9.1
8.1
12.0
18.4
1.2
1.6
1.4
0.6
4.6
2.1
1.0
1.3
2017
2018
2019
2020
2021
2022
Q2 2023
ROA ROE
Source: BNB
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