Capital Weekly ranks financial institutions in terms of stability, profitability and dynamics
KBC Group is also owner of United Bulgarian Bank (UBB) and the merger of the two banks will create a third local giant of the caliber of UniCredit Bulbank and DSK
In the second quarter, banks’ profits plummeted due to higher provisions and declining interest and fee income
UniCredit Bulbank returns to take the lead in K10, the annual ranking of the leading banks in Bulgaria by Capital newspaper, largely thanks to a dividend sweetener in its profit
DSK Bank is set to buy Societe Generale Expressbank for close to 1.0 billion levs, or 1.3 times its capital, vying for the top spot in the sector in terms of assets.
After the sector shrunk by four banks in the last five years, at least two more sales and a merger are expected before year-end.
Narrowing margins, a result of negative interest rates and stringent regulations, make smaller banks less and less profitable
Big and established international companies are selling their Bulgarian assets to East European or local buyers.