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Bulgaria’s Top 10 Banks in 2021

Bulgaria’s Top 10 Banks in 2021

Capital Weekly ranks financial institutions in terms of stability, profitability and dynamics


Money for RES for businesses’ own use

Money for RES for businesses’ own use

Commercial lenders and Bulgarian Development Bank (BDB) provide financing for solar power plants for businesses. Also, there is a funding program with 200 million levs in grants under the Recovery Plan


Bulgarian banks’ profit rises to 1.4 billion levs in 2021

Bulgarian banks’ profit rises to 1.4 billion levs in 2021

Lower impairment costs, decreased contributions to guarantee funds and the credit moratorium boosted annual profit by 600 million levs


KBC Group Buys Raiffeisenbank (Bulgaria) in record 1 billion euro deal

KBC Group Buys Raiffeisenbank (Bulgaria) in record 1 billion euro deal

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



Food and beverage Top 30: Sunflower Billions

Food and beverage Top 30: Sunflower Billions

The sector as a whole performs well, but the champion is sunflower oil production


The deals of 2020: Few and far between

The deals of 2020: Few and far between

The pandemic practically froze the M&A market. Buyers are still mostly local faces


KBC expanding into Bulgaria’s pension insurance market

KBC expanding into Bulgaria’s pension insurance market

The Belgian group is acquiring Dutch-based NN’s Bulgarian businesses for 77.7 mln euro



The pressure below surface

The pressure below surface

Bulgarian banks remained profitable in the first three quarters of 2020 despite the coronavirus impact but with the expiry of the credit moratorium drawing nearer pressure will likely increase on profit margins in the coming months


Fast Reads

Fast Reads


New billion-lev deal in Bulgaria’s banking sector

New billion-lev deal in Bulgaria’s banking sector

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.


Accelerator for Bank Mergers

Accelerator for Bank Mergers

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.


The best banks in Bulgaria in 2017

The best banks in Bulgaria in 2017

DSK Bank returns to the top spot


Au Revoir, SocGen

Au Revoir, SocGen

The Eastern European market turned too tight for Société Générale


You’ll be sold if you are small or deficient

You’ll be sold if you are small or deficient

Narrowing margins, a result of negative interest rates and stringent regulations, make smaller banks less and less profitable


UBB SELLS RECORD NPL PORTFOLIO TO EOS MATRIX

UBB SELLS RECORD NPL PORTFOLIO TO EOS MATRIX

THE SALE IS THE BIGGEST NPL DEAL SO FAR, AS BULGARIAN BANKS CONTINUE TO CLEAN THEIR BALANCE SHEETS


Pension funds keep investing in related parties

Pension funds keep investing in related parties

Despite legislation against such practices adopted in 2017 they continue uninterrupted


The business deals of 2017

The business deals of 2017

Foreign investors are gradually returning


Bulgaria’s best banks

Bulgaria’s best banks

UniCredit Bulbank leads Capital’s TOP 10 Banks ranking for a second year in a row