TBI Bank Bulgaria heads two bank rankings on Efficiency and Sustainability of Capital weekly

TBI Bank Bulgaria is number one in the Efficiency & Profitability and Sustainability & Dynamics rankings of the special edition of Capital K10: The Best Banks for 2017. The newspaper ranks Bulgarian banks according to criteria such as risk & stability, efficiency & profitability, sustainability & dynamics.

Thanks to its retail profile and the good results on the key indicators of the Efficiency & Profitability ranking, TBI Bank dethrones last year’s winner DSK. The leading criteria for attaining the first place are net interest margin, cost to income ratio, profit before amortization/ assets, return on assets and equity.

The Bank Bulgaria also heads the ranking on Sustainability & Dynamics overtaking the long-standing leader ProCredit Bank. The top ranking of TBI Bank is due to its high net interest margin of consumer loans and its fast growth generating a stable revenue from fees and commissions.

In 2017, TBI Bank Bulgaria is ranked 9th in the general ranking of Bulgarian banks made by K10.

The special edition includes interview with Petr Baron, managing director of TBIF Financial Services, the company owner of TBI Bank. He shares that software code will be the new mandatory foreign language for bank employees. Baron says that the Bank is not here to set one-time records but to build a sustainable business, a fact that is confirmed by TBI Bank’s first place in the Sustainability ranking.

Denis Gorbunov, Chief Financial Officer, states:

“TBI Group has achieved the record result in its history and has become the top ranked on the market in terms of efficiency, demonstrating EUR 19.9 mln IFRS consolidated net profit, which is almost 20% higher than 2016. Main drivers of this growth have become the solid business performance, resulting in considerable growth of our retail loan portfolio (39% YoY), keeping the cost of risk and operational costs under control. Our goal is to remain self-sufficient, financing all our digitalization projects to become a next generation digital lender.”