Raiffeisenbank (Bulgaria) EAD

Raiffeisenbank (Bulgaria) EAD is a universal bank, offering retail and corporate banking products and services to its customers.

Financials

Total Assets (2017)
6 997.36 mln BGN  (+10.66%)
Net Income (2017)
135.07 mln BGN  (+1.78%)

Raiffeisenbank (Bulgaria) EAD is the 6th largest bank in Bulgaria in terms of total assets. In 2017 its total assets were 6 997,36 mln BGN, providing the bank with the market share of 7.15%. In 2017 the bank's net income was 135,07 mln BGN.

Raiffeisenbank (Bulgaria) EAD is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).

Raiffeisenbank (Bulgaria) EAD participates in deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Raiffeisenbank (Bulgaria) EAD is a member of Raiffeisen Banking Group (Austria).

Contacts

55, Nikola Vaptsarov Blvd., 1407, Sofia, Bulgaria

Raiffeisenbank (Bulgaria) EAD is headquartered in Sofia.

Bank Identifiers

BIC (SWIFT)
RZBBBGSF
MFI ID
BGRZBB9155

Financial Positions

Total Assets (2017)
6 997.36 mln BGN  (+10.66%)
Total Equity (2017)
923.92 mln BGN  (+1.49%)

In 2017 total assets of Raiffeisenbank (Bulgaria) EAD were 6 997.36 mln BGN. Growth compared to the previous period (2016) was 10.66%. The evolution of the total assets of Raiffeisenbank (Bulgaria) EAD is shown at Chart 1 below.

Total Assets of Raiffeisenbank (Bulgaria) EAD.

Chart 1. Total Assets of Raiffeisenbank (Bulgaria) EAD.

Recent changes in total assets of Raiffeisenbank (Bulgaria) EAD and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 1 169.1 1 396.1 +19.41%
Loans 4 047.6 4 433.6 +9.54%
Total Assets 6 323.6 6 997.4 +10.66%
Table 1. Recent changes in total assets of Raiffeisenbank (Bulgaria) EAD (mln BGN).

Recent changes in total liabilities of Raiffeisenbank (Bulgaria) EAD and its main components are shown in Table 2.

2016 2017 % change
Deposits 5 381.7 6 038.1 +12.20%
Total Liabilities 6 323.6 6 997.4 +10.66%
Table 2. Recent changes in total liabilities of Raiffeisenbank (Bulgaria) EAD (mln BGN).

Profit and Loss

Net Income (2017)
135.07 mln BGN  (+1.78%)

Recent changes in gross profit of Raiffeisenbank (Bulgaria) EAD and its main components are shown in Table 3.

2016 2017 % change
Interest Income 223.8 204.0 -8.86%
Interest Charges -19.7 -15.7 -20.49%
Commission Income 87.5 95.0 +8.63%
Commission Charges -17.1 -19.5 +14.13%
Table 3. Recent changes in gross profit of Raiffeisenbank (Bulgaria) EAD (mln BGN).

In 2017 net income of Raiffeisenbank (Bulgaria) EAD was 135.07 mln BGN. Growth compared to the previous period (2016) was 1.78%. The evolution of the net income of Raiffeisenbank (Bulgaria) EAD is shown at Chart 2 below.

Net Income of Raiffeisenbank (Bulgaria) EAD.

Chart 2. Net Income of Raiffeisenbank (Bulgaria) EAD.

Market Share and Rank (among banks in Bulgaria)

Total Assets (2017)
6th (market share 7.15%)
Loans (2017)
5th (market share 7.43%)
Deposits (2017)
6th (market share 7.17%)

In 2017 Raiffeisenbank (Bulgaria) EAD was ranked the 6th largest bank in Bulgaria in terms of total assets, having 7.15% of the domestic market share.

Market share of Raiffeisenbank (Bulgaria) EAD (among banks in Bulgaria)

Chart 3. Market share of Raiffeisenbank (Bulgaria) EAD (among banks in Bulgaria)

Several banks having the market shares and ranks closest to Raiffeisenbank (Bulgaria) EAD are shown below.

RankNameTotal AssetsMarket Share
5 United Bulgarian Bank AD7349.66 mln BGN7.51%
6 Raiffeisenbank (Bulgaria) EAD6997.36 mln BGN7.15%
7 Societe General Expressbank AD6430.31 mln BGN6.57%
 

Credit Ratings (as of May 2018)

Fitch Moody's
BBB- (good credit quality) Baa2 (lower medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Raiffeisenbank (Bulgaria) EAD is rated by Fitch and Moody's.

Credit ratings assigned to Raiffeisenbank (Bulgaria) EAD as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Raiffeisenbank (Bulgaria) EAD it is set to BBB- (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Raiffeisenbank (Bulgaria) EAD is set to F3 (fair short-term credit quality).

Long-Term Issuer Default Rating  BBB-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F3
Viability Rating  bb
Support Rating  2
Support Rating Floor  -

Viability rating for Raiffeisenbank (Bulgaria) EAD is set to bb (speculative fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is not set.

Moody's

Long-term rating for Raiffeisenbank (Bulgaria) EAD it is set to Baa2 (lower medium grade). Long-term bank deposit rating is Baa2 (lower medium grade). Baseline credit assessment is ba2. Short-term rating is not assigned.

Long-Term Rating  Baa2
Long-Term Bank Deposit Rating  Baa2
Baseline Credit Assessment  ba2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Raiffeisenbank (Bulgaria) EAD is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Bulgaria are obliged to participate in Bulgarian deposit guarantee scheme.

In the case of Raiffeisenbank (Bulgaria) EAD failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  all funds on a bank account (term deposit, demand deposit, savings or current account, etc)
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  BGN

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Raiffeisenbank (Bulgaria) EAD and its components are shown in the table below.

BIC  RZBBBGSF
Bank BIC Code  RZBB
Country Code  BG (Bulgaria)
Location Code  SF
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Raiffeisenbank (Bulgaria) EAD is shown in the table below.

MFI ID  BGRZBB9155