TBI Bank posts net profit of nearly 23 million Euro, up 58 percent in 2019

TBI Bank’s net profit increased by 58 percent to a company record high of 22.9 million Euro, the bank’s audited consolidated results for 2019 show.

Assets increased by 17 percent and reached 465 million Euro at year’s end. In 2019, TBI Bank issued new loans for 336 million Euro, contributing to 19 percent growth in the bank’s gross portfolio, which reached 368 million Euro at the end of 2019. Its retail deposits grew by 25 percent and reached 281 million Euro.

In the last seven years TBI Bank has been among the most profitable banks in Bulgaria and South East Europe. For the whole year the return on assets stood at 5.3 percent, the return on equity – at 20.9 percent, while the return on the working portfolio was 30.1 percent.