Bulgarian banks reported earnings of EUR 490 million by March 31, marking a 7.7% increase from the previous year, according to the Bulgarian National Bank. The banking system’s balance-sheet equity stood at EUR 15.1 billion, an increase of EUR 82 million, or 0.5%, as of the end of the period. However, impairment charges accrued on financial assets totaled EUR 149 million at the end of March, substantially higher than the EUR 64 million recorded in the comparable period of 2025.
In the first quarter of 2026, the banking system’s total assets reached EUR 119.5 billion, representing a 0.3% rise. The liquidity coverage ratio at the end of March was reported at 278.6%. Total gross loans and advances amounted to EUR 79.3 billion, an increase of 7% month-on-month.
The gross loan portfolio saw a 4% rise, reaching EUR 67.6 billion. Specific lending segments showed growth, with the general government sector’s claims increasing by 32.4%. Total deposits within the banking system reached EUR 99.8 billion at the end of March, up 2.5% from the end of February.
Household deposits grew by EUR 1 billion, while deposits from credit institutions rose by EUR 950 million. Regarding asset quality, gross non-performing loans and advances stood at EUR 2.2 billion at the end of March, an increase of 11.1% compared to the end of December 2025. Their net value at the end of the first quarter of 2026 was EUR 1.1 billion.
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