According to the Bulgarian National Bank, Bulgarian banks generated EUR 490 million in earnings by March 31, representing a 7.7% increase year-over-year. The banking system’s balance-sheet equity reached EUR 15.1 billion, an increase of EUR 82 million, or 0.5%, from the end of December 2025. However, impairment charges accrued on financial assets not measured at fair value through profit or loss totaled EUR 149 million at the end of March, compared to EUR 64 million in the corresponding period of 2025.
For the first quarter of 2026, the banking system’s total assets amounted to EUR 119.5 billion, rising by 0.3%. At the end of March, the liquidity coverage ratio stood at 278.6%. Total gross loans and advances reached EUR 79.3 billion, marking a 7% increase month-on-month.
The general government sector was the largest contributor to loan growth, increasing by 32.4%. In terms of deposits, total funds held in the banking system stood at EUR 99.8 billion at the end of March, up 2.5% from the end of February. While household deposits rose by EUR 1 billion, deposits from the general government sector increased by EUR 494 million, or 26.7%.
Regarding asset quality, gross non-performing loans and advances were recorded at EUR 2.2 billion at the end of March, an increase of 11.1% compared
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