By March 31, Bulgarian banks reported earnings of EUR 490 million, representing a 7.7% increase from the previous year, according to the Bulgarian National Bank. The banking system’s balance-sheet equity reached EUR 15.1 billion, an increase of EUR 82 million, or 0.5%, compared to the end of December 2025. Impairment charges accrued on financial assets not carried at fair value through profit or loss totaled EUR 149 million as of the end of March, up from 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 EUR 3.4 billion, or 0.3%. The liquidity coverage ratio at the end of March stood at 278.6%. Total gross loans and advances reached EUR 79.3 billion, a 7% increase month-on-month.
Claims on lending institutions increased by EUR 2.6 billion, or 29.2%, reaching EUR 11.7 billion. Total deposits in the banking system stood at EUR 99.8 billion by the end of March, an increase of EUR 2.4 billion, or 2.5%, from the end of February. Household deposits rose by EUR 1 billion, and deposits from credit institutions grew by EUR 950 million.
Regarding asset quality, gross non-performing loans and advances totaled EUR 2.2 billion at
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According to the Bulgarian National Bank, Bulgarian banks reported earnings of EUR 490 million by March 31, representing a 7.7% increase compared to the previous year. Additionally, the banking system
What factors contributed to the 7.7% year-over-year increase in Bulgarian bank profits?