Bulgarian banks reported earning 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 reached EUR 15.1 billion, an increase of EUR 82 million, or 0.5%, compared to the end of December 2025. At the end of March, impairment charges accrued on financial assets totaled EUR 149 million, significantly higher than the EUR 64 million recorded in the same period of 2025.
For the first quarter of 2026, the banking system’s assets amounted to EUR 119.5 billion, representing a 0.3% rise. Liquidity remained robust, with the liquidity coverage ratio standing at 278.6% at the end of March. In terms of lending, total gross loans and advances reached EUR 79.3 billion, a 7% month-on-month increase.
The gross loan portfolio, encompassing various sectors, grew by 4% to EUR 67.6 billion. Notably, loans to the general government sector rose by EUR 254 million, or 32.4%. Deposits in the banking system totaled EUR 99.8 billion at the end of March
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Solid growth reported; a 7.7% year-over-year increase in profit is encouraging for the sector.