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Bulgarian banks post double-digit H1 deposit growth
13:54 Tue 05 Aug 2008 - dnevnik.bg
 

Increased market competition has reshuffled the nation's top 10 banks in terms of household deposit portfolio, shows end-June data of the Bulgarian National Bank.

Raiffeisenbank (Bulgaria) EAD was the biggest gainer in H1 with 376.6 million leva in new household deposits, a 30.4 per cent year-on-year increase that lifts the bank to the no.5 spot in terms of total deposits.

First Investment Bank and SG Expressbank dropped a spot in terms of new deposits.

Raiffeisenbank is followed by DSK Bank with 298.7 million leva in new deposits in H1, Postbank with 259 million, UBB with 206 million and Bulbank with 193 million leva.

In terms of total deposits, DSK Bank is tops with 4.043 billion leva at end-June, followed by UniCredit Bulbank with 2.961 billion, Postbank with 2.383 billion, UBB with 2.175 billion leva and Raiffeisenbank with 1.615 billion leva.

Two banks in the top 10, First Investment Bank and Economic and Investment Bank, posted a decline in deposited funds, down 5.7 per cent and 7 per cent, respectively.

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