We capitalized our 2023 profit to support future growth

We have capitalized our entire consolidated net profit for 2023 for the amount of 42.5 million euro. 

Our profit for the first six months of 2023 has already been capitalized upon approval by the Bulgarian National Bank at the end of 2023. Now, our shareholders decided to also reinvest the profits from H2 2023, supporting future growth. 

We reported record financial results in 2023 with 17% higher net profit and an impressive nearly 40% growth in total assets – the highest among all the banks in the Bulgarian market. During 2023 we serviced applications from 1.6 million unique customers (twice as much as in 2022) in our three core markets – Bulgaria, Romania, and Greece, disbursing around 750.000 loans at the amount of nearly EUR 1 billion (30% yoy growth).