TBI Bank, net profit of EUR 8.2 million in the first half of 2020

TBI Bank’s net profit amounts to EUR 8.2 million, the Bank’s unaudited consolidated results for the first half of 2020 show.

That is 16% lower than in the same period of pre-crisis and record profitability in 2019.

Assets increased by 8% and reached EUR 504 million at the end of June. In first half of 2020 TBI Bank issued new loans for EUR 150 million, and the Bank’s gross loan portfolio reached EUR 359 million at the end of the period.

Rretail deposits grew by 10% and reached EUR 312 million.

More than 500.000 online and offline applications in Bulgaria and Romania and 160.000 loans were issued in first half of 2020.

Actual financial performance in H1 exceeded our reforecast prepared in April, while July and August are on the same ‘overperformance’ track. We all are working extremely hard in order to secure the same trajectory till the year end and going into 2021 ,”  says Denis Gorbunov, CFO of TBI Bank.

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