2012-09-25 08:33:19 -
New Financial Services research report from Business Monitor International is now available from Fast Market Research
BMI View: The Bulgarian commercial banking sector will continue to be characterised by deleveraging and asset divestment by Western European parent banks to the end of our forecast period to 2016. Moreover, our weak long-term economic growth outlook for Bulgaria means we expect few new entrants into the market, while limited investment and a weak businesses environment will further curtail profitable opportunities for Bulgaria's domestic banks in the long run. The Bulgarian commercial banking sector is set to suffer from weak growth and a lack of profitability in the coming years. Our expectation for the economy to remain on a low growth trajectory over the coming decade implies there will be very limited growth opportunities for domestic banks to take
advantage of in the years ahead (see our 10 Year Forecasts - Q3 2012 in our online service). Limited opportunity is set to restrict new entrants into the domestic market, and we see very little scope for a foreign ownership restructuring of the domestic banking sector. We continue to expect Western European banks to dominate the Bulgarian commercial banking sector to the end of our forecast period, but see limited scope for the ongoing trend of deleveraging by European parent banks to boost the sector's growth and profitability outlook in the long term. Limited Credit Extension In Low Growth Environment The high proportion of beleaguered peripheral eurozone banks operating in the economy, particularly Greek and Italian banks, which we expect a return to remain highly exposed to weak economic growth and debt write-offs, mean new credit extension in Bulgaria is set to remain very low. At the same time, Bulgarian banks' high dependence on external financing will further exacerbate the dearth of credit in the coming years (see 'Banking Sector Eurozone Exposure Poses Major Risk', February 2).
Full Report Details at
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www.fastmr.com/prod/456311_bulgaria_commercial_banking_report_q4 ..
Report Table of Contents:
Executive Summary
- Table: Levels (BGNbn)
- Table: Levels (US$bn)
- Table: Levels At June 2012
- Table: Annual Growth Rate Projections 2012-2016 (%)
- Table: Ranking Out Of 59 Countries Reviewed In 2011
- Table: Projected Levels (BGNbn), 2008-2016
- Table: Projected Levels (US$bn), 2008-2016
SWOT Analysis
- Bulgaria Commercial Banking SWOT
- Bulgaria Political SWOT
- Bulgaria Economic SWOT
- Bulgaria Business Environment SWOT
Business Environment Outlook
- Commercial Banking Business Environment Rating
- Table: Commercial Banking Business Environment Ratings
- Commercial Banking Business Environment Rating Methodology
- Table: Emerging Europe Commercial Banking Business Environment Ratings
Global Commercial Banking Outlook
Eurozone Banking Sector Outlook
- CEE Banking: Three Banking Sectors With Bright Futures
Europe Banking Sector Forecast Overview
- Table: Emerging Europe Banks' Bond Portfolios 2011
- Table: Emerging Europe Commercial Banking Business Environment Ratings
- Table: Comparison of Loan/Deposit & Loan/Asset & Loan/GDP ratios
- Table: Anticipated Developments in 2012
- Table: Comparison of Total Assets & Client Loans & Client Deposits (US$bn)
- Table: Comparison of US$ Per Capita Deposits (2011)
- Table: Interbank Rates and Bond Yields
Bulgaria Banking Sector Outlook
- Negative Long-Term Outlook For Banking Sector
Economic Outlook
- Table: Bulgaria - Economic Activity, 2011-2016
Competitive Landscape
- Table: Protagonists In Bulgaria's Commercial Banking Sector
- Definition Of The Commercial Banking Universe
- List Of Banks
- Table: Banks In Bulgaria
Company Profiles
- Allianz Bank Bulgaria
- Table: Key Statistics For Allianz Bank Bulgaria, 2004-2008 (BGNmn)
- Central Cooperative Bank
- Table: Stock Market Indicators, 2006-2012
- Table: Balance Sheet (BGNmn), 2006-2010
- Table: Balance Sheet (US$mn), 2006-2010
- Table: Key Ratios 2006-2010
- DSK Bank
- Table: Key Statistics For DSK Bank, 2005-2008 (BGNmn), 2005-2008
- Eurobank EFG Bulgaria
- Table: Stock Market Indicators, 2006-2012
- Raiffeisenbank (Bulgaria)
- Table: Balance Sheet (BGNmn), 2007-2010
- Table: Balance Sheet (US$mn), 2007-2010
- Table: Key Ratios 2007-2010
- UniCredit Bulbank
- Table: Key Statistics For UniCredit Bulbank, 2005-2008 (BGNmn)
BMI Banking Sector Methodology
Commercial Bank Business Environment Rating
- Table: Commercial Banking Business Environment Indicators And Rationale
- Table: Weighting Of Indicators
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