In the past year, 2024, amidst a globally uncertain economic environment influenced by inflationary dynamics and geopolitical and trade tensions, BACB has continued its successful development, creating value for both its clients and shareholders. The bank's net profit, amounting to BGN 56.178 million after tax, represents a 2.33% increase compared to the fourth quarter of 2023.

As of the end of December 2024, the bank's loan portfolio registered a growth of 14.51% compared to the same period in 2023, against a 13.48% increase for the banking sector. The new loans driving the bank’s growth support a sustainable economy and contribute to risk diversification.

Mortgage lending to individuals achieved a growth of 13.63%, in line with the expansion of the real estate market. Consumer loans increased by an impressive 22.64% compared to the fourth quarter of 2023, exceeding the banking sector’s 16.9% growth rate, thereby expanding the portfolio of retail loans.

BACB's interest income grew by 19.68% compared to the last quarter of 2023, while the banking sector recorded a 14.43% increase. This growth is attributed to BACB’s ability to follow market trends and expand its loan portfolio. As a result of this market environment, the bank's funding costs also increased in 2024, along with the funds raised from subordinated and Tier 2 capital instruments. Due to the significantly higher interest income, net interest income as of December 2024 was 8.89% higher than in the same period of 2023.

BACB’s capital position maintained its positive trend, recording a 14.17% increase compared to the end of 2023, with CET1 on an individual basis reaching BGN 317.733 million, ensuring the bank’s sustainable growth.

The full financial statements of the Bulgarian-American Credit Bank, along with the bank's full management report, are available on the corporate website in the "Investor Relations" section.

BGN '000	Q4'23	Q4'24	delta %
Interest income	99 658	119 275	19.68%
Ineterest expence	-6 571	-17 917	172.67%
Net interest income	93 087	101 358	8.89%
Net fees income	13 672	13 696	0.18%
Net profit	54 899	56 178	2.33%
Loans (net)	1 578 033	1 807 039	14.51%
Deposits	2 222 976	2 052 898	-7.65%
Total borrowed funds	2 404 244	2 282 213	-5.08%
Total assets	2 790 176	2 760 510	-1.06%
CET1	278 297	317 733	14.17%