Bulgaria
Best domestic bank: Bulbank
Best foreign bank: Raiffeisenbank Bulgaria
Best domestic securities house: Bulbank
Best foreign securities house: Raiffeisenbank Bulgaria
Best foreign M&A house: CA IB Investmentbank
Bulbank is Bulgaria’s largest commercial bank, with a 27% share of the assets of the banking system. It also accounts for around 50% of banking profits. During 1999 the bank continued to expand, achieving a return on assets of 3.2% compared with 2.3% in 1998. Its return on equity improved to 15.6% from 12.
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