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Financial service activities except insurance and pension funding, Industry Analysis, Bulgaria, 2016

The Financial service activities, except insurance and pension funding industry in Bulgaria was represented by 1,914 companies at the end of 2016, compared to 1,889 in the previous year and 1,868 in 2014. The industry's net profit amounted to BGN 511,751,000 in
2016.

The industry's total revenue was BGN 2,876,100,000 in 2016, up by 2.80% compared to the previous year. The combined costs of the companies in the Financial service activities, except insurance and pension funding industry reached BGN 2,327,660,000 in 2016, up by 15.13% year-on-year.

The industry's total revenue makes up 3.43% to the country's Gross domestic product (GDP) in 2016, compared to 3.47% for 2015 and 3.44% in 2014.

A total of 10,981 people were employed in the Financial service activities, except insurance and pension funding
industry in 2016, compared to 10,806 in 2015 and 10,227 in 2014. Most of the companies in the industry are based in Sofia, followed by Plovdiv and Varna.

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