October 17 (SeeNews) - Commercial bank Allianz Bulgaria, majority-owned by Germany's Allianz AG, said on Wednesday its net profit for the first nine months of the year doubled to 12.5 million levs ($9.1 million/6.4 million euro) with the loan portfolio 2.4 times higher.
Following are figures from Allianz Bulgaria bank's balance sheet (in millions of levs):
|
|
9-mo'07 |
9-mo'06 |
2006 |
| Net profit |
12.509 |
6.181 |
9.233 |
| Interest income |
52.645 |
33.215 |
25.338 |
| Loan portfolio |
874.343 |
358.661 |
412.017 |
| Deposits |
1,124.405 |
589.693 |
785.260 |
| Total assets |
1,327.674 |
855.924 |
945.281 |
* Note: Figures are not fully comparable due to different methodology used in the reports.
The bank earlier this year projected a net profit of 12.7 million levs for the whole of 2007. It is part of Allianz Bulgaria Holding which has also units for general and life insurance, leasing services and a pension fund.
Twenty-five local banks and branches of five foreign banks operate in Bulgaria, a country of 7.7 million people.