Bulgarian-American Credit Bank 9-mo Cons Net Profit Halves to 12.22 Mln Euro - Table

BACB's consolidated net profit for the same period of 2008 was 43.9 million levs, bank data posted on the Bulgarian Stock Exchange website showed.

“The good results showed that the bank meets the challenges of the economic situation and remains one of the most efficient financial institutions in the country,” Maria Sheitanova, executive manager of BACB, said in a statement.

Following are details from the BACB financial statement (in millions of levs):

BACB's assets totalled 814.8 million levs at the end of September, compared to 818.7 million levs a year earlier.

BACB was the 17th largest bank in terms of assets in Bulgaria at the end of September, according to the latest available data.

BACB, which is part of the blue chip SOFIX index on the bourse in Sofia, fell 6.3% to 17.9 levs per share in a volume of 6,436 shares on Tuesday.

(1 euro=1.95583 Bulgarian levs)