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Bulgarian Banks End-Nov Assets Rise 25.1% Y/Y - Table

Dec 29, 2008, 6:21:09 PMArticle by Iva Doneva
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SOFIA (Bulgaria), December 29 (SeeNews) -  The assets of Bulgarian commercial banks totalled some 68.78 billion levs ($50.2 billion/35.2 billion euro) at the end of November, up 25.1% from a year earlier, central bank data showed.

Bulgarian Banks End-Nov Assets Rise 25.1% Y/Y - Table

End-month details follow (in millions of levs):

November'08 October'08 November'07
LOANS AND RECEIVABLES (INCLUDING FINANCIAL LEASES) 55,130.019 55,292.741 42,072.578
- Debt instruments 5.054 5.024 16.074
- Loans and advances 55,124.965 55,287.717 42,056.504
TOTAL ASSETS 68,775.363 68,611.324 54,957.565
FINANCIAL LIABILITIES MEASURED AT AMORTISED COST 60,185.972 60,095.636 48,132.521
- Total deposits 56,283.200 56,271.337 45,608.620
- Deposits from credit institutions 15,947.425 15,325.290 9,018.483
- Deposits (other than from credit institutions) 40,335.775 40,946.047 36,590.137
TOTAL EQUITY 7,690.783 7,598.661 6,044.957
BULGARIAN BANKS' NET PROFIT 1,318.240 1,216.969 1,048.151

The biggest Bulgarian bank by assets at the end of November was UniCredit Bulbank, the Bulgarian unit of Italian banking group UniCredit, formed after the merger of its domestic units, Bulbank, HVB Bank Biochim and Hebros Bank. The runner-up was DSK Bank, owned by Hungarian banking group OTP, followed by United Bulgarian Bank, majority-owned by the National Bank of Greece.

Bulgaria has 24 domestically-registered banks and six branches of foreign lenders.

(1 euro=1.95583 Bulgarian levs)

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