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Bulgaria's BDB 9-mo cons net profit falls 32%

Nov 30, 2012, 5:05:57 PMArticle by Velizar Uzunov
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November 30 (SeeNews) - Bulgarian Development Bank (BDB) said on Friday its consolidated net profit fell 32.3% on the year to 21 million levs ($13.9 million/10.7 million levs) in the first nine months of 2012.

Bulgaria's BDB 9-mo cons net profit falls 32%

Consolidated net interest income dropped to 47.5 million levs in January-September from 49.9 million levs in the same period last year, majority state-owned BDB said in a statement to the Sofia bourse.

Total assets decreased to 1.69 billion levs at end-September from 1.89 billion levs at the end of 2011.

BDB (www.bdbank.bg), in which the government holds a stake of 99.97%, was the 13th largest bank in terms of assets in Bulgaria at the end of September, among 24 Bulgarian lenders and seven branches of foreign banks.

(1 euro=1.95583 Bulgarian levs)

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