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Bulgaria's Central Cooperative Bank Jan-Sept Net Profit Falls 44.7% Y/Y - Table

Oct 30, 2008, 1:08:51 PMArticle by Iva Doneva
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October 30 (SeeNews) - Bulgaria's Central Cooperative Bank (CCB) said on Thursday its net profit fell 44.7% on the year to 10.2 million levs ($6.8 million/5.2 million euro) in the first nine months of 2008.

Bulgaria's Central Cooperative Bank Jan-Sept Net Profit Falls 44.7% Y/Y - Table

Following are details from the bank's income statement filed with the Bulgarian Stock Exchange (in million of levs):

Jan-Sept'08 Jan-Sept'07 2007
NET PROFIT 10.247 18.525 20.094
NET INTEREST INCOME 47.310 38.891 58.164
DEPOSITS 1,409.1 1,277.0 1,327.2
NET LOANS 919.712 883.267 656.030
TOTAL ASSETS 1,651.0 1,416.4 1,566.9

The lender was Bulgaria's 11th largest bank in terms of assets at the end of September. It had 51 branches and 200 offices at the end of last year, according to the latest available data.

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

Shares of CCB, part of the blue-chip index of the Sofia bourse, were traded at 1.26 levs by 1053 GMT on Thursday, 10% lower on their previous close.

(1 euro = 1.95583 Bulgarian levs)

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