Bulgaria's Corpbank 7-mo Pre-tax Profit Rises 44% to 17.3 Mln Euro

Corpbank's assets totalled 1.978 billion levs at the end of July, up by an annual 12.4%, the bank's financial statement filed with the Bulgarian Stock Exchange showed.

The lender said its credit portfolio reached 1.43 billion levs at the end of July, up from 1.37 billion a year earlier. The bank's deposit portfolio rose to 1.65 billion levs from 1.58 billion levs at the end of July 2008.

Corpbank (www.corpbank.bg), 30%-owned by an Omani-controlled company, was the ninth largest bank by assets in Bulgaria at the end of June, according to the latest available data. Twenty-four locally-registered banks and the branches of six foreign lenders operated in the country at the end of June.

Corpbank shares inched up 0.71% to 52.00 levs on Friday in a volume of 374 shares. The statement was published after the end of trading hours.

(1 euro=1.95583 Bulgarian levs)