Bulgaria's Corpbank Jan-Sept Net Profit Rises 39.7% to 21.9 Mln Euro

The bank's return on equity rose to 24.01% at the end of September, from 23.38% a year earlier, it said in a statement. Its return on assets increased to 2.67% from 2.4%.

Corpbank's net credit portfolio, after provisions for depreciation, totalled 1.345 billion levs at the end of September. Deposits totalled 1.702 billion levs. Non-performing loans had a 0.47% share of Corpbank's credit portfolio and its assets totalled 2.043 billion levs at the end of September.

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

(1 euro = 1.95583 Bulgarian levs)