November 2 (SeeNews) - Bulgarian blue-chip Corporate Commercial Bank (Corpbank) reported 42.9 million levs ($32.4 million/21.9 million euro) in net profit for the first nine months of 2009, 39.7% up on the year and 2.5% above plan.
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)