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Oct 30, 2007 17:15 EEST
October 30 (SeeNews) - Bulgaria's Economic and Investment Bank (EIBank), majority owned by Belgian KBC, on Tuesday reported a 15.9% fall in net profit for the first nine months of the year, compared with a year earlier, to 22.6 million levs ($16.7 million/11.6 million euro).
Last month, Belgian banking and insurance group KBC bought 75% in EIBank (www.eibank.bg) for 295 million euro.
Following are figures from EIBank's balance sheet and income statement (in millions of levs) sent to the Bulgarian Stock Exchange:
* Note: Figures are not fully comparable due to different accounting standards used in the reports.
The bank was the ninth largest by assets in Bulgaria at end-August. Twenty-five locally-registered banks and branches of five foreign banks operate in the southeast European country of 7.7 million people, which joined the European Union in January.
Shares in EIBank closed at 100.1 levs on Tuesday, 0.89% lower from the previous close, in a volume of just 40 stocks. The results were announced after the close of bourse trading.
(1 euro = 1.95583 Bulgarian levs)
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