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Greece's Eurobank EFG Bulgarian Unit Raises 9-Mo Net Profit 83% - Table

Oct 31, 2008, 12:35:22 PMArticle by Vladimir Petrov
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October 31 (SeeNews) - Eurobank EFG Bulgaria, majority-owned by Greece's Eurobank EFG group, reported on Friday an 83% yearly rise in its net profit through September to 78 million levs ($51.2 million/39.8 million euro).

Greece's Eurobank EFG Bulgarian Unit Raises 9-Mo Net Profit 83% - Table

Following are figures from Eurobank EFG Bulgaria's income statement (in millions of levs):

Jan-Sept'08 Jan-Sept'07
NET PROFIT 78 42.628
TOTAL LOANS 3,675 2,735,711
TOTAL DEPOSITS 3,976 2,006.000
TOTAL ASSETS 5,543 3,499.983

Eurobank EFG Bulgaria almost doubled its 2007 net profit to 77.2 million levs. The bank’s 2007 total assets grew by 14.5% to 4.415 billion levs. The bank plans to nearly double its net profit in 2008, its executive director Assen Yagodin told SeeNews in an interview earlier this year.

Greece's Eurobank EFG group merged its two Bulgarian units Postbank and DZI Bank last year. The new lender, Eurobank EFG Bulgaria, ranked the fifth largest Bulgarian bank in terms of assets at the end of September.

(1 euro = 1.95583 Bulgarian levs)

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