Following are figures from the lender's income statement filed with the Bulgarian Stock Exchange, where the bank's bonds are listed (in millions of levs):
Jan-Sept'08 | Jan-Sept'07 | ||
NET PROFIT | 54.815 | 34.642 | |
PRE-TAX PROFIT | 61.077 | 38.520 | |
NET INTEREST INCOME | 95.203 | 66.647 |
The bank's total assets rose by 18% on the year to 4.238,8 billion levs through September. Its credit portfolio grew by 16% to 2.867,5 billion levs.
Piraeus Bank Bulgaria ranked as the sixth largest bank by assets at the end of September in Bulgaria where 24 domestically-registered banks and the branches of six foreign banks operate.
The bank has said it aims to raise its market share in the corporate banking segment to 10% by the end of 2010 from 7.7% at end of 2007. It also plans to expand its network to 130 branches by the end of 2010 from the current 84.
(1 euro = 1.95583 Bulgarian levs)