UniCredit Bulbank remains most successful bank by end-March
UniCredit Bulbank posted the highest profit for the first quarter (Q1) of 2010 - BGN 37, 9 million, the official statistics of the Bulgarian National Bank (BNB) shows, according to the Pari daily. Its financial result lost 35, 41% on an annual basis. United Bulgarian Bank (UBB) and DSK Bank follow with BGN 34, 7 million and BGN 32, 5 million respectively.
Corporate Commercial Bank (Corpbank), Raiffeisenbank, Piraeus Bank, First Investment Bank (Fibank), Bulgarian American Credit Bank (BACB), Central Cooperative Bank (CCB) and Bulgarian Development Bank (BDB) are also among the top 10 banks in terms of revenues for Q1 of 2010. Three of the banks have registered a growth in profit on an annual basis – Corpbank (36, 1%), UBB (23, 8%) and BDB (1,6%). BACB has registered the highest loss in profit compared to the same period of 2009 – 48, 6%. UniCredit Bulbank occupies the first position in terms of assets as well. The financial institution's assеts amounted to BGN 11, 4 billion in the end of Q1, gaining 3, 4% on an annual basis. DSK Bank is second with assets of BGN 8, 6 billion, followed by UBB and Raiffeisenbank with BGN 7, 9 billion and BGN 6, 8 billion respectively. Raiffeisenbank’s assets increased 10% on an annual basis. UBB’s assets added 5,2% for the same period.
Text source: focus-fen.net
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