Raiffeisenbank (Bulgaria) EAD posted a net profit of 66.97 mln leva after taxation in 2006. The profit, registered last year, represents a 50.35% increase from 2005. In one year only the bank’s assets grew 39.1% to 3.908 mln leva.

The bank’s market share by this indicator expanded to 9.26% ranking Raiffeisenbank (Bulgaria) EAD fourth among local banks in the end of 2006.

In the end of last year the bank’s credit portfolio grew by 14.3% year-on-year reaching 1.608 bln leva. Corporate and individual deposits expanded 40% to 2.379 bln leva.

In 2006 Raiffeisenbank established itself as one of the leading partners of international financial institutions in negotiating and granting midterm and long-term financial resources to finance individuals, small and medium-sized enterprises and municipalities in Bulgaria.

Raiffeisenbank (Bulgaria) negotiated credit Lines worth 305 mln euro last year. The credit line funds attracted from international financial institutions reached 155 mln euro in the end of 2006. These funds were used to finance more than 5,500 projects of Bulgarian entrepreneurs which created over 2,100 permanent jobs.

1,585 energy efficiency project of individuals worth 2.3 mln euro, 8 municipal infrastructure projects worth 22 mln euro, as well as more than 4,00 projects of corporate clients for over 90 mln euro have been financed using these funds so far.

In 2006 the number of Raiffeisenbank’s individual clients increased 48% year-on-year. The number of credit cards issued by the bank grew 43%, while the number of debit cards was up 25%. The number of ATMs, installed by the bank jumped by 62%, and the number of POS terminals grew 76%.

In 2006 Raiffeisenbank opened 37 new offices in this country, including 13 outsourced jobs in the directorates of the National Revenue Agency. Thus Raiffeisenbank’s branch network was expanded reaching 111 branches on the territory of Bulgaria.