Unicredit Bulbank With Highest Profit Among Bulgarian Banks in Q1

Unicredit Bulbank posted profit in the amount of 79.6 mln leva (40.6 mln euros) in Q1 this year, which is the highest among Bulgarian banks for the period. The lender is also the national leader in terms of assets with 8.43 bln leva (4.31 mln euros), in spite of a decline by 638 mln leva (326 mln euros) since the end of 2007.
Number two is DSK Bank, which booked 58.33 mln (29.8 mln euros) leva in Q1 profit and boasts assets totaling 7.7 bln leva (3.93 mln euros).
United Bulgarian Bank's Q1 profit came to 52 mln leva (26.5 mln euros), next are Raiffeissenbank and EFG.
The five biggest banks on Bulgaria saw their market share grow slightly to 56.8% in Q1, BNB data also shows.
Just three of the 29 banks report losses for the period – these are Alpha Bank, Emporiki Bank and Texim Bank.
The total value of assets of the banking system in Bulgaria stood at 59.5 bln leva (30.4 mln euros) at the end of March. This is 0.7% up since the beginning of the year and 33.6% compared to March 2007.
The profit of the banking system in the country stood at 359 mln leva ( 183 mln euros) in Q1, which is 50.2% up compared with the respective period a year ago.
Total capital adequacy is at 14.5%, versus 13.8% in December 2007.
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