Credits grew by 5.1% since the beginning of the year to 620.5 million leva (317 mln euros).
On 31 March 2008 return on capital stood at 36.2%, which is 38.8% down from last year. The bank reports additional expenses in the amount of 1 mln leva.
BACB's capital adequacy coefficient is 14.03%.
The non-consolidated results were also released today. They point at a 34.3% hike in profits to 14.519 mln leva (7.4 mln euros) in Q1.
BACB has made an agreement with a syndicate of nine banks for a syndicated loan in the amount of 32 mln euros. The bank will use the funds to finance its activity. The loan maturity is two years.
The supervisory board will make a proposal to allocate 18.94 mln leva, 9.6 mln euros (1.5 leva/share) of 2007 earnings for dividend distribution. The proposal is to be voted by the general meeting of shareholders.
At the end of February Bulgarian-American Investment Fund (BAIF) sold 49.99% of the capital (6,311,000 shares) in the bank to Allied Irish Banks, plc.
BAIF will pocket 216 196 551.85 euros from the deal (67 leva per share).
Just 5 shares changed hands today on BSE at an average of 68 leva.