Corporate Commercial Bank's 1Q Profit At 5.25 Mln Leva

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Corporate Commercial Bank's 1Q Profit At 5.25 Mln Leva

Corporate Commercial Bank posted a net profit in the amount of 5.25 mln leva (0.875 leva per share) for 2007 first quarter compared with 569,000 leva a year ago.

Revenues from interest in the period stand at 16.23 mln leva against 8.63 mln leva for the respective period last year. Other revenues are at 1.79 mln leva, up from 916,000 in 2006 1Q.

Towards 31 March 2007 the bank's assets stood at 1.111 bln leva compared with 675.7 mln leva last year.

Credits and borrowings (including financial leasing) for the period amount to 737 mln leva while financial passives stand at 1.03 bln leva.

The bank has a core capital of 60 mln leva allocated in 6 mln shares with a face value of 10 leva and its shared capital stands at 80.35 mln leva according to 1Q data.

Trade with the bank's stock will start on BSE on June 18.

The bank held an IPO this May in which 1 mln shares were transferred at 58.50 leva /share.

Bromak Ltd is the principal shareholder in the bank controlling 57.8% of its capital.

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