FIBank Reports Non-Consolidated Profit of 17.67 Mln Leva As At End of April 2008

FIBank Reports Non-Consolidated Profit of 17.67 Mln Leva As At End of April 2008

In response to recent rumors, First Investment Bank today announced financial results as at end of April 2008. Non-consolidated profit stands at 17.67 mln leva (9 mln euros), which is 41.12%.

Deposits amount to 2.83 billion leva (1.4 bln euros), which is 13.81% up from April 2007.

Assets stand at 3.94 bln leva (2 bln euros), which is by 935.53 mln leva up from Jan – Apr 2007 figures.

The lender's liquidity coefficient is at 24.61%.

The capital adequacy coefficient for the period Jan – Apr is 13.57%. The bank's subscribed capital is at 428.07 mln leva (218.8 mln euros), against 291.28 mln leva (148 mln euros) on 30 April 2007. This is a 46.96% hike y/y.

The stock rose 4.61% on BSE today to an average of 7.04 leva at a turnover of 83,540 shares.

Earlier today the Bulgarian National Bank said it is closely watching the development of the banking system, including First Investment Bank.

The central bank also said it receives regular and accurate data on the banking system and firmly stated that Bulgarian banks are stable and there are no liquidity problems whatsoever on any segment.

Read more:

BNB, FIBank Management Quash Bankruptcy Rumors

Bulgarian National Bank: The Banking System in the Country is Stable

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