Investbank Adds 2007 Income To Reserves

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Investbank Adds 2007 Income To Reserves

Shareholders in Investbank gathered at an annual meeting today.

The bank saw a significant growth in assets and profit last year.

Assets doubled from 530 mln leva (270 mln euros) in 2006 to 1.086 bln leva (555 mln euros), while profit rose from 2.007 million (1.02 mln euros) to 11.407 million leva (5.8 mln euros).

The bank opened 32 new branches and offices last year increasing their total number to 130.

Shareholders also decided to add 2007 income to Reserves. They approved the exemption from liability of the members of the Board of Directors and the Supervisory Board for their activities in 2007.

Festa Holding Jsc, Petya Slavova and Bedo Doganyan were elected as members of the Supervisory Board and KPMG was reelected an auditor.

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