ProCredit Bank (Bulgaria) Posts 2007 Profit In The Amount of 10.5 Mln Leva
Last year ProCredit Bank gave 43,000 credits boosting its credit portfolio by 45% to 859 mln leva (439 mln euros).
The bank's net profit came to 10.5 million leva (5.3 mln euros), which is 17% up y/y. Return on capital stands at 20%.
At the end of 2007 the bank's assets reach 1.071 million leva, which is 33% versus 2006.
Deposits by citizens and companies amounted to 609 million leva (311 mln euros), which is 41% up from 2006. The number of small and medium enterprises using the bank's services grew by 24% to 58,000.
Since its establishment on 15 October 2001, ProCredit Bank has provided loans in the amount of 2.3 bln leva. The banks has more than 156,000 clients.