NEW BANKS IN BULGARIA
Bulgarian National Bank (BNB) has updated the list of lending institutions licensed to operate in other EU members states. BNB added those wanting to operate in Bulgaria, the banks press centre said. Three banks and two electronic money companies informed the BNB banking supervision department about their plans: ING Bank NV (the Netherlands), Bayerische Hypo- und Vereinsbank AG (Germany) and CIT Bank Limited (UK). The electronic money companies are FirePay UK Ltd and Google Payment Limited, both from the UK. A list of the lending institutions licensed in other EU countries, which said they would operate in Bulgaria, is posted on the BNB website, Bulgarian news agency BTA reported on April 17.
BULGARIAN AMERICAN CREDIT BANK
During the first three months of 2007, Bulgarian American Credit Bank earned a profit of 5.8 million euro 45 per cent more compared with the first three months of 2005. The banks assets increased to 264.4 million euro, 211.2 million euro of which is from credits. During the past three months the profit of the bank increased with 9.3 per cent compared to 2006 growth of 36.1 per cent.
BEST CEE BANK
For the fifth time the prestigious Global Finance magazine awarded Raiffeissen Centralbank Austria together with Raiffeisen International Bank Holding as "The best bank in Central and Eastern Europe for 2007", Focus news agency reported on April 17.
RAIFFEISEN LEASING
Raiffeisen Leasing and Raiffeisen Auto Leasing doubled their market position figures with regard to their assets on January 1 2007, Focus news agency reported on April 18. In just a year, their market share has increased from 4.15 per cent up to eight per cent, according to Bulgarian National Bank and the State Leasing Association data. New business accounted for 10.91 per cent of the total number of deals in terms of purchasing price. In early 2007, assets of the two companies ran up to 204 million leva. Raiffeisen Leasing and Raiffeisen Auto Leasing have nine registered branches countrywide.
JET FINANCE
Jet Finance International, the US-owned consumer credit company, posted a net profit of 9.97 million leva for 2006, up a hefty 72.5 per cent over the previous year, the online English-language edition of Dnevnik reported on April 18. The credit portfolio of the company totalled 103.32 million leva at the end of 2006 while assets were 214 million leva. Loans granted in 2006 alone amounted to 168 million leva. Jet Finance plans to double the number of its offices from a current 12.
LITHUANIAN BANK
Lithuanias largest bank Seb Vilniaus Bankas earned 72 000 leva from trade in shares of Polimeri chemical plant in Bulgaria. The bank bought 9600 shares in Polimeri on December 20 2005, raising its stake in the company from 4.9 to 5.08 per cent. The deal was estimated at 52 000 leva, 5.42 leva per share. Seb Vilniaus Bankas sold nearly 10 000 shares in Polimeri in the beginning of April 2007 at an average price of 12.58 leva per share reducing its stake in the company to 4.87 per cent. The deal is estimated at 125 000 leva, which means that the bank earned 72 000 from the trade.
Bulgarian National Bank (BNB) has updated the list of lending institutions licensed to operate in other EU members states. BNB added those wanting to operate in Bulgaria, the banks press centre said. Three banks and two electronic money companies informed the BNB banking supervision department about their plans: ING Bank NV (the Netherlands), Bayerische Hypo- und Vereinsbank AG (Germany) and CIT Bank Limited (UK). The electronic money companies are FirePay UK Ltd and Google Payment Limited, both from the UK. A list of the lending institutions licensed in other EU countries, which said they would operate in Bulgaria, is posted on the BNB website, Bulgarian news agency BTA reported on April 17.
BULGARIAN AMERICAN CREDIT BANK
During the first three months of 2007, Bulgarian American Credit Bank earned a profit of 5.8 million euro 45 per cent more compared with the first three months of 2005. The banks assets increased to 264.4 million euro, 211.2 million euro of which is from credits. During the past three months the profit of the bank increased with 9.3 per cent compared to 2006 growth of 36.1 per cent.
BEST CEE BANK
For the fifth time the prestigious Global Finance magazine awarded Raiffeissen Centralbank Austria together with Raiffeisen International Bank Holding as "The best bank in Central and Eastern Europe for 2007", Focus news agency reported on April 17.
RAIFFEISEN LEASING
Raiffeisen Leasing and Raiffeisen Auto Leasing doubled their market position figures with regard to their assets on January 1 2007, Focus news agency reported on April 18. In just a year, their market share has increased from 4.15 per cent up to eight per cent, according to Bulgarian National Bank and the State Leasing Association data. New business accounted for 10.91 per cent of the total number of deals in terms of purchasing price. In early 2007, assets of the two companies ran up to 204 million leva. Raiffeisen Leasing and Raiffeisen Auto Leasing have nine registered branches countrywide.
JET FINANCE
Jet Finance International, the US-owned consumer credit company, posted a net profit of 9.97 million leva for 2006, up a hefty 72.5 per cent over the previous year, the online English-language edition of Dnevnik reported on April 18. The credit portfolio of the company totalled 103.32 million leva at the end of 2006 while assets were 214 million leva. Loans granted in 2006 alone amounted to 168 million leva. Jet Finance plans to double the number of its offices from a current 12.
LITHUANIAN BANK
Lithuanias largest bank Seb Vilniaus Bankas earned 72 000 leva from trade in shares of Polimeri chemical plant in Bulgaria. The bank bought 9600 shares in Polimeri on December 20 2005, raising its stake in the company from 4.9 to 5.08 per cent. The deal was estimated at 52 000 leva, 5.42 leva per share. Seb Vilniaus Bankas sold nearly 10 000 shares in Polimeri in the beginning of April 2007 at an average price of 12.58 leva per share reducing its stake in the company to 4.87 per cent. The deal is estimated at 125 000 leva, which means that the bank earned 72 000 from the trade.
