Monday, 15 Jun, 2009 20:09 | No Comment
The Bulgarian-American Credit Bank (BACB) is the most effective bank in Bulgaria for 2009, according to the competent opinion of the British magazine Finance Central Europe.
The financial institution ranks first in the magazine rankings for …
Friday, 8 May, 2009 13:01 | No Comment
The main interest percentage defined by the Bulgarian national bank dropped suddenly on May 1st to 2,27%. In April it was 3,53%/
The decrease is with 1.26%.
That way, the main interest percentage goes to it’s lowest …
Sunday, 12 Apr, 2009 14:09 | No Comment
For the first time in it’s history, the Bulgarian national bank (BNB) opened it’s doors for free access of citizens. The event marks the 130th anniversary of the founding of the institution.
Bulgaria s BACB lowers 2020 cons net profit on rise in impairments Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.
SOFIA (Bulgaria), February 1 (SeeNews) - Sofia-based lender Bulgarian-American Credit Bank (BACB) [BUL:5BN] said on Monday that its consolidated net profit fell to 12 million levs ($7.4 million/6.1 million euro) in 2020 from 15 million levs in 2019.
BACB s result was hurt by impairment costs, which roughly doubled to 9.7 million levs last year, the lender said in an annual financial statement.
Net interest income rose by 2 million levs to 42.1 million levs, while net fee and commission income edged down 342,000 levs to 9.65 million levs.
Personnel costs and administrative expenses remained almost unchanged year-on-year at 11.7 million levs and 16.3 million levs, respectively.
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