BGN 9.6 mil is the profit of Bulgarian Development Bank AD (BDB) for the first half of 2009. This is 101% growth, compared to the same period last year. The profit of the lending institution for the whole 2008 is BGN 6.01 mil.
Until June 30th, 2009, the assets of BDB are BGN 822 mil. The Bank’s own capital is BGN 612 mil and the Capital Adequacy Ratio is 99.68% compared to the regulatory requirement of 12%.
The Bank’s loan portfolio reached BGN 226 mil, reporting growth of 18% for the first six months of the year. The bank takings, including long-term on-lending programs for small and medium enterprises are BGN 540 mil, compared to BGN 200 mil as at the end of 2008.
BGN 166 mil is the volume of the portfolio LGs, granted by Bulgarian Development Bank AS and its subsidiary - National Guarantee Fund to the local commercial banks for supporting SMEs.
