The Bulgarian Development Bank Reports 20% Growth in Profit

Business » FINANCE | July 24, 2019, Wednesday // 13:26
Bulgaria: The Bulgarian Development Bank Reports 20% Growth in Profit

BGN 18.3 million in profit for the first six months of this year is reported by the Bulgarian Development Bank. The increase is 20% compared to the same period of the previous year and is a result of the activation of the credit activity, the institution announced.

The Bank's portfolio grew by 7% this semester.

2018 was the strongest in the history of the banking institution, with the largest volume of attracted funds from foreign credit institutions.

The Bank finances its activities by negotiating the attraction of resources from foreign and international credit institutions as well as investment funds.

Bulgarian Development Bank currently has 13 active contracts with 8 financial institutions. Among them is the China Development Bank (CBD), which signed a record contract for 1.5 billion euro in 2018.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: Bulgarian Development Bank, profit, China Development Bank
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria