25.01.2008Financial 2007 – Among Most Successful for Municipal Bank AD

The results achieved came as a result of the trust built with customers and the professionalism established. The total assets exceeded BGN 1,000 million at the year-end growing by 60%, with a growth by 61% in the funding attracted from non-financial institutions. The Bank is a proven partner and leader in the financial servicing of municipalities and public sector structures. The Bank has surpassed the performance of the banking system along these indicators. In a dynamic market environment Municipal Bank AD maintained a stable increase in the loans provided, in compliance with the policy of the Bulgarian National Bank. The structure of the assets and liabilities has allowed the Bank to take maximum advantage of the rise in interest levels on the market and the drop in liquidity in the banking system last year. The profit realized was above BGN 15 million marking four-time growth against the preceding year. The Bank assesses the possibilities for sustained development ahead of the financial sector in Bulgaria and continues its successful cooperation with first rate foreign financial institutions. Expansion of the branch network, supplementing of the product portfolio and reaching an even higher market position have been planned for this year.