Net financial results for the twelve months of 2011
31.01.2012 | Profit AnnouncementsBACB published its preliminary unaudited consolidated and individual financial reports as of December 31, 2011, together with the respective interim activity reports and letter to the shareholders.
Based on unaudited data at December 31, 2011, for the twelve months of 2011 BACB reported financial result as follows:
- Net loss on individual basis of BGN 38,094 thousand
- Net loss on a consolidated basis of BGN 38,366 thousand
The Bank maintained its operating profitability for 2011 in spite of the negative development in net interest income.
Further to the accrual of provisions for loan impairment in the amount of BGN 42.2 million, the Bank recorded a net loss for 2011.
For more details on these results, please use the following link BACB / For Investors / Reports and financial information / Interim Reports
