United Bulgarian Bank reports net profit of BGN 64 million for 2010

United Bulgarian Bank reports net profit of BGN 64 million for 2010

The whole profit will be reinvested in bank's equity.

Shareholders' General Meeting of UBB decided bank's net profit for 2010 (after provisions and taxes) for the amount of BGN 63,881,100 as well as the available and not-paid profit from previous years for the amount of BGN 905,904 to be distributed to fund "Reserves" in accordance with Art. 49 of bank's Code. After profit capitalization UBB's equity reaches one billion and ninety one million leva.

Shareholders' General Meeting approved bank's financial statements for 2010 and selected the specialized audit company Deloitte Audit Ltd. for auditing UBB's financial statements for 2011.

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