Bulgarian American Credit Bank announced unaudited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported net interest income of EUR 792,000 against EUR 8,441,000 a year ago. Operating income was EUR 4,870,000 against EUR 11,365,000 a year ago.

Loss before tax was EUR 10,103,000 against EUR 19,603,000 a year ago. Loss for the period was EUR 9,993,000 or EUR 0.40 per basic and diluted share against EUR 19,551,000 or EUR 1.34 per basic and diluted share a year ago. Net cash from operating activities was EUR 15,984,000 against EUR 107,255,000 a year ago.

Purchases of tangible and intangible assets were EUR 1,082,000 against EUR 249,000 a year ago.