HVB Bank Biochim and Hebros Bank, part of UniCredit Group, posted a combined profit of BGN 35m in the first quarter of 2006. Together with UniCredit-owned Bulbank, HVB Bank Biochim and Hebros Bank are undergoing an integration procedure due for completion in the second quarter of 2007 with the creation of Bulgaria's biggest bank. At the Biochim annual general meeting Tuesday, the shareholders decided to reinvest last year's BGN 18.2m profit. Biochim's assets rose 45% to BGN2.82b in 2005, it was announced at the AGM. The combined assets of Biochim and Hebros Bank stood at BGN 3.7b in late 2005, giving them a market share of 10%. Biochim and Hebros Bank are among the nation's top 3 corporate and retail lenders with market shares of 11.7% and 9.5%, respectively.