Corporate Commercial Bank /CORP/ reported 8.8% better-than-expected H1’09 net profit of BGN 29m (up 43% YoY). Improvements in total operating income and still significantly below the industry average provisioning level of 0.6% contributed for the annual increase in the bottomline. The deposit base of BGN 1.65bn decreased by 9% YtD due to outflows from corporate clients offset to a certain extent by an increase in retail deposits. As regards profitability ratios CORP reported NIM, YtD C/I and ROE of 4.0% (down 70bps YoY), 34% (down 6pp YoY) and 22% (up 2pp YoY), respectively. The capital adequacy ratio came in at nearly 14% and highly liquid asset covered by 28% total liabilities.