July 28 (SeeNews) - Bulgarian-American Credit Bank (BACB) [BUL:5BN] said on Friday its consolidated net profit rose to 4.6 million levs ($2.8 million/2.3 million euro) in the first half of 2017, from 4.0 million levs in the like period of last year.
Net interest income rose to 13.9 million levs in the January-June period, compared to 13.1 million levs in 2016, BACB said in a bourse filing.
Net fee and commission income edged down to 2.58 million levs in the review period from 2.64 million levs.
Administrative expenses rose to 11.1 million levs from 10.2 million levs, while amortization costs edged down to 740,000 from 764,000.
The bank’s total assets increased to 1.21 billion levs as of end-June, compared to 1.01 billion levs at end-December 2016.
BACB was the 17th largest lender in terms of assets in Bulgaria as of end-May, according to data from the country's central bank.
(1 euro = 1.95583 levs)
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