January 30 (SeeNews) - Bulgaria's First Investment Bank (Fibank) [BUL:5F4] said on Monday its non-consolidated net profit jumped to 90.1 million levs ($49.1 million/46 million euro) in 2016, from 12.5 million levs a year earlier.
The bank’s interest expenses fell to 118.7 million levs in 2016, compared to 218.3 million levs in 2015, Fibank said in an annual financial report filed with the Sofia bourse.
Fibank’s net interest income rose to 307.6 million levs in 2016, from 252.4 million levs a year earlier.
Net fee and commission income increased to 88.5 million levs in 2016, compared to 81.5 million levs in 2015.
Administrative expenses rose to 185.1 million levs in 2016, from 172.5 million levs, while impairments fell to 154.8 million levs, from 327.4 million levs.
The bank’s total assets rose to 8.85 billion levs at the end of 2016, from 8.68 million levs at end-2015.
Fibank shares closed 2.37% lower at 3.7 levs, in a turnover of 3,180 units on the Bulgarian Stock Exchange on Monday.
(1 euro = 1.95583 levs)