May 31 (SeeNews) - Bulgaria’s First Investment Bank (Fibank) [BUL:5F4] said its consolidated net profit decreased to 21.8 million levs ($14 million/12.5 million euro) in the first quarter, from 26.7 million levs in the like period of 2016 on lower net interest income.
Fibank's consolidated net interest income fell to 64.2 million levs in January-March from 80.6 million levs in the corresponding period last year, it said in a bourse filing late on Tuesday.
Net fee and commission income edged up to 21.4 million levs in January-March, from 21.0 million levs in the same period last year.
Total revenues from banking operations dropped to 94 million levs in the first quarter, from 107.8 million last year.
The bank’s total assets slightly increased to 9.1 billion levs at the end of March, up from 9.08 billion levs at end-2016.
Fibank shares were traded 2.72% higher at 5.629 levs by 10:30 CET on the Bulgarian Stock Exchange on Monday as 300 units changed hands.
Fibank was the third largest lender in Bulgaria in terms of assets as at end-March, according to Bulgarian central bank figures.
(1 euro=1.95583 levs)
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