November 3 (SeeNews) - Bulgaria’s Central Cooperative Bank [BUL:CCB] said that its attributable profit dropped to some 25.5 million levs ($12.75 million/13.03 million euro) in the first nine months of 2022 from 29.3 million levs in the same period of last year.
The company’s performance was hurt by a 3.1 million levs foreign exchange loss in the review period, which compares to a gain of 87,000 levs from currency exchange operations in the prior-year period, CCB said in an interim financial statement published last week.
Net interest income rose to 96.6 million levs in the first three quarters of the year from 87.4 million levs in the comparable period of 2021, while net fee and commission income increased to 54.2 million levs from 47.5 million levs.
The bank’s operating expenses added 8% on the year to 102.1 million levs.
Loans and advances to customers grew 9.71% year-on-year reaching 3.08 billion levs at the end of September, while deposits grew to 6.87 billion levs from 6.36 billion levs.
CCB’s assets rose to 7.61 billion levs at the end of September from 7.12 billion levs a year earlier.
CCB was Bulgaria’s seventh largest lender by assets at the end of September, according to central bank data.
Shares in CCB closed flat at 1.62 levs on Wednesday.
(1 euro = 1.95583 levs)
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