May 31 (SeeNews) - Bulgarian lender Central Cooperative Bank (CCB) [BUL:CCB] said that its consolidated net profit rose to 12.5 million levs ($7.8 million/6.4 million euro) in the first quarter of 2021 from 10 million levs in the same period of 2020.
CCB's net interest income fell to 28 million levs in the reporting period from 28.9 million levs in the comparable quarter of 2020, the lender said in an interim financial statement, published on Friday.
The bank's net fee and commission income edged up to 12.1 million levs from 11.7 million levs the year before.
CCB's result was positively affected by a foreign exchange gain of 242,000 levs in the first quarter of 2021, compared to a foreign exchange loss of 7.2 million levs in the prior-year period.
The company's operating expenses increased slightly, to 29.8 million levs from 29.3 million levs.
Loans and advances to customers rose to 2.83 billion levs at the end of March from 2.78 billion levs at the end of 2020, while deposits from customers grew to 6.43 billion levs from 6.19 billion levs.
The bank's assets increased to 7.16 billion levs at the end of March from 6.93 billion levs at the end of 2020.
CCB was Bulgaria's seventh largest lender by assets in the country at the end of March, according to central bank data.
As at 15:00 CET on Monday, shares in CCB traded 3.13% lower at 0.93 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)
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