March 5 (SeeNews) - Bulgaria's Central Cooperative Bank [BUL:CCB] said its consolidated net profit surged to 86.9 million levs ($48 million/44.4 million euro) last year from some 38.7 million levs in 2022.
The lender's net interest income leapt by 43% year-on-year to 193.9 million levs in 2023, CCB said in a financial statement last week. Net fee and commission income fell to 57.4 million levs from 58.1 million levs.
Total after-tax comprehensive income stood at 110.5 million levs in the review period against some 35 million levs the previous year.
Meanwhile, operating expenses widened to 164.3 million levs from 157 million levs.
Loans and advances to customers declined to 3.26 billion levs at the end of last year from 3.27 billion levs at the end of 2022, while deposits grew to 7.65 billion levs from 7.34 billion levs.
The bank's assets rose to 8.53 billion levs at the end of 2023 from some 8.12 billion levs a year earlier. CCB was Bulgaria’s sixth-largest lender by assets at the end of January, according to central bank data.
As of 1030 CET on Tuesday, shares in CCB traded 1.31% lower at 1.51 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)
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