April 24 (SeeNews) - Bulgaria's DSK Bank, part of Hungarian banking group OTP, said that its consolidated net profit fell to 256.3 million levs ($146.9 million/131.0 million euro) in 2018 from 294.9 million levs the year before.
DSK Bank's net operating income declined to 682 million levs last year from 714.7 million levs in 2017, the lender said in an annual financial statement on Tuesday.
The bank's net interest income decreased to 437.7 million levs from 471.1 million levs, while net fee and commission income rose to 190.6 million levs from 179.2 million levs.
Personnel expenses increased to 134.8 million levs in 2018 from 122.5 million levs the year before.
Amortisation costs fell to 37.8 million levs in the review period from 43.8 million levs in 2017.
DSK Bank's assets increased to 14.69 billion levs at the end of 2018, from 12.36 billion levs a year earlier.
DSK Bank was Bulgaria's second largest lender by assets at the end of February, according to the latest available central bank data.
Earlier this year, DSK Bank completed the acquisition of Societe Generale Expressbank, the Bulgarian subsidiary of France's Societe Generale Group, and its units Societe Generale Factoring, Sogelease Bulgaria, Regional Urban Development Fund, and Sogelife Bulgaria.
(1 euro = 1.95583 levs)
DSK Bank EAD is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here