March 2 (SeeNews) - Bulgaria’s First Investment Bank (Fibank) [BUL:FIB] said its consolidated net profit decreased to 97.1 million levs ($52.6 million/49.6 million euro) in 2022 from 111.4 million levs a year earlier as a result of higher costs.
Fibank's total income from banking operations rose to 476.6 million levs last year from 434.97 million levs in 2021, the bank said in a financial statement on Wednesday.
Net interest income climbed to 296.6 million levs from 282.5 million levs, while net fee and commission income improved to 145.2 million levs from 123.5 million levs.
At the same time, the bank’s administrative costs increased to 219.3 million levs from 192.08 million levs.
Loans to customers other than banks rose to 6.82 billion levs at the end of 2022 from 6.65 billion levs a year earlier, whereas deposits grew to 11.45 billion levs from 9.97 billion levs.
Fibank remained Bulgaria's fifth-largest lender as of end of 2022, according to most recent central bank data.
As at 1448 CET on Thursday, shares in Fibank traded flat at 2.28 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)
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