January 31 (SeeNews) - Bulgaria’s First Investment Bank (Fibank) [BUL:FIB] said that its standalone net profit fell to 80.3 million levs ($44.5 million/41.1 million euro) in 2022 from 100.08 million levs in 2021.
Fibank's total income from banking operations increased to 443.2 million levs last year from 408.8 million levs in 2021, the lender said in a financial statement on Monday.
Growth was driven by net interest income, which advanced to 270.7 million levs from 263.1 million levs. In addition, net fee and commission income climbed to 139.5 million levs from 118.9 million levs.
At the same time, Fibank’s administrative costs expanded to 205.09 million levs from 179.4 million levs.
Loans to customers other than banks increased to 6.38 billion levs at the end of 2022 from 6.32 billion levs a year earlier, while deposits grew to 10.8 billion levs from 9.4 billion levs.
Fibank remained Bulgaria's fifth-largest lender as at end of November, according to most recent central bank data.
As at 1034 CET on Tuesday, shares in Fibank traded flat at 2.36 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)
First Investment Bank AD is among the biggest banks in SEE, for more reference take a look at Top 100 banks