November 30 (SeeNews) - Bulgaria’s First Investment Bank, or Fibank, [BUL:FIB] said that its consolidated net profit decreased to 58.7 million levs ($31.08 million/30.01 million euro) in the first nine months of 2022 from 60.2 million levs a year earlier.
Fibank's total income from banking operations rose to 346.1 million levs in the January-September period from 310.5 million levs a year earlier, the lender said in an interim financial statement on Tuesday.
The bank booked net interest income of 211.7 million levs in the review period, up from 201.9 million levs. In parallel, net fee and commission income rose to 108.5 million levs from 88.4 million levs.
However, the bank's administrative expenses expanded to 165.6 million levs from 142.9 million levs. Meanwhile, impairment costs grew to 94.9 million levs from 85.7 million levs.
Outstanding loans to clients increased to 6.8 billion levs at the end of September from 6.65 billion levs at the end of 2021. At the same time, deposits went up to 11.07 billion levs from 9.97 billion levs.
The bank’s consolidated assets grew to 13.1 billion levs at the end of September from 11.9 billion levs at the end of 2021.
Fibank was the fifth-largest lender by assets in Bulgaria at the end of September, according to central bank data.
As at CET 1153 on Wednesday, shares in the bank traded 5.68% higher at 1.86 levs at the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)
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