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Nov 29, 2017 18:13 EEST
SOFIA (Bulgaria), November 29 (SeeNews) – Bulgaria’s First Investment Bank (Fibank) [BUL:5F4] said on Wednesday its consolidated net profit increased to 63.9 million levs ($36.4 million/ 31.3 million euro) in the first nine months of 2017, from 59.0 million levs in the like period of last year.
Fibank's amortisation costs shrank to 59.9 million levs in the review period from 141.4 million levs in the corresponding period of 2016, the lender said in a bourse filing.
Consolidated net interest income fell to 197.8 million levs in January-September, from 244.2 million levs the year before.
Net fee and commission income rose to 76.4 million levs in the first nine months of 2017, from 65.2 million levs in the year-ago period.
Total revenues from banking operations dropped to 300.4 million levs in the period under review from 356.7 million levs in the comparable period of last year.
The bank’s total consolidated assets decreased to 8.8 billion levs at the end of September, from 9.1 billion levs at end-2016.
Fibank was the third largest lender in Bulgaria in terms of assets as at end-September, according to data of Bulgaria's central bank.
(1 euro=1.95583 levs)
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