April 29 (SeeNews) - Bulgaria’s First Investment Bank (Fibank) [BUL:FIB] said on Friday that its standalone net profit increased to 13.2 million levs ($7.1 million/6.7 million euro) in the first quarter of 2022 from nearly 13 million levs the year before.
Fibank's income from banking operations went up to 101.7 million levs in the January-March period of 2022 from 89.6 million levs in the same period of 2021, the lender said in a financial statement.
Net interest income went up to 66.5 million levs from 59.3 million levs, while net fee and commission income rose to 28.2 million levs from 24.9 million levs.
The bank's administrative expenses increased to 51.9 million levs from over 44 million levs.
Loans to customers other than banks edged down to 6.28 billion levs at the end of March from 6.3 billion levs a year earlier, while deposits rose to 9.7 billion levs from 9.4 billion levs.
Fibank was Bulgaria's fifth-largest lender among 25 licensed banks and branches of foreign banks at the end of March, according to central bank data.
(1 euro = 1.95583 levs)
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