SOFIA (Bulgaria), November 22 (SeeNews) – Bulgaria’s Texim Bank [BUL:5CP] said on Wednesday its consolidated net profit rose to 871,000 levs ($523,800/445,300 euro) in the first nine months of 2017 from 144,000 levs in the like period of last year.
Net interest income increased to 4.7 million levs in the January-September period, compared to 4.0 million levs the year before, Texim Bank said in a statement.
Net fee and commission income grew to 2.0 million levs in the review period from 1.5 million levs a year earlier.
The lender’s administrative expenses increased to 8.7 million levs in the first nine months of 2017 from 8.0 million levs in the prior-year period.
Texim Bank’s assets rose to 228.1 million levs at end-September, compared to 199.1 million levs at end-2016.
Texim Bank was Bulgaria’s 21-st largest lender by assets at end-September, according to Bulgarian central bank data.
(1 euro = 1.95583 levs)