SOFIA (Bulgaria), February 27 (SeeNews) – Bulgaria’s Texim Bank [BUL:5CP] said on Tuesday its consolidated net profit fell to 160,000 levs ($100,800/81,800 euro) in 2017 from 776,000 levs in 2016.
Net interest income increased to 6.3 million levs last year, compared to 5.5 million levs a year earlier, Texim Bank said in a statement.
Net fee and commission income grew to 2.8 million levs in the review period from 2.1 million levs in 2016.
The lender’s administrative expenses increased to 12.2 million levs in 2017 from 11.8 million levs in 2016.
Texim Bank’s total assets rose to 220.1 million levs at end-2017, compared to 199.1 million levs at end-2016.
Texim Bank was Bulgaria’s 21-st largest lender by assets at end-2017, according to Bulgarian central bank data.
(1 euro = 1.95583 levs)