April 30 (SeeNews) - Bulgaria's Texim Bank [BUL:5CP] said that its non-consolidated net profit rose to 536,000 levs ($331,800/274,000 euro) in the first quarter of 2018 from 30,000 levs in the prior-year period.
The lender's net interest income increased to 1.9 million levs in the period January-March, compared to 1.5 million levs in the like period of 2017, Texim Bank said in an interim financial statement, published on Friday.
Texim Bank's net interest income grew to 931,000 levs in the first three months of the year from 634,000 levs a year earlier.
The company's administrative expenses increased to 2.9 million levs in the review period from 2.7 million levs the year before, while amortisation costs declined to 286,000 levs from 325,000 levs.
Texim Bank's non-consolidated assets rose to 243.9 million levs at end-March from 220.0 million levs a year earlier.
Texim Bank was Bulgaria’s 20-th largest lender by assets at end-February, according to Bulgarian central bank data.
(1 euro = 1.95583 levs)