May 29 (SeeNews) - Bulgaria's Texim Bank [BUL:TXIM] said its consolidated net profit fell to 542,000 levs ($297,931/277,119 euro) in the first quarter of 2023 from 620,000 levs in the same period of last year.
Texim Bank's net interest income jumped by an annual 43% to 3.5 million levs in the January-March period, the lender said in an interim financial statement on Friday.
Net fee and commission income edged up to 1.4 million levs in the review period from 1.3 million levs a year earlier.
The bank's administrative expenses rose to 3.7 million levs in the first quarter from 3.2 million levs in the comparable period of 2022, whereas its amortisation costs were little changed at 935,000 levs.
The lender's assets totalled some 582 million levs at the end of March, down from 597.2 million levs at the end of last year, the statement showed.
Texim Bank ranked 17th largest among 25 banks doing business in Bulgaria as of end-March, according to central bank data.
Shares in Texim Bank last traded on Friday when they closed at 3.40 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)