May 28 (SeeNews) - Bulgaria's Texim Bank [BUL:5CP] said that it turned to a consolidated net loss of 79,000 levs ($45,000/40,000 euro) in the first three months of 2019 from a net profit of 397,000 levs in the same period of last year.
Net interest income grew to 2.2 million levs in the January-March period of the year from 1.9 million levs in the comparable period of 2018, Texim Bank said in an interim financial statement on Monday.
The lender's net fee and commission income remained flattish year-on-year at 1.1 million levs in the review period.
Net income from operations with financial assets dropped to 100,000 levs in the first three months of the year from 522,000 levs in the corresponding period of 2018.
The bank's administrative expenses edged up to 3.1 million levs in the period under review from 3.0 million levs a year earlier, while amortisation costs increased to 458,000 levs from 286,000 levs.
Net loans and advances to customers rose to 157.7 million levs in the first quarter from 145.5 million levs the year before, while deposits from clients other than financial institutions increased to 254.0 million levs from 238.4 million levs.
Texim Bank was Bulgaria's 20th largest lender by assets at the end of March, according to central bank data.
(1 euro = 1.95583 levs)