August 30 (SeeNews) - In Sofia story "Bulgarian Fibank's Q1 profit falls on lower net interest income," please read in the headline "Bulgarian Fibank's H1 profit falls on lower net interest income" (corrects time period).
Please note that the body of the text remains unchanged:
Bulgaria’s First Investment Bank (Fibank) [BUL:5F4] said on Wednesday its consolidated net profit fell to 43.5 million levs ($26.2 million/22.5 million euro) in the first half, from 96.5 million levs in the like period of 2016 on lower net interest income.
Fibank's consolidated net interest income shrank to 130.3 million levs in January-June from 168.2 million levs in the corresponding period last year, the lender said in a bourse filing.
Net fee and commission income rose to 51.15 million levs in January-June, from 42.2 million levs in the same period of 2016.
Total revenues from banking operations dropped to 194.25 million levs in the first half, from 250.4 million last year.
The bank’s total assets decreased to 8.9 billion levs at the end of June, up from 9.1 billion levs at the end of 2016.
Fibank was the third largest lender in Bulgaria in terms of assets as at end-June, according to Bulgarian central bank figures.
(1 euro=1.95583 levs)
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