April 25 (SeeNews) - Bulgaria’s Central Cooperative Bank [BUL:CCB] said its standalone net profit leapt to 29.1 million levs ($15.9 million/14.9 million euro) in the first quarter of 2024 from 21.5 million levs a year earlier.
CCB's net interest income surged to 52.8 million levs in January-March from 39.5 million levs in the prior-year period, whereas net fee and commission income went down to 12.1 million levs from 12.9 million levs, the company said in an interim financial statement on Wednesday.
Total after-tax comprehensive income amounted to 30.4 million levs in the review period compared to some 24 million levs in the first three months of 2023.
Loans and advances to customers declined to 3.01 billion levs at the end of March from 3.02 billion levs at end-2023, while customer deposits climbed to 7.51 billion levs from 7.33 billion levs, the lender said.
The bank's total assets stood at 8.40 billion levs at end-March, up from 8.19 billion levs at the end of last year. CCB was Bulgaria's sixth-largest lender by assets at the end of February, according to the most recent central bank data.
Shares in CCB last traded on Monday when they closed at 1.49 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)
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