Banks in Bulgaria grow combined 2-mo net profit

Banks in Bulgaria grow combined 2-mo net profit

The combined net profit of the banks operating in Bulgaria increased to 169.1 million levs ($101.7 million/86.5 million euro) in the first two months of 2021 from 154.9 levs in the same period of 2020, the country's central bank said.

The banking sector's net operating income rose to 659.8 million levs in the January-February period of 2021 from 564.8 million levs in the same period of 2020, the Bulgarian National Bank (BNB) said in a monthly report on the performance of the country's banks, published earlier this week

Gross interest income of banks in Bulgaria decreased to 486.1 million levs from 505.2 million levs, while gross fee and commission income edged up to 209 million levs from 208.1 million levs.

The banks' total assets increased to 125.8 billion levs at the end of February, up from 114.8 billion levs a year earlier.

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