Banks in Bulgaria lower combined 9-mo net profit, operating revenue

Banks in Bulgaria lower combined 9-mo net profit, operating revenue

The combined net profit of the banks operating in Bulgaria decreased to 701.3 million levs ($419.8 million/358.6 million euro) in the first nine months of 2020 from 1.27 billion levs in the same period of 2019, the country's central bank said.

The banking sector's net operating revenue fell to 3.11 billion levs in the January-September period of the year, from 3.17 billion levs in the comparable period of 2019, the Bulgarian National Bank (BNB) said in a monthly report on the performance of the country's banks, published last week.

Gross interest income of banks in Bulgaria edged down to 2.23 billion levs in the review period of 2020 from 2.30 billion levs in the first nine months of last year.

Gross fee and commission income declined to 908.5 million levs in the period under review from 985.3 million levs the year before.

The banks' total assets increased to 119.2 billion levs at the end of September, up from 111.5 billion levs a year earlier.

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