Bulgaria's CCB Cuts Jan-Sept Cons Net Profit on Drop in Revenue

Bulgaria's CCB Cuts Jan-Sept Cons Net Profit on Drop in Revenue

Bulgaria's Central Cooperative Bank (CCB) said that its consolidated net profit fell to 19.3 million levs ($11.2 million/9.9 million euro) in the first nine months of the year from 25.3 million levs in the same period of last year, following a decrease in revenue. The lender's net interest income declined to 89.5 million levs in the January-September period of 2018, compared to 97.2 million levs in the comparable period of last year, CCB said in an interim financial statement on Friday.Net fee and commission income edged down to 36.0 million levs in the review period from 36.1 million levs in the prior-year period. Operating expenses rose to 100 million levs in the first three quarters of the year from 95.9 million levs a year earlier, while net expenses for impairment for uncollectibility halved to 8.5 million levs from 16.9 million levs the year before.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.