Italy’s UniCredit Group said on Thursday the consolidated profit of its Bulgarian operations fell by 0.3% year-on-year to 30 million euro ($35.6 million) in the first quarter of 2018.
Net interest income fell by 5.6% to 71 million euro in the first three months of the year, while net fees and commissions added 5.8% to 30 million euro, according to UniCredit Group’s Q1 2018 financial report.
Operating income fell by 0.3% on the year to 117 million euro in January-March.
UniCredit Group’s operations in Bulgaria includes UniCredit Bulbank and UniCredit Leasing.
UniCredit Bulbank was Bulgaria’s largest bank by assets as of end-March 2018, according to central bank data.