The group's net interest income rose by 12% to €39.6mn, and net fee and commission income surged by 40% to €6.5mn.
"We concluded the first quarter with a new strategy and the successful integration of INVL's asset management and life insurance business, significantly contributing to the growth of net fee and commission income and the bank's overall operating results,"
Quarter on quarter, the total loan portfolio increased by 4% to €3.05bn and the deposit portfolio grew by 3% to €3.26bn, BNS said.
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