Q1’21 operating profit of Doverie United Holding increased by 118.4% YoY to BGN 8.6m in Q1’21. Total operating income of the bank came to BGN 26.6m, +12.9% YoY on 8.2% YoY growth of net interest income, 15.9% YoY growth of net F&C income and 16.6% growth of FX gains. Net insurance income also increased by 35.1% YoY as income grew faster than expenses. Note that the insurance subsidiaries offer mainly sickness insurance and the Covid-19 pandemic positively affected the sector as the coronavirus treatment is covered mainly by the National Health Insurance Fund while the treatment of most other health issues was neglected or postponed during the pandemic. Furthermore, the gross result from other business sectors improved by 16.4% YoY. Positive effect also came from the 45% decline of net financial cost. Consolidated net income grew 130.9% YoY to BGN 7.3m. The non-controlling interest was up 47.3% YoY to BGN 1.7m (Moldindconbank has 22.27% minority shareholders), which brought net income for shareholders of the mother company to BGN 5.6m (EPS of BGN 0.30), +178% YoY.