Fransabank’s consolidated net profits fell by 33 percent in the first quarter of 2012 to $22.7 million from $33.9 million in the same period of last year. Net interest income rose by 29.2 percent annually from $60.7 million in the first quarter of 2011 to $78.4 million in the same period of this year, while net fees and commission income went down by 9.2 percent year-on-year to attain $12 million in the aforementioned period of 2012. Subsequently, total operating income amounted to $104.3 million in the first quarter of 2012, up by 12.9 percent from $92.4 million in the first quarter of 2011. Total operating expenses increased by 20.1 percent annually from $50.1 million in the first three months of 2011 to $60.2 million in the first three months of 2012 of which staff expenses amounted to $38.4 million, up by 21.8 percent year-on-year, while other administrative and operating expenses totaled $18.3 million, up by 18.1 percent.  From TheDailyStar