In the first three months of 2013, Banca Carpatica posted a net profit of RON8.5 million.

The bank said new loans rose 16% year-on-year to over RON141 million in the first quarter of 2013, bringing the total portfolio to RON1.24 billion.

Net revenues from fees increased by 11.5% to RON8.08 million.

End-march, the bank had assets worth RON3.67 billion, down 22% from RON4.75 billion in December 2012.

Banca Comerciala Carpatica operates 130 units on the local market. Romanian businessman Ilie Carabulea is the bank’s largest stockholder, with a 46% stake.

Tuesday, Carpatica closed up 0.38% at RON0.0527 a share. (EUR1=RON4.3311)