Carpatica forecasts a net profit of 17 million lei (EUR3.9 million) in 2012. The projections for this year are based on the international accounting standards IFRS, which became mandatory in the local system in January.
In 2011, the bank reported a loss of around RON32 million, significantly narrower from RON154.4 million in the previous year. The figures were calculated under local accounting standards.
Carpatica estimates total revenue will reach RON531 million (EUR121.4 million) in 2012, while overall costs are envisaged at RON514 million (EUR117.5 million).
The lender expects corporate loans will increase to EUR110 million in 2012, from EUR67.5 million a year earlier. Household loans are poised to grow by 30% to EUR17 million.
Carpatica’s revenue and expenditure budget for 2012 is pending shareholder approval at a meeting due April 29.
The bank has a share capital of RON314.6 million, split into 3.146 billion shares with a face value of RON0.1.
Ilie Carabulea is Banca Carpatica’s largest shareholder with a 46% stake, while his associate Corneliu Tanase owns the second-largest stake, of 11.2%.
At around 15:30 Thursday afternoon, Carpatica traded up 0.93% at RON0.0545 a share. (EUR1=RON4.3741)