Banca Comerciala reported net profit of RON12 million in January-September last year.
The bank’s assets fell to RON3.72 billion in the first nine months, down 21% from RON4.72 billion at the end of 2012.
The lender registered operating profit of RON39 million in the first nine months of 2013, up 64% on the year. Its net operating income rose 2% to RON134 million.
The bank’s net loans balance amounted to RON1.27 billion at the end of September, up 8% compared with the end of 2012.
New loans fell 9% year-on-year to RON438 million at the end of September. Deposits increased 6% compared with end-2012 to RON2.67 billion.
The banks solvency ratio was 10.41% at the end of September and its loan-to-deposit ratio was 60%.
“We are focusing on profit consolidation, although the lending activity conditions continue to be challenging. We further state our willingness to support the Romanian business environment and viable projects, in order to place our financial resources. Now, our management team is complete and the bank’s transformation process is advancing and will reflect in our future results,” Johan Gabriels, CEO of Banca Comerciala Carpatica, said in a statement.
The bank has a network of 139 units and employs 1,100 people.
Romanian businessman Ilie Carabulea indirectly owns about 46% of the bank. One of his business partners, Corneliu Tanase, holds an 11.21% stake in the lender.
On the Bucharest stock market Wednesday, Banca Comerciala Carpatica closed up 0.74%, at RON0.685 a share. Considering this price, the bank has a market capitalization of RON215.52 million. (EUR1=RON4.4304)