The bank targets an ample restructuring process for 2016, aiming to cut operating expenses by 15% to RON115 million, and re-launch lending.
In the first quarter of 2016, the lender registered a net loss of RON8.9 million, from a profit of RON650,000 in the year-earlier period.
The total value of the bank’s assets reached RON2.9 billion at the end of March, down 3% against December 2015.