The bank’s assets rose 29% to RON3.78 billion, from RON2.93 billion at the end of 2010.

Revenue dropped 19.48% on the year, to RON603.36 million, while expenditure narrowed by 29.75%, to RON634.86 million.

The loan to deposit ratio reached 49.02%, while the immediate liquidity ratio stood at 35.14%.

The solvency ratio at the end of the year stood at 11.73%, higher than the limit imposed by the central bank.

At the end of December, the bank had a debt of RON1 billion, and receivables of RON10.04 million.

Banca Comerciala Carpatica holds a network of 155 units, formed of 57 branches, 83 agencies and 15 working points.

The bank is controlled by businessman Ilie Carabulea with a 41.28% stake, while one of Carabulea’s associates, Corneliu Tanase, holds 11.21%. Another shareholder is Alin Albu, with a 5% stake.

Banca Carpatica shares opened Thursday at RON0.0539, down 3.75% on the day. (EUR1=RON4.3467)