The bank’s solvency rate rose to 13.9%, from 4.9% at the end of 2015, following a capital infusion of RON98.9 million conducted by Patria Bank (formerly known as Nextebank).
The net value of granted loans fell to RON764 million, 4% below the level reported at the end of 2015, due to reduced lending activity, given that the capital infusion carried out by Patria Bank was considered in the bank’s capital starting February 2016.
”The new capital attracted by the bank will enable an increase in the lending activity in the upcoming quarters,” said Banca Comerciala Carpatica.
Household deposits total RON2.65 billion, while the loan to deposit ratio stood at 40% in March and reflects the surplus of liquidity. The total value of the bank’s assets reached RON2.9 billion at the end of March, down 3% against December 2015.
The analysis process in view of the merger between Banca Carpatica and Patria Bank were set off and the operation is to produce positive effects soon after the approval and completion of the merger.
Banca Carpatica has a market capitalization of RON215 million and its shares have decreased 5% on the stock market since the start of 2016. Patria Bank has increased its stake in Banca Comerciala Carpatica to 64%, after the completion of the mandatory takeover bid initiated at the beginning of March.