In 2016, the bank’s losses were 44% lower versus 2015.
Operating income fell 27% to RON85 million, while operating expenses decreased by 14% to RON115.9 million.
The finalization of the merger between Banca Comerciala Carpatica and Patria Bank (former Nextebank), scheduled for February 1, was postponed because Bucharest Court rejected the merger earlier in January.
Late November 2016, the central bank approved the merger through absorption between Banca Comerciala Carpatica, as absorbing bank, and Patria Bank.