The bank’s net loss is lower by RON7.7 million than the loss envisaged in the budget approved by the company, due to costs with loan loss provisions lower by RON5.5 million and to recoveries of written-off loans, higher by RON1.7 million than the budgeted level, according to the report.
Its net operating income stood at RON42.7 million in the first half of 2016, lower by nearly 26% compared with RON58 million in the same period a year ago. The bank’s operating expenses reached RON68.7 million in January-June, lower by 6% than in the year-earlier period. Loans to clients saw a decrease of 13%, compared with the end of 2015.
The balance of written-off loans reached RON428 million on June 30, 2016.
Banca Carrpatica had 100 units on June 30, 2016 (113 units in December 2015).