Loans and deposits volume remained the same compared with the last quarter of 2014.
The lender has optimized its financing resources by an active management of retail deposit portfolio, as well as by attracting a high volume of resources from international financial institutions, such as EBRD, IFC or EIB.
The solvency level reached 18% at the end of March, above the 10% level imposed by the central bank.
Eurobank reported in Romania a profit of EUR2.3 million in the first quarter, after it posted losses in all the four quarters of last year, due to the provisions booked for non-performing loans.
In 2014, Eurobank posted losses worth EUR151.2 million and provisions worth EUR145.4 million in Romania.
The Greek bank’s assets rose to EUR3.3 billion in the first quarter, from EUR3.26 billion in September-December.
Lending increased 2% quarter to quarter, to EUR2.59 billion. In the first quarter last year, lending stood at EUR2.65 billion.
Deposits declined 3.2% quarter to quarter, to EUR1.82 billion, but rose slightly from EUR1.8 billion in the first quarter of 2014.
In Romania, Eurobank controls Bancpost (the tenth largest local bank by assets), ERB Retail Services IFN, ERB Leasing IFN, Eurobank Finance, Eurobank Securities, Eurobank Property Services, Eliade Tower (55.94%), IMO Property Investments Bucharest, IMO – II Property Investments, EFG IT Shares Services, EFG Eurolife Asigurari Generale, EFG Eurolife Asigurari de Viata, Retail Development (55.94%) and Seferco Development.