The cost/revenue indicator rose by 17 percentage points to 69%.
The non-performing loan (NPLs) rate continued to improve, on both the retail and the corporate sectors. The share of NPLs in the overall portfolio fell to 16.3% in the first six months of 2015, from 21% in the same period a year ago, after the bank had cleaned up its balance sheet in the last quarter of 2014, Bancpost said in a statement.
The volume of loans and deposits remained constant and the loan-to-deposit ratio stayed at 87%.
The lender optimized its financing sources by actively administrating the retail deposit portfolio and by attracting resources from the International Financial Institutions (the European Bank for Reconstruction and Development -EBRD, the International Finance Corporation- IFC, and the European Investment Bank -EIB).
In Romania, Eurobank controls Bancpost, ERB Retail Services IFN, ERB Leasing IFN, Eurobank Finance, Eurobank Securities, Eurobank Property Services, Eliade Tower (55.94%), IMO Property Investments Bucuresti, IMO – II Property Investments, EFG IT Shares Services, EFG Eurolife Asigurari Generale, EFG Eurolife Asigurari de Viata, Retail Development (55.94%) and Seferco Development.