Deposits rose 16.2% on the year in the first nine months, to RON8.7 billion, while gross lending reached RON5.9 billion, taking the lender’s loan/deposit ratio to 68%, the bank said.
Bancpost said its operating expenses dropped 3.7% compared with the first nine months of last year, and its non-performing loan ratio dropped to 9.1% from 16.5% in the first nine months of 2015.
The capital adequacy ratio increased to 21.79%, compared to 20.51% at the end of 2015 and 18.75% in December 2014.
“These results are very satisfactory and underline the sustainability of our business model and the solidity of the bank as they were achieved against the backdrop of a challenging local legislative environment and historically low interest rates. Bancpost remains actively involved in supporting its clients, focusing its efforts on developing financial solutions that best address clients’ needs,” stated Philippos Karamanolis, Bancpost Executive President.