In the first half of 2015, Bancpost had a net profit of RON34.6 million.
Deposits rose 11% on the year in the first half, to RON8.7 billion, while gross lending reached RON5.7 billion, taking the lender’s loan/deposit ratio to 66%, the bank said.
Bancpost said its operating expenses dropped 9.1% compared with the first half of last year, reflecting optimized operations, and its non-performing loan ratio dropped to 10% from 16.3% in the first half of 2015.
“Bancpost has remained profitable in the first half despite a challenging low-interest environment and adverse legislation,” said Bancpost CEO Philippos Karamanolis.