Adding Raiffeisen and UniCredit, the earnings of Romania’s five most profitable banks top RON3.5 billion, namely over 75% of the total gain of Romania’s banking system.
Large banks for the first half of this year reported mainly higher profits from 1H/2021 amid rising lending and increasing revenues amid interest rate advance, but also in the wake of falling risk charges and provisions.
BCR, the second largest bank by assets, was the most profitable large bank in the first half of this year, with net profit of above RON1 billion, up 51% from 1H/2021.
Banca Transilvania, biggest bank by assets, ranked second, with net profit of RON907 million, 1% above the level of 1H/2021.
Third comes BRD-SocGen, with net profit of almost RON617 million in 1H/2022, down 2% from the year-earlier period.
The entire banking system, made up of 34 banks, ended the first six months of 2022 with record high profit, of almost RON5 billion, above the gain of 1H/2021.
(English version by Catalina Apostoiu)