The official report confirms information published by MEDIAFAX in February, citing people familiar with the matter, which said the central bank posted a net profit of some EUR330 million in 2010.
In 2010, the central bank collected a total RON1.4 billion from interest, compared to RON3.12 billion in 2009. Expenditure on interest dropped as well, but at a slower pace, to RON2.16 billion, from RON2.8 billion.
On the financial operations segment, the bank’s monetary issue expenditure more than halved, to RON45.8 million, from RON102.8 million.
Net earnings achieved from currency operations dropped 46% year-on-year, to RON2.04 billion, from RON3.8 billion.
Under current legislation, the bank’s profit was distributed as follows: 80% (RON1.13 billion) went to the state budget, RON141.5 million went to reserves; RON84.9 million became financing resources; RON28.3 million was distributed to employees and RON28.3 million became reserves at the disposal of the managing board. (EUR1=RON4.2217)