It said banking income grew 11% on the year in the first nine months, to RON2.289 billion, driven by solid net interest revenue, higher volumes and a high interest environment. Net income from interests grew 15.5% on the year.
The bank’s gross operating profit grew 19% on the year and the cost/revenue ratio reached 48.2% in the first nine months, 3.4 percentage points lower on the year.
It said net loans grew 1.5%, with 4.3% growth in retail loans, driven mainly by mortgage loans (+8.3% year-on-year).
Deposits grew 1.5% on the year in January-September, the bank said. Its loan to deposit ration stood at 69% at the end of September, stable compared with the same period last year.