The bank alone, the third leading lender in Romania by assets in 2023, fully owned by the Finance Ministry, posted ROIN668.2 million net profit and RON99.25 billion net assets.
Net interest income of the group grew by some 30% (about RON483 million) in 2024, as a result of the rise in interest income on the back of the monthly increase in the loan and investment (in government paper, banks etc.) volume, as interests on the market remained high.
Interest income increased by some 1,149 million, while interest spending went up by RON666 million.
Net fee income rose by some 11.6% (about RON32 million), mainly because of the increase in the income from fees charged by FGCR (rural credit guarantee fund), as a result of a higher use of government schemes, to RON309 million for the group and RON266 million for the bank.
(English version by Loredana Fratila-Cristescu)