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BCR, Banca Transilvania and ING Bank Most Profitable Lenders in Romania in Q1
Most major banks in Romania saw higher profits in the first quarter of 2022 compared with the year-ago period, amid a rise in lending and increase in income along with the rise in interests,...
Romania Banking System Reports Record Net Profit Of RON2B For 1Q/2022
The net profit generated by the entire Romanian banking system at the end of the first quarter of 2022 touched a new record high of RON1.96 billion, up 3.7% from the level reported in the sa...
ING Bank Posts RON276M Profit in Romania in Q1
ING Bank posted RON276 million net profit in the first quarter of 2022, 67% higher than in the year-ago period, while revenue rose 23% to RON667 million.
CEC Bank Posts RON54.2M Net Profit in Q1
CEC Bank posted RON54.2 million net profit in the first quarter of 2022, as well as RON50.4 billion assets, an increase of 19% on the year-ago period, higher than the overall banking system’...
Footwear Retailer Benvenuti Returns to Profit in 2021Footwear Retailer Benvenuti Returns to Profit in 2021
Footwear retailer Benvenuti, held by Romanian entrepreneur Dan Pavel, posted almost RON123.4 milion (EUR25 million) sales in 2021, an increase of 26.5% on 2020, ZF has calculated from Financ...
Cemacon Makes 130% Higher Profit in Q1
Construction material manufacturer Cemacon Cluj (CEON.RO) posted RON16.5 million net profit in the first quarter of 2022, 130% higher than in the corresponding period of last year, it said i...
Packaging Maker Promateris Revenue Up 22% to RON43M in Q1
Romanian packaging maker Promateris (PPL.RO) posted consolidated re venue of RON42.7 million in the first quarter of 2022, an increase of 22% on the year-ago period, RON4.6 million EBITDA an...
Patria Bank Reports 1Q/2022 Net Banking Income of RON41.5M, Flat from 1Q/2021, and RON882,000 Net Profit
Patria Bank in 1Q/2022 reported net banking income of RON41.5 million, flat from the year-ago period, determined by the evolution of revenues from financial activity affected by market condi...
Fondul Proprietatea Net Profit Rises 17.8% to RON826.1M in Q1
Fondul Proprietatea (FP.RO) posted RON826.1 million net profit in the first quarter of 2022, an increase of 17.8% on the RON701.4 million of the year-ago period, ZF has calculated from the d...