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Top Three Lenders Account for 58% of Entire Banking System Profit in 2020
Most major lenders in Romania posted lower profits in 2020 compared with 2019 due to the effects of the coronavirus crisis, which required them to set aside higher provisions.
Romania’s Banking System Posts Over RON5B Profit in 2020
Almost 60% of the lenders in Romania (20) posted profit in 2020, while 14 were in the red, Romania’s central bank data show.
Romania’s Banking System Profit Shrinks 19.5% to RON5.1B in 2020
Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and non-performing loan ratios fell compared with 2019, while...
Romania Banking System Posts Some RON4.5B Net Profit In Jan-Sept 2020, Down Over 10% Vs 2019
Romania’s banking system, 34 lenders in all, registered a net profit of nearly RON4.5 billion in January-September 2020, down over 10% compared with 2019, central bank preliminary data show.
Delphi Diesel Systems Romania Posts 19% Rise in Profit to RON69M in 2019
Delphi Diesel Systems Romania, the local subsidiary of US’ Delphi group, posted 2.23 billion lei (EUR471.2 million) revenue in 2019, an increase of merely 1% year-on-year, ZF has calculated...
Top Five Lenders Account For 78% Of Romania’s Entire Banking System Profit in Jan-Sept
Most major banks in Romania posted lower profits in the first nine months compared with the year-ago period, due to the effects of the pandemic, which forced them to set aside larger provisi...
Romania’s Banking System Posts Some RON4.7B Profit in Jan-Sept
Banks in Romania posted about 4.7 billion lei profit in the first nine months of 2020, their assets reached a new high, while the loan-to-deposit and NPL ratios went down compared with the y...
Cell Phone Supplier and Manufacturer iHunt Steps into the Black in Jan-Sept
iHunt Ploiesti (HUNT.RO), a supplier and manufacturer of cell phones and gadgets posted 3.9 milion lei net profit in the first nine months of 2020, compared with a RON102,704 loss in the yea...
Linde Gaz Romania Sees Profit Rise 22% to RON151M in 2019
Linde Gaz Romania, the local subsidiary of Linde Plc, the largest industrial gas supplier worldwide, posted more than 683 million lei (about EUR144 million) revenue in 2019, an increase of 6...