Total exposure from financing, guarantee and insurance operations carried out by the bank stood at RON4.74 billion at the end of March and targeted mainly companies operating in priority economic sectors such as the production and distribution of energy, the metallurgy industry and the extractive industry.
The net banking income surged 45% to RON59.8 million due to an increase in net interest income and the income from trading treasury bills.
Operating expenses advanced 8% to RON23.8 million in the mentioned period, due to expanding the bank’s regional network, client base and the range of products, and the operating profit stood at RON35.9 million in January-March, up 87% from the year-earlier interval.
“During the mentioned period, the cost optimization process went on cautiously, but constantly, and the weight of operating costs in net banking income fell from 55% in 2012 to 43% in 2014 and to 40% in the first three months of the year,” the bank said in a statement.
The return on equity (ROE) reached 12.4%, from 4.4% in 2014, while the return on assets (ROA) stood at 3.6%, higher than 1.2%. The cost/income ratio fell by 24 percentage points to 39.7% in the first three months, compared to the same period in 2014.
EximBank ended 2014 with a net profit of RON46.6 million (nearly EUR10.5 million), which raised its cumulated net profit between 2013 and 2014 to RON92 million.