In January-June 2021, First Bank generated return-on-equity (ROE) of 13.9%, and, at end-June 2021, its total assets amounted to RON6.9 billion, per data provided by First Bank representatives.
First Bank CEO, Henk Paardekooper, said financial results for the first half of 2021 reflect a robust financial performance, with solid levels of capital and liquidity.
The value of loans granted by the lender had a significant evolution on all customer segments, reaching RON4 billion in the first half of 2021, up 3% from the first six months of 2020.
In January-June 2021, deposit accounts stood at RON5.5 billion, up 4% on the year.
The lender has carried out an ample makeover process, supported by investments in technology, worth over RON76.5 million, since 2019.
First Bank is held by US investment fund J.C. Flowers, with an ownership stake of over 70%, which is J.C. Flowers’ first investment in Romania. First Bank is also held by the European Bank for Reconstruction and Development (EBRD), the largest foreign institutional investor in Romania, and by First Bank management.
In Romania, First Bank has 52 units and over 130,000 active clients.