The net profit stood at RON133.5 million, affected by the new turnover tax and by the additional expenses caused by the implementation of the core banking system and the digital transformation project, compared with RON187 million without such additional expenses.
The bank posted RON177 million net profit in 2023.
Net interest income grew by 44% to RON570 million, driven by the rise in the lending volume across all lines of business: corporate (14%), retail (11.4%) and SME (24.4%). Consumer loans were the segment with the fastest growth, 33.9%.
Total loans went up 15.6% to RON11.1 billion.
Deposits increased by 10.3% to RON13 billion; corporate deposits rose by 10% and individuals’ deposits by 11%.
Total assets increased, as well, to RON16.8 billion, from RON15.3 billion in the previous year.
(English version by Loredana Fratila-Cristescu)