Garanti reported consolidated revenues of EUR70.2 million at the end of June, 8.4% higher on the year.
The group’s assets rose 14.7% to EUR2.02 billion.
Garanti Group Romania operates four companies on the local market, namely Garanti Bank, Garanti Credite Ipotecare, Garanti Credite de Consum and Garanti Leasing.
Broken down by units, Garanti Bank reported net profit of EUR13.9 million in the first half, down from EUR17.1 million a year ago, while Garanti Leasing posted a net profit of EUR1.34 million.
Garanti Credite de Consum’s net profit was EUR1.3 million in the January-June period, while Garanti Credite Ipotecare reported a net profit of EUR0.4 million.
In March this year, Garanti Bank and Garanti Credite Ipotecare started formal procedures to merge into a single institution, pending regulatory approvals. The merger process is due for completion by year-end.