Bank in 2017, ING climbed to the sixth spot, overtaking state-owned CEC Bank.
ING Bank, operating on the Romanian market for the past 25 years, has developed through organic growth and digitization.
ING Bank Romania reported assets of EUR9.27 billion (RON44.3 billion) in 2019, up nearly 16% compared with 2018. The bank had a net profit of RON781 million in 2019, up 14% on the year.
Raiffeisen Bank, which was the fifth largest lender in Romania in 2018 with assets of over RON40 billion, posted RON42.9% billion in asset in 2019, up 7% on the year.
In the first quarter of 2020, ING Bank posted a net profit of RON143 million, 27% lower than in the first quarter of 2019, due to the impact of the coronavirus crisis. The bank’s loan portfolio grew 11% in the first quarter, to RON28.9 billion at the end of March.