The bank said in a statement Thursday its revenues grew 19%, to RON323 million, and its operating costs grew 15% in the first quarter, to RON176 million.
The bank’s loan portfolio grew 28% on the year in January-March, to RON18.5 billion and its market share on the lending market grew to 8% from 6.3% in the first quarter of 2016. Loans in lei grew 45% on the year in the first quarter, nearing RON13 billion, the bank said.
Deposits grew 20%, to RON23 billion. The bank’s market share on the deposit segment grew to 8% from 7.3% at the end of the first quarter of 2016.
Michal Szczurek, CEO ING Bank Romania, said first quarter earnings continue the bank’s organic growth, with a growing market share on the lending and deposit segments, a well balanced portfolio and increased focus on the development of digital services and innovation. He added 30% of active clients using digital banking are ING clients and they perform 51% of digital banking transactions in Romania.