Gross loan portfolio climbed to RON33.8 billion, up 18% compared with the 2020 volume.
“ING Romania delivered solid results last year, results that put us in a good position today to navigate through turbulent times,” says Mihaela Bitu, CEO of ING Bank Romania.
Last year, ING Bank achieved an 18% increase in loans to individuals and companies, against the backdrop of a positive macroeconomic situation and the reduced impact of the Covid-19 pandemic. At the same time, deposits attracted from its customers increased by 13%, the ING Bank official says.
“These favorable developments, together with the reversal of a significant proportion of the risk provision costs recorded in 2020, resulted in a very good financial performance.”
ING Bank’s provision costs last year stood at only RON18 million, down 97% on 2020.
(English version by Loredana Fratila-Cristescu)