The bank’s revenue increased 17% to RON240 million, while expenditure was at RON134 million, up 9% from the first quarter of 2014.
The higher income was mostly due to growth on the retail and mid corporate banking segments.
The cost to income ratio improved to 56% from 60% in January-March 2014.
The loan portfolio increased 12% to RON11.39 billion, mostly due to financing in lei, which reached 50% of the total portfolio, from 45% in the same period a year ago. Deposits rose 13% on the year to RON14.56 billion, the bank also said.