The bank’s revenues rose 29% to RON1.2 billion due to the increase of customer numbers and operations and also due to the revenue resulted from the sale of Visa shares (RON123 million).
Last year, lending increased 22% on the year, to RON17.6 billion, and the bank attracted over 270,000 new active clients.
Non-performing loan ratio fell from 4.3% in 2015 to 3.6% last year, while cost-to-income ratio fell to 50%.
On a group level, ING Group reported a net profit of approximately EUR5 billion in 2016, up 18% compared with 2015.