Operating efficiency was curbed by the newly introduced turnover tax, whose value amounted to RON11.2 million. Thus, the cost-to-income ratio on June 30, 2024 stood at 45.2%, from 40.7% a year ago, according to the bank’s representatives.
Net assets totaled RON11.6 billion, up 4% from the end of 2023, while the gross loan portfolio stood at RON7.3 billion.
On June 30, the level of sources attracted from clients reached RON9.7 billion. In terms of lending, the bank posted 7% growth against December 31, 2023.
The bank in the first half of the year registered 2.7% ROA, above the banking system average of 1.8%.
(English version by Catalina Apostoiu)