Pre-provision profit stood at EUR10 million, up from EUR9 million in 2010.

Marfin Bank reported loan losses of EUR14 million in Romania last year, up from EUR11.8 million in 2010.

Total revenue rose 11% on the year to EUR30 million, while operating expenses increased at a similar pace to EUR20 million.

End-December, Marfin’s assets in Romania reached EUR686 million, up 4% on the year.

Worldwide, Marfin Bank reported a loss of EUR2.5 billion.