The bank however registered an increase in risk provision spending from last year, and higher investment spending.
The provision rise is also reflected in the net result calculated according to Romanian accounting standards.
The provisions significantly eroded the bank’s operating profit, which climbed 25% in the first nine months, to EUR11 million, helped by higher income from interests and fees.
Marfin obtained net income from interests worth a cumulated EUR16.2 million in the first nine months, up 13% on the similar period of 2010.
The bank managed EUR682 million in assets at the end of September, almost 19% more than in September of last year.
The overall volume of loans granted went up by 23% in the past year to EUR469 million, while deposits went up by just 2.3%, to EUR170 million. But the volume of deposits attracted from clients fell in the third quarter, from EUR178 million in mid-year.
Marfin lost deposits despite paying above average interests, of up to 7,5% a year on leu-denominated deposits, and of 4.25% a year on euro deposits.