Last year, only 16 banks had been in the black, while the rest had posted losses.
Most banks that have announced their first half results made profit, and the top three in this department are BCR – 600 million lei (EUR135 million), BRD – RON270 million and Raiffeisen Bank – RON213 million.
Banca Transilvania posted RON190 million net profit in the first half, on the back of the revenue from government paper operations, while net interest income dropped. Its consolidated net profit (which includes the results of subsidiaries) stood at RON2.3 billion, RON1.6 billion of which generated by the acquisition of Volksbank. (EUR1=RON4.4315)
(English version by Loredana Fratila-Cristescu)