In comparison, the bank had RON3.8 billion assets, RON41.6 million net banking income and RON0.8 million net profit in the first quarter of 2022.
“Patria Bank continued the process of consolidating profitability, process which arises from the development of operational revenues correlated with a prudent evolution of the cost of risk. The improvement of profitability in a volatile and uncertain macroeconomic environment denotes a sustainable evolution as well as the adaptability of the Bank to the current market conditions,” Patria Bank said in its report to the Bucharest Stock Exchange.
New loan sales stood at RON200 million in the first quarter, up from RON193 million of the first quarter of 2022.
Patria Bank has a capitalization of RON285 million and its shares have gained 11% in 2023.
(English version by Loredana Fratila-Cristescu)