It said net banking income amounted to RON153 million, down 8%, mainly due to lower net interest income amid a low-interest environment.
The bank’s operating profit grew 7% on the year in 2020, to RON29.7 million.
The bank granted new loans totaling RON823 million in 2020, up 12%, reaching a loan portfolio of RON1.7 billion at the end of the year.
Customer deposits grew 6%, or by RON171 million since the beginning of the year. The bank said its loan to deposit ratio stood at 66% at the end of 2002, from 62% at the end of 2019, close to the banking system average of 67%.
The bank’s assets stood at RON3.5 billion, up 7% on the year.