The bank reported net banking revenue of RON127 million for the first nine months, up 11.1% on the year.
In the first nine months of 2019, Patri bank’s net banking income registered a positive evolution of 11%, as net interest income grew 16.5% and net commission income grew 17.5%.
Its gross loans to deposits ratio improgved from 57% end-December 2018 to 65% end-September 2019 and the share of net loans in total assets grew from 45% end-December 2018 to 51% end-September 2019, the bank said in its earnings report.
Ate the end of September 2019, the bank’s gross loans were 3% higher compared with end-2018, amounting to RON1.7 billion.
The bank’s portfolio of non-performing loans registered a decrease of RON100 million (-29%) generated by the recoveries made on the non-performing exposures and by the settlement of the sale transactions of the non-performing loan portfolios for which binding offers were signed in December 2018, it said.
The lender expects a net profit of RON6.2 million for the full year, compared with a loss of RON266,000 in 2018, and sees its net banking revenue growing 6% on the year, to RON169 million.