Customer deposits are estimated to increase by 8% to RON3.14 billion.
The bank targets a net profit of RON7.9 million in 2021, 2.8-fold higher than in 2020.
The lender’s net operating income is expected to grow 15% on the year to RON174.4 million in 2021, as a result of an increase in loan portfolio, in customer trading volume and in the number of active clients.
Patria Bank’s non-performing loan (NPL) ratio is seen dropping to 11.28% in 2021, from 13.43% in 2020.
As regards the distribution of the 2020 net profit, Patria Bank shareholders decided to allocate the amount of RON305,498 to legal reserves and RON2.49 million to the retained result.
Patria Bank reported a net profit of RON2.8 million for 2020, down 48% compared with 2019. Its 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.