Idea Bank Romania (formerly Romanian International Bank) is a universal bank that has been operating on the market since 1998.
At the end of 2019, Idea Bank ranked 22nd in Romania by asset value, with a market share of 0.47%. The bank has 33 units and branches and 389 employees.
Idea Bank Romania reported operating revenue of RON55.8 million for the first half of 2020, up 11.7% on the year, and a net profit of RON5.6 million, almost double from RON3 million in the same period in 2019.
Idea Bank Group, which also includes Idea Leasing, Idea Investment, Idea Finance, Idea Broker de Asigurare and Idea Credite de Consum, reported operating revenue of RON78 million in the first six months, down 2.6% on the year, and a profit of RON6.1 million, down 14% on the year.
The bank’s assets grew 9.8% to RON2.4 billion in the first half of 2020, driven by a 9.4% increase in the net loan portfolio, to RON1.5 billion, while the deposit base increased by 8.7% to RON2.1 billion. The bank had a total 59,899 customers end-June 2020, 1.2% fewer than at the end of June 2019.