Banks’ assets climbed to a peak of over RON843 billion as lending picked up.
This was the best 9-month gain for banks. At end-September, ROA and ROE stood at 1.87% and 20.2%, respectively, near the year-earlier levels.
In Q1/2024, profit amounted to RON3.7 billion and by mid-year banks managed to double their gain, to RON7.5 billion, with profit topping RON11 billion in September.
Should the January-September pace maintain, high interest rates and lending rebound can drive banks’ profit to a new record high at end-2024, of around RON15 billion (EUR3 billion), after the RON13.7 billion record of 2023 and the around RON10 billion level of 2022.
(English version by Catalina Apostoiu)