In 2012, the central bank posted a net profit of RON696.14 million.

The bank swung to an operating loss of RON0.22 million in 2013, versus profit of RON1.55 million in the previous year, largely due to a RON2.62 million decline in operating income.

The lower operating income was partially offset by a RON0.84 million drop in operating expenses, the report showed.

“In accordance with the laws, the 2013 loss was partially covered from the statutory reserves on January 1, 2014, while the remaining sum, of RON0.756 million, will be covered at a later date,” the central bank said.

Official sources told Mediafax the remaining amount has already been recovered from the profits reported in the first months of 2014. (EUR1=RON4.3888)