The net profit of the 20 lenders stood at RON5.4 billion, while the net losses of the 14 stood at RON268.7 million.
A number of 23 lenders ended 2019 in the black, with total net profit of RON7.2 billion, and 11 posted RON915.3 million losses.
The Romanian banking system ended 2020 with RON5.14 billion net profit, while assets reached a new high.
The profits of the top three banks in Romania taken together – Banca Transilvania, BCR and BRD-SocGen stood at almost RON3 billion or some 58% of the net profit of the entire banking system.
The net profit of the system shrank by some 19.5% compared with 2019, due to the macroeconomic deterioration given the pandemic, which forced banks to set aside higher provisions in case of future loan repayment trouble of their customers.
The net profit of Romania’s banking system stood at RON6.39 billion in 2019.
(English version by Loredana Fratila-Cristescu)