The net profit is almost the same as in the year-ago period when it stood at some RON2.77 billion.
Return on assets and return on equity reached 1.08% and 9.81% at the end of the first half, lower than in the corresponding period of 2019.
Considering the ROA and the assets, the banking system profit stood at RON2.8 billion in the first half.
The top three banks posted RON1.5 billion net profit in the first half or 54% of the entire system’s profit. The largest lender by assets, Banca Transilvania, made RON607.4 million net profit, 28.4% lower than in the year-ago period. The second largest lender, BCR, posted RON498.9 million net profit compared with a net loss of RON20.8 million in the first half of 2019. The third leading bank, BRD-SocGen, posted RON405 million net profit, almost 50% lower than in the corresponding period of last year.
Solvency ratio reached 22.76% in the first half, higher than the 19.6% in the first half 2019.
(English version by Loredana Fratila-Cristescu)