The lenders’ nine-month profit is about 9% lower than in the same time in 2019.

Return on assets and return on equity stood at 1.17% and 10.48% at the end of September, below January-September 2019.

The high profits came amid a moderate increase in lending and a decline of the economy, due to the COVID-19 pandemic.

The assets of the banking system rose to RON533.1 billion, an increase of RON60.3 billion on September 2019.

Loan-to-deposit ratio dropped to 68.9% from 74.7% in September 2019, while the NPL ratio went down to 4.06%.

(English version by Loredana Fratila-Cristescu)