The loan to deposit and NPL ratio fell compared with the same time in 2018 and the solvency ratio remained above 19%.
The bank’s nine-month profit is lower than in the year-ago period, when it stood at almost RON6 billion. The entire last year’s profit reached a record high of almost RON7 billion, according to central bank data.
Return on assets and return on equity stood at 1.45% and 13.18% at the end of September 2019, down from 2018, when they were close to the values posted in 2007 and 2008, during the economic boom and lending surge days. The ROA and asset levels point to a more than RON5 billion profit for the banking system in the first nine months of 2019. The cumulated net profits of the top three banking groups in Romania amounted to some RON3 billion in January-September or more than 58% of the entire banking system’s profit.
(English version by Loredana Fratila-Cristescu)