In January-August 2012, the local lenders posted aggregate losses of RON200 million.
“The profitability indicators, namely the return on assets (ROA) and the return on equity (ROE) ratios, fell back into positive territory after the first eight months of 2013; however, a sustained recovery of the private lending is vital for the financial results to stay positive on the longer run,” the report showed.
Romanian banks reported a combined loss of RON2.3 billion in 2012, hit by rising provisions.