Most major banks saw 14% to 50% higher profits in 2023, with the entire banking system in the country (32 lenders) making record profit of almost RON14 billion, 35% higher than in 2022, according to Romania’s central bank data.
The three most profitable lenders in 2023 were Banca Transilvania, BCR, and Raiffeisen Bank, which posted some RON6.7 billion profit together or about 50% of the profit of the entire system. Adding the fourth and fifth most profitable lenders, the profit of the top five stood at a RON9.9 billion or more than 70% of the entire system’s profit.
The top three lenders by profit in 2022 were Banca Transilvania, BCR and BRD, which posted RON5.3 billion profit together.
Top profit maker among major banks in 2023 was Banca Transilvania, which is also the largest local lender by assets, with more than RON2.49 billion profit, 14% higher than in 2022.
Second most profitable was BCR, the second largest lender by assets, almost RON2.49 billion, 36% more than in 2022.
Third most profitable was Raiffeisen Bank, the sixth largest bank by assets, more than RON1.7 billion, 39% higher than in 2022.
Fourth most profitable was BRD, RON1.6 billion, 27% higher, followed by ING Bank, RON1.55 billion, up 24% UniCredit Bank, RON1.3 billion, up 47%, CEC Bank, RON0.5 billion, up 21%, Libra Internet Bank, RON0.3 billion, up 33%, OTP Bank, RON0.26 billion, seven-fold higher and Alpha Bank, RON0.2 billion, up 15%.
(English version by Loredana Fratila-Cristescu