The results were mainly triggered by the increase of loans volume on all the segments (individuals and companies) which offset the significant drop in interest margins, and due to the lowering of credit risk costs.
The loan loss provision ratio stood at 7.08 % in January-June, while the non-performing loan (NPL) rate stood at 12.59%.
In the first six months, consolidated assets totaled RON33.8 billion (EUR7.5 billion), compared with RON31 billion (EUR6.9 billion) in June 2015.
Gross loans totaled RON24.5 billion (EUR5.4 billion), higher compared with June 2015, mainly due to the higher volume of financing granted to companies, consumer loans for individuals and leasing financing.
Deposits totaled RON19.1 billion (EUR4.2 billion) in the first half of 2016, up 35.1% on the year.