Half of lenders post profit while local banking system makes EUR 110 million loss

Half of the lenders in Romania posted a profit in the first three quarters of this year but the banking system recorded an overall loss of EUR 110 million, according to Florin Georgescu, first deputy governor of the Romanian Central Bank (BNR), quoted by Agerpres newswire. The first three banks in the system based on market share made 48 percent of the profits recorded for the group of 20 banks. The local banking system swung to loss in the second quarter of this year. Meanwhile, the solvability index of the system – the report between a bank's own capital and its liabilities – averaged at 14.6 percent in September. All banks have solvability rates above 10 percent, said Georgescu, and more than half of them, between 12 and 14 percent, which creates a comfortable position for the system. editor@romania-insider.com