UniCredit Tiriac Bank's profit in Romania exceeds EUR 18 mln
The net individual profit of the local lender UniCredit Tiriac Bank reached EUR 18.1 million in 2014, up 7% over the previous year. Meanwhile, the total operating income dropped by 2.1% to EUR 293.4 million. The bank’s operating expenses…
Romania Insider · Journalist
· Updated · 1 min read
The net individual profit of the local lender UniCredit Tiriac Bank reached EUR 18.1 million in 2014, up 7% over the previous year. Meanwhile, the total operating income dropped by 2.1% to EUR 293.4 million. The bank’s operating expenses went down by 1.3% to EUR 155.7 million and its operating profit stood at EUR 137.8 million, up 3% over the previous year, according to the bank’s report. The ratio between costs and revenues was 53.1%, up 0.4% over 2013. UniCredit Tiriac Bank recorded a solvency level of 13.4% on December 31, 2014, while the bad loans ratio reached 20.8%. editor@romania-insider.com
