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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania’s banks record 50% higher profits in the first half of this year

Romania’s banks recorded a cumulated net profit of approximately RON 4.2 billion (EUR 857 mln) in the first half of this year, up by more than 50% compared with the same period of last year.

Their assets rose to RON 585.9 billion (EUR 119 bln), boosted by the 7.7% increase in lending, according to preliminary data from Romania’s National Bank (BNR).

This was the best first half for local banks in recent years. In H1 2020, the local banking system recorded a net profit of RON 2.74 bln; in the first half of 2019, the net result was RON 2.77 bln, while in H1 2018, the gain was RON 3.56 bln, according to Ziarul Financiar.

So far, the local banks reported their highest annual profit in 2018 – RON 6.83 bln. In the first half of this year, the cumulated profits of the three largest banks in Romania - Banca Transilvania, BCR and BRD - totaled RON 2.18 bln, representing more than half of the total gain of the entire banking system.

(Photo: Sompong Sriphet/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania’s banks record 50% higher profits in the first half of this year

Romania’s banks recorded a cumulated net profit of approximately RON 4.2 billion (EUR 857 mln) in the first half of this year, up by more than 50% compared with the same period of last year.

Their assets rose to RON 585.9 billion (EUR 119 bln), boosted by the 7.7% increase in lending, according to preliminary data from Romania’s National Bank (BNR).

This was the best first half for local banks in recent years. In H1 2020, the local banking system recorded a net profit of RON 2.74 bln; in the first half of 2019, the net result was RON 2.77 bln, while in H1 2018, the gain was RON 3.56 bln, according to Ziarul Financiar.

So far, the local banks reported their highest annual profit in 2018 – RON 6.83 bln. In the first half of this year, the cumulated profits of the three largest banks in Romania - Banca Transilvania, BCR and BRD - totaled RON 2.18 bln, representing more than half of the total gain of the entire banking system.

(Photo: Sompong Sriphet/ Dreamstime)

andrei@romania-insider.com

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