Romanian UniCredit Bank doubles net profit in the first quarter

12 May 2016

UniCredit Bank Romania, one of the top 5 local banks, posted a consolidated net profit before minority interest of EUR 24.3 million, in the first quarter of this year, more than double on the same period of 2015.

The bank registered consolidated operational revenues of EUR 88.1 million, up by 5.5% versus last year’s similar period. This evolution was mainly driven by higher loan and deposit volumes compared to the similar period of 2015.

The group’s gross loan portfolio (including loans granted by leasing) amounted to EUR 5.4 billion, up by 7.5% compared to the end of March 2015, its positive evolution being mainly sustained by the increase in corporate financing, consumer loans, and leasing financing. The consumer deposits also went up by close to 28%, reaching EUR 4 billion.

Thus, the group’s total assets totaled EUR 7.4 billion, as of March 31, 2016, up by 8% compared to March 2015.

“We have started this year with very good evolution both an a corporate and retail level, where, as we have announced last year, we target to accelerate our activity and increase our market share,” said Rasvan Radu, CEO of UniCredit Bank Romania.

Italian group UniCredit almost doubles profit in Romania

editor@romania-insider.com

Normal

Romanian UniCredit Bank doubles net profit in the first quarter

12 May 2016

UniCredit Bank Romania, one of the top 5 local banks, posted a consolidated net profit before minority interest of EUR 24.3 million, in the first quarter of this year, more than double on the same period of 2015.

The bank registered consolidated operational revenues of EUR 88.1 million, up by 5.5% versus last year’s similar period. This evolution was mainly driven by higher loan and deposit volumes compared to the similar period of 2015.

The group’s gross loan portfolio (including loans granted by leasing) amounted to EUR 5.4 billion, up by 7.5% compared to the end of March 2015, its positive evolution being mainly sustained by the increase in corporate financing, consumer loans, and leasing financing. The consumer deposits also went up by close to 28%, reaching EUR 4 billion.

Thus, the group’s total assets totaled EUR 7.4 billion, as of March 31, 2016, up by 8% compared to March 2015.

“We have started this year with very good evolution both an a corporate and retail level, where, as we have announced last year, we target to accelerate our activity and increase our market share,” said Rasvan Radu, CEO of UniCredit Bank Romania.

Italian group UniCredit almost doubles profit in Romania

editor@romania-insider.com

Normal
 

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