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 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
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