Banca Romaneasca reports 1.7m euro profit

Banca Romaneasca, a member of the National Bank of Greece (NBG) group, has posted more than 61bn ROL (nearly 1.7 million euros) in first-quarter net profits. The value of the bank”s total assets reached 18,863bn ROL (521 million euros) at the end of March, an increase of 114% since the beginning of the year. The equity capital of the bank doubled over the same the period to 2,124bn ROL (over 58 million euros), after NBG, Banca Romaneasca”s majority shareholder, made a 28 million euro capital contribution. NBG is one of the most powerful financial groups in Greece and is present on several markets across Central and Eastern Europe. Banca Romaneasca has around 90,000 customers, of which 75,000 are from the retail segment. The net volume of loans granted by the bank reached 5,207bn ROL (nearly 144 million euros) by the end of March, 1,154bn ROL (32 million euros) accounting for loans to private customers. The first three months of the year also saw the bank open three new branches in Bucharest, bringing the total to 34, of which 14 are in the capital. ZF