Carpatica budgets 9m-euro profit

Banca Carpatica intends to increase its net profit by 73% this year, to almost 31 million RON (some 8.8 million euros). The gross profit should follow the same line and reach 35 million euros RON (some 10 million euros). The bank will also increase its share capital by 3.5 million euros, in order to sustain investments of almost 7 million euros. In 2005, the bank posted a profit standing at 17.8 million RON (almost 5 million euros), an increase by one third against the profit seen in the previous year, while assets doubled to 255 million euros. According to the budget approved by the General Meeting of Shareholders, the bank”s revenues should increase by 50% this year, to 250 million RON (some 71 million euros). As for expenses, they should see a slightly slower increase, of 47%, to 215 million RON (61 million euros). ZF