Carpatica keeps growth targets

Commercial bank Carpatica posted 71.5bn ROL (some 1.8m euros) net profit in the first eight months of 2003, while the bank’s assets amounted to 2,300bn ROL. Four months before yearend, the bank officials hope to post 140bn ROL in net profit, to meet the target set for the entire year. “The result posted in eight months is good, considering we did exceed the expenses calculated for expanding our branches or launching cards. However, we hope to get close to our targets for the entire year, especially since we intend to keep them,” Carpatica president Nicolaie Hoanta told Ziarul Financiar. ZF