Carpatica sees 87% asset growth

Banca Comerciala Carpatica (BCC) made a net profit of 3.6 million euros in the first three quarters of the year, an increase of 33% compared with the same time last year. The gross profit exceeded 4 million euros, and was 17% higher than the profit in the first nine months of last year. The bank”s officials say the results even exceed the initial plans made for this year, by more than 15%. The total assets of the bank reached 191 million euros at the end of September, an increase of more than 87% on the same time last year. The volume of loans granted by the bank increased by nearly 80% in this period, while deposits increased by 62%. “The results of the bank are the fruits of a well devised and run strategy, and of quality management,” stated Nicolaie Hoanta, the bank”s chairman. The bank officials say the results were attained in the wake of investments standing at more than 3 million euros, channelled towards the expansion of the branch and ATM network, and the development of the IT system. Carpatica currently operates a network of 100 branches, 150 ATMs and 15 currency exchange machines. ZF