HVB Bank posts 2m-euro Q1 profit
HVB Bank Romania, a branch of the German group bearing the same name, posted net profit worth 75.35bn ROL (more than 2m euros) in Q1, 2003. Return on assets was 0.61%, while return on equity was 6.22%. "Our results were on track. We were very happy with the development of the product range in the first three months, but also with the business volume," says Helmut Bernkopf (photo), VP of HVB Bank…
HVB Bank Romania, a branch of the German group bearing the same name, posted net profit worth 75.35bn ROL (more than 2m euros) in Q1, 2003. Return on assets was 0.61%, while return on equity was 6.22%. “Our results were on track. We were very happy with the development of the product range in the first three months, but also with the business volume,” says Helmut Bernkopf (photo), VP of HVB Bank Romania. Total assets were worth 12,466bn ROL at the end of March, while equity amounted to 1,212 billion ROL. ZF
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