Carpatica to maintain next year

Carpatica Bank management plans to attain about 142bn ROL (3.5 million euro) net profit and 175bn ROL (4.3 million euro) gross profit in 2004, about the same as in 2003. The assets will amount to nearly 4,000bn ROL in 2004 and the equity capital is expected to reach 810bn ROL. “We are optimistic about attaining the results we set out to, even though the competition will continue to increase. We made 138bn ROL (nearly 3.4 million euro) gross profit in the first 11 months of 2003, up 40.5% from the same time in 2002, while the net profit amounted to 117bn ROL (some 2.9 million euros), up 28% from 2002,” Nicolaie Hoanta, Carpatica chairman told Ziarul Financiar. He says the bank’s business was on target as far as the other indicators are concerned. The assets amounted to 2,800bn ROL, up 59.4% from November 2002 and the equity capital was worth 670bn ROL, up 62.2% from the same time last year. The full-year net profit expected is worth 130-140bn ROL and assets should amount to approximately 3,000bn ROL. “The yearend is always more active, the business volume grows, so that there is still time for growth,” Hoanta added. ZF