HVB Bank Romania earns 10m euros

HVB Bank Romania last year posted net profit 60% higher than in 2001 in real terms, according to the Romanian accounting standards. Net income increased from some 6 million euros at the end of 2001 to more than 10 million euros last year. Assets also went up, from 300 million euros to 555 million euros, accounting for an 85% increase. For this year, the bank’s Bucharest management aims at 25-30% growth in real terms for the main indicators. “Last year was the best for HVB Bank Romania, as shown by the financial results presented today, calculated in line with the Romanian accounting standards. According to the IAS, the figures would look even better,” HVB Bank Romania president Dan Pascariu said yesterday. ZF