SanPaolo IMI profits reach 1.9m euros in first nine months

SanPaolo IMI Bank Romania total assets reached a value of 4,045bn ROL (98. 6 million euros) at the end of the first nine months of this year. Compared with the end of 2003, this represents an increase of 66.4% in ROL. The bank’s profits after nine months of the year amounted to 76.8bn ROL (1.9 million euros). Return on equity (net income/equity ratio) was 10.17%, while the return on assets (net income/total assets) stood at 1.9%. “These end of third quarter results are very satisfactory. The bank’s operations are developing according to plan,” said Marco Capellini, chief executive at SanPaolo IMI Romania. The bank has recently expanded its range of products for individual customers to include a new car loan and credit for “personal use”. ZF