Volksbank profits up

Volksbank Romania posted net income worth 1.5 million euros in the first half of the year, up 355% compared to the corresponding period of last year. Total assets held by the bank amounted to 181 million euros at the end of June, up 55.5 percent from December 2003. In the first six months of 2004, Volksbank granted loans worth 141.7 million euros, accounting for an 82.3% growth from the beginning of the year. During the same interval, the bank attracted deposits worth 60.4 million euros, up 76.6 percent. Volksbank Romania currently has more than 34,000 clients and a network comprised of 14 banking units. ZF