Bank Leumi net profit reaches EUR 3 mln in 2012 on higher lending

Newsroom 04/04/2013 | 10:43

The net profit of Bank Leumi, a subsidiary of Israeli Leumi Group, amounted to RON 13.6 million (around EUR 3 million) in 2012, helped by additional lending in the retail and corporate segments.

The gross loan book rose by 7.7 percent to RON 981 million (EUR 220 million), driven mainly by the corporate portfolio that added 6.6 percent to RON 716 million (EUR 160.6 million). The retail segment rose by 10.8 percent to RON 265 million. Deposits stood at RON 613.7 million (EUR 137 million).

Laurentiu Mitrache, executive president of Bank Leumi Romania, said: “The 2012 result was due to the implementation of the repositioning strategy that was adopted two years ago, which targeted the SME segment.”

The lender’s capital rose by 6 percent to RON 224 million (EUR 50.2 million) and its return on assets was 6.2 percent in 2012. The solvency rate stood at 20.15 percent, almost triple the minimum requiremnts.

Bank Leumi has 23 units and 307 employees in Romania.