Intesa Sanpaolo Bank reevaluates its presence on the Romanian market

Intesa Sanpaolo recorded a loss of EUR 37 million last year in Romania and announced it will reeavaluate its presence on the local market, taking into consideration “agreements with other international players”.

Intesa Sanpaolo’s operational income stagnated at EUR 47 million, while operational costs dropped 8.8 percent to EUR 30 million. Therefore, operational profit went up 21.6 percent on the year, to EUR 16 million.

Before taxes, the bank recorded a loss of EUR 37 million, 48 percent higher than in 2012.

At the end of 2013, Intesa Sanpolo had assets worth EUR 1.2 billion on the Romanian market, the same as in 2012. Client deposits total EUR 700 million, loans – EUR 912 million and another EUR 155 million in bonds.

The bank will reevaluate/reposition its operations in the countries where the bank’s assets are not big enough or the bank itself is in a difficult financial situation: Albania, Bosnia, Slovenia, Hungary, Russia and Romania.

Read more about

Concrete Example of Transition to the Circular Economy

read more