Piraeus Bank Romania first half gross profit at EUR 6.4 mln on lower risk cost

The gross profit of Piraeus Bank Romania amounted to EUR 6.4 million in the first half of this year, sustained by a contraction in the portfolio of non-performing loans and the reduction of provisioning costs for bad loans.

The loan book of Piraeus Bank rose by 11 percent to around EUR 1.5 billion, with provisioning costs falling by 2 percent. The deposits, meanwhile, rose by 17 percent to EUR 1.1 billion.

The lender had around 300,000 clients at the end of last year, operating through a network of 135 units.

Ovidiu Posirca

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