Carpatica bank losses reduced 80 percent y/y to RON 31 mln on difficult financial context

Losses registered by Carpatica bank decreased by 80 percent y/y to RON 31.5 million in 2011 on Romanian accounting standards in a difficult economic-financial context. The lender’s assets gained 29 percent y/y to RON 3.7 billion, due to an increase in public effects and assimilated debt which stood at RON 1.6 billion at end-2011.

Bank revenue lost 19 percent y/y, while expenses reduced by 30 percent y/y on 2011.

Deposits increased by 4.4 percent y/y to RON 2.5 billion, and the loan to deposit ratio was 49 percent.

The lender’s solvency rate stood at 11.73 percent at-end 2011, while the liquidity index was 35 percent.  

Carpatica bank has a network of 155 units and its shares are tradable on the Bucharest Stock Exchange.

Read more about

SkyTower Bucharest closes the first quarter of 2024 with new leases totalling 3,000 sqm

read more

Ovidiu Posirca