Bancpost reports EUR 4.6 mln losses on H1

Eurobank EFG, the Greek lender holding the largest stake in Bancpost, reported a negative EUR 3.5 million for banking operations in Romania, with total assets amounting to EUR 4.85 billion. The bank registered an operating income of EUR 131 million, with operating expenses totaling EUR 78.5 million.

The profit before tax and minorities was a negative EUR 4.6 million. The gross volume of loans reached EUR 3.4 billion, while deposits totaled EUR 1.87 billion. The non-performing loan ratio of the bank reached 16.2 percent in the first half of 2011.

Bancpost operated a retail network of 284 units in the first semester of 2011.Eurobank EFG and Alpha Bank are expected to merge by mid-December 2011, forming the third largest banking group in Romania.

Ovidiu Posirca

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