BNR’s profit down by 84 pct to RON 124.63 mln in 2016

The National Bank of Romania (BNR) registered a profit fall of 84 percent in 2016 compared with 2015 to RON 124.63 million, according to a report of the institution.

„The financial result from December 31 2016 was determined mainly due to an operational profit of RON 771.997 million, by 14 percent under the operational profit of the previous year, registering expenses with unfavorable differences from the revaluation of assets and liabilities of RON 646.034 million, by 5.8 percent higher than the amount from December 2015 and the net losses registration from the revaluation of constructions and fields of RON 1.327 million,” says the document.

On December 31, the bank had deposits in foreign countries in gold worth RON 9.826 billion.

“The revaluation of the gold price at December 31 2016 was RON 160.44/g for the bank deposit, with an overall weight of 103,546 kg,” says the release.

Also BNR had deposits over RON 25.5 billion, out of which RON 25.2 billion from central banks, RON 246 million from international institutions and RON 43,000 from foreign banks

“On December 31, the deposits on term at central banks include deposits of a central bank from EU amounting over RON 6.970 billion, representing EUR 1.535 billion. The deposits on term at international institutions include deposits from a financial institution outside EU amounting to RON 1.845 billion, ” according to the Central Bank.