ING Bank Romania gross profit up 26 percent y/y to RON 161 million on increased lending and deposits

Newsroom 23/02/2012 | 15:12

Gross profit of ING Bank Romania has increased by 26 percent y/y to RON 161 million while banking income gained 4 percent y/y to RON 701 million. The lender’s assets climbed 18 percent y/y to RON 14.2 billion, with 12 percent of assets invested in government securities.

Lending to corporates gained 30 percent last year, but overall growth was 19 percent y/y to EUR 8.8 billion. Growth in savings and deposits was driven by corporates (companies with turnover of EUR 50 million or above) which gained 17 percent, but the overall portfolio was up 15 percent y/y.

ING has increased its market share after asset value to 4 percent last year. Both lending and savings and deposits achieved 3.93 percent, respectively 5.12 percent in market share.

Net profit of the Dutch ING Group increased by 15 percent y/y to EUR 3.6 billion, with a cost/income ratio of 55.4 percent.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Newsroom | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue