ING Bank Romania reports RON 65 million profit for the first six months of the year

ING Romania has reported a RON 65 million net profit for the first six months of this year, up 8 percent compared to the similar period of 2010. According to the bank, the growth is due to a decrease in the costs of risk provisions as the risk profile of the credit portfolio improved, and an increase in revenues from client operations.

The bank’s credit portfolio grew by 7 percent, reaching RON 8.140 million, mainly because of an 11 percent increase in retail loans. At the same time, savings and deposits registered a 2 percent growth, reaching RON 9.245 million. The bank’s total assets grew to RON 12.442 million, up 6 percent compared to the first semester of the previous year.

ING Bank has several services divisions (leasing, factoring, real estate) and 209 branches.