Piraeus Bank Romania reports 28 percent decrease in profits on H1

Newsroom 31/08/2011 | 14:49

Piraeus Bank Romania registered a gross profit RON of 43.7 million, which is a 28 percent decrease versus the similar period of 2010. The bank’s assets increased by 1 percent to RON 8.9 billion in the first semester of 2011.

The total volume of loans totaled RON 6.7 billion, on the grounds of a 71 percent increase in the corporate loans segment, from RON 396 million in the first semester of 2010 to RON 676 million. Loans for SMEs have also increased by 9 percent from RON 789 million in the first semester of 2010 to RON 864 million. However, customer loans have decreased by 8 percent year-on-year. The volume of deposits has increased by 8 percent to RON 5 billion in the first semester of 2011.

The solvency ratio of the bank was 16.5 percent at the end of June 2011.

Piraeus Bank Romania is part of the Greek Piraeus group, which also owns Piraeus Leasing, Piraeus Insurance Reinsurance Broker Romania and Piraeus Securities Romania.

Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF or read online: September 2022 Issue | Business Review Magazine

The September 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Transilvania Investments paves its way to a sustainable
Newsroom | 21/09/2022 | 14:17

You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

I agree with the Privacy policy of business-review.eu
I agree with the storage and handling of my data by business-review.eu

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