Piraeus Bank Romania reports EUR 21.2 million profit for the first quarter of 2010

Piraeus Bank Romania has reported a gross profit of EUR 21.1 million for the first quarter of 2010, up 32 percent compared to the similar period of the last year. The growth is due to a slight comeback of crediting activity and a push to intensify services sale. The assets administered by the bank grew by 6 percent y-o-y, thus exceeding EUR 2.14 billion. The credits portfolio administered by the bank went slightly up by 3 percent reaching EUR 1.6 billion. Un-performing credits in the bank’s portfolio stood at 7.4 percent of the total, while the number of clients reached 320,000. Currently the bank manages deposits worth EUR 1.13 billion, and has a national network of 187 units, with 258 ATMs.