Piraeus Bank Romania increased its assets with 16 pct to EUR 2 bln

Piraeus Bank Romania’s assets increased by 16 percent on year, reaching EUR 2 billion last year. In the same interval, the greek bank recorded a brute profit of EUR 3.3 million, over the level of 2012, the credit institution announced on tuesday, without offering details about results in the previous year.

In 2011 for instance, the bank recorded a brute profit of EUR 31 million, down fo percent.

The value of deposits is over EUR 1 billion and up 21 percent on the year.

“Given the outlook for 2013, we estimate that Piraeus Bank Romania will continue to evolve and improve, sustained by good signals coming from the parent-bank. I’m referring especially to the recent bond issue that attracted so much interest from foreign investors that in needed to be over-booked sisx times”, Catalin Parvu, GM for Piraeus Bank Romania, said in the press release.

Greek banks Piraeus and Alpha, present in Romania, recently entered international markets with share issues worth in total EUR 3 billion.

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