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May 18, 2022

Banca Italo Romena posts bigger lending volume for 2009

Bank closed financial year with EUR 12.4 M next profit.

The volume of the credit granted by Banca Italo Romena in 2009 was EUR 67 M bigger than in 2008 (+6 per cent), at EUR 988.6 M, and total assets registered a decrease by 6 per cent as compared to 2008, at EUR 1.08 bln.

‘In a very difficult year when we have experiences a very powerful credit crunch phenomenon manifest worldwide, Banca Italo Romena continued to support the projects of its customers, both companies and individual persons, offering them the most appropriate credit solutions and advantageous terms and conditions and keeping interest rates low despite attracted funds’ becoming more expensive especially at the beginning of the year when most banks were displaying two-digit interest rates,’ Banca Italo Romena General Manager Antonio Bianchin said.

Banca Italo Romena in 2009 posted a net profit of EUR 12.4 M, a positive result coming to confirm the appreciation its services enjoy on the Romanian market. Deposits attracted from customers amounted to EUR 317 M and ROE reached 23.12 per cent.

‘The robust structure, the quality of the service, the effectiveness and constant interaction with our customers allowed us to preserve our market share despite the adverse economic conditions. Being a dynamic bank, we have managed to adjust to market conditions by consolidating our portfolio of clients and bringing new benefits to them along with our products and services, which is an ongoing concern for our bank,’ Antonio Bianchin stressed.

Banca Italo Romena in 2009 continued to expand its branch network, opening two new agencies in Bucharest. ‘In 2010, the intention is to continue to develop product and service portfolio, to enhance card transaction security thanks to the chip technology implemented at the beginning of the year and to offer our customers new modern and convenient payment methods,’ Banca Italo Romena General Manager Antonio Bianchin added.

Banca Italo Romena is based in Treviso (Italy) and operates in Romania via its Bucharest Subsidiary with a network of 22 agencies five of which are located in Bucharest and 17 in major Romanian cities.

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