BUSINESS

BNR gain matched EUR 330 M in 2010

Last year, the National Bank of Romania (BNR) made a profit of EUR 330 M, three times less than its 2009 gains. “”If you discount previous years losses covered in 2009, then last year saw a comparable profit. To put it differently, taxes paid into the state budget were by and large the same,” BNR sources told Mediafax. According to law, BNR transfers to the state budget 80 per cent of its profit after taxes, having covered the losses from previous financial years. Lat year, BNR posted a pre-tax profit of RON 4.6 bln, nearly EUR 1.1 bln, much higher than the combined gains of all the banks that turned a profit, yet, the profit after tax only amounted to RON 300 M.

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