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July 3, 2022
BUSINESS

Marfin Bank Romania opens two new offices

Marfin Bank Romania’s territorial network will expand in Bucharest by the opening of two new offices, a press release informs. The new offices lie in the Pipera and Calea Mosilor area. At present, the Marfin Bank Romania network includes 29 offices, out of which eight in Bucharest and 21 in the country’s major cities.  Also, Marfin Bank reported for the first nine months of 2011 net profit of  EUR 4,3 M in IFRS, despite the increased provisions for non-performing loans and high investment costs. At the first nine months of 2011, the total assets of Marfin Bank reached to EUR 681,9 M, up by 18,6% compared to the same period last year with the loans to be  increased by 22,6% and deposits by 2,3%. The total net interest income reached EUR 16,2 M up by 13%, while the operating profit increased by 25% to EUR 11M, due to higher revenues from commissions and other fees.  The bank, in alignment with the business plan, is going to open 4 new branches until the end of 2011 creating a network of 31 branches.

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