23 banks achieved profit in the first half of 2012, and 18 suffered losses. For the entire banking system, the loss amounted to RON 1.1 bln, while the cumulated profit of the 23 banks was RON 870 M, the head of the Supervision Department of BNR, Nicolae Cinteza said for HotNews.ro. “On the bright side, we ordered no sanction in 2012. They (the banks) were much disciplined this year. When we asked them to do something, they complied immediately,” Cinteza added. “They must learn that they cannot live only with big interest margins. They should do consulting, concentrate on gaining from the analysis of business plans, as any bank does in civilised countries,” the Central Bank official added. According to Cinteza, changes at the level of the top management experienced a slowdown this summer. “For the time being, we have under analysis no approval request to replace an executive,” he said. However, these months almost all the presidents of important banks in the market have been replaced, with the exception of Raiffeisen Bank, which reconfirmed the mandate of Steven van Groningen. Bad loans are on the increase, but this will attenuate in time, Cinteza informed. The head of BNR’s Supervision Department has a moderate optimism for 2012 and says that only starting 2013 will local banks feel an improvement. According to BNR data, the average solvency of the system improved in the second quarter of 2012, and now is at a level more than comfortable.