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February 27, 2021

ING Romania posts record pretax profit, up 44 pc in 2012

ING Bank Romania posted for last year a record profit of RON 232 M, up 44 pc, and a turnover increase of 15 pc to RON 16.3 bln, against the background of a 2 pc increase of the loan portfolio to RON 9.6 bln, the bank announced yesterday, quoted by Mediafax. “Compared to the net loss reported by the system, which amounts to RON 2.1 bln, this is an excellent result,” the CEO of the bank, Michal Szczurek commented.The bank increased its incomes last year by 19 pc, to RON 833 M, despite a modest advance of crediting, which went up 2 pc in both corporate and retail segments. The savings and deposits portfolio advanced by 7 pc from 2011, to RON 11 bln, mainly driven by an increase in the segment of individual customers.ING Bank announced that in 2013 it will continue its crediting strategy exclusively in RON for individual customers, because the context of the local market, the legal regulations and the higher awareness of the implications of each type of loan created an adequate environment for such a decision, wall-street.ro reports.

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