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September 30, 2022
BUSINESS

Banca Carpatica’s profit up 75 per cent in H1 of the year

Romanian lender Banca Comerciala Carpatica recorded a net profit of some EUR 3.6 M (RON 16.1 M) in the first half of 2013, a year-on-year increase of around 75 per cent, the bank has recently announced in a press release. The bank’s operating profit also went up 87.9 per cent in the first six months of the year, compared to the same period of 2012, to EUR 8.2 M (RON 36.2 M). Banca Carpatica’s total assets decreased by 23.7 per cent in H1 2013, “due to a decrease of the securities portfolio by 42.4 per cent, while liabilities from repo operations and securities decreased by 71.8 per cent,” bank’s report reads. The value of new loans in the first half of 2013 also increased by 4.2 per cent, to EUR 71.5 M, from some EUR 68 M recorded in the same period in 2012. At the end of June 2013, the bank had a network of 139 units, of which 59 branches, 58 agencies and 22 offices.

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