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August 15, 2022
BUSINESS

UniCredit Tiriac Bank’s net profit dropped by 57 pc last year

UniCredit Tiriac’s net individual profit dropped by 57 percent to RON 75.1 M last year, the result being RON 138 M below the earnings reported at nine months, against the backdrop in which the provisions climbed by RON 312 M to RON 744 M in the last quarter at group level, a bank communique informs. In line with the individual financial situations compiled by UniCredit Tiriac, the bank registered total operational revenues of RON 1.384 bln (EUR 313.2 M) on December 31, up by 10.8 percent compared to the same period the year before. At the same time, operational expenditures grew by 8.7 percent to RON 694.7 M (EUR 155.9 M), and the operational profit stood at RON 694.7 M (EUR 157.2 M), up by 13 percent year-on-year. At the end of last year the bank registered provisions of RON 744 M, which represent a hike of RON 312 M in the last quarter. The bank’s total assets stood at RON 27.5 bln (EUR 6.1 bln), up by 9.6 percent compared to December 2012, in contrast to a drop of approximately 1 per cent at the banking system’s level. The volume of credits reached RON 17.6 bln (EUR 3.9 bln), up by 1.8 per cent compared to the end of last year, in contrast to a drop of approximately 3.3 percent at the banking system’s level. The clients’ deposits reached a level of RON 15.2 bln (EUR 3.4 bln), up by approximately 10 percent compared to the similar period last year, in contrast to a growth of 9.3 percent at the banking system’s level.

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