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December 1, 2022

Raiffeisen, Transilvania Bank and BCR, most profitable banks in 2013

Raiffeisen Bank remained the most profitable bank on the market last year, with a net result of RON 458 million, followed by Transilvania Bank with RON 375 million and BCR with RON 336 million, according to data centralized by zf.ro. The rankings of the top five profits in the banking system is completed by ING Bank, with a gross profit of RON 216 million and Garanti Bank with RON 93 million.  BCR, the major bank in terms of assets held, remained in the top five of the most profitable players in the banking system after a tough restructuring, overcoming the shock of RON 1.2 billion losses in 2012. Yesterday, the banking institution announced in a press release that they granted loans in domestic currency in excess of RON 1.5 billion, 40 per cent of which represented overdrafts and credit cards. The Turkish bank Garanti managed to get into the top five as some major banks such as BRD, Volksbank and Bancpost reported losses and others had drastically lowered profits.
“The situation of the banking system is a good reflection of the economy. The low number of banks with a profit is vulnerability in the system. The losses must be absorbed and the banks cannot run their basic activity in a normal manner. It is true that the demand for loans was not quite good,” commented economic expert Aurelian Dochia. At a cumulated level, the banking system reported a net profit of almost half a billion RON last year, compared to a record loss of RON 2.3 billion in 2012.

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