Consolidated operating revenue registered a robust level of RON 1.52 bln (EUR 342 M) last year, despite a context marked by the continued reduction of interest margins on the market. Operating expenses reached RON 777.5 M (EUR 174.9 M), against the backdrop in which the bank continued to carefully monitor its costs. Consequently, in 2015, UniCredit Bank registered a comfortable consolidated operating profit of RON 743.9 M (EUR 167 M). During the same period, the net consolidated profit before non-controlling interest stood at RON 269.5 M (EUR 60.6 M), in contrast to RON 143.8 M (EUR 32.3 M) in 2014.
UniCredit Bank’s financial indicators reveal a balanced position: the return on equity (ROE) stood at 8.3 per cent at the end of 2015, while the return on assets (ROA) stood at 0.8 per cent. The ratio between costs and revenues stood at 51.1 per cent.
Just like in previous years, the bank carefully analyzed actual and potential risks, properly reflecting them in its provisioning level. Thus, the provisions for loans reached RON 406.6 M (EUR 91.5 M) at the end of last year. The loan loss coverage ratio stood at 8.9 per cent, and the annualized risk cost at 186 basis points. The bad loans rate, including exposures featuring improbable full repayment of loan obligations (EBA definition) stood at 14.40 per cent.
The volume of consolidated assets stood at RON 34.6 bln (EUR 7.6 bln) on 31 December 2015, up by 6.8 per cent year-on-year. The gross loan portfolio (including capital lease) stood at RON 23.9 bln (EUR 5.3 bln), its positive evolution being mainly backed by a 7.3 per cent growth in the corporate area and 11.1 per cent growth in capital lease. At the same time, deposits reached a volume of RON 17.9 bln (EUR 3.9 bln).