BUSINESS BUSINESS ECONOMY FINANCE&BANKING

Romania’s central bank profit down 30pct to 783.45 million lei in 2015

The National Bank of Romania (BNR, the central bank) published its 2015 report on its website; it shows a profit of 783.45 million lei (nearly 173 million euros at the current exchange rate), down by 30 per cent from 1.12 billion lei in 2014.
Operational profits of 895.16 million lei were 29.5pct below the 2014 figure of 1.27 billion lei. The foreign currencies assets and liabilities were reevaluated down by 111.7 million lei, from 149.67 million lei at end-2014.
BNR’s own capitals (net assets) maintained a significant positive value of 16.18 billion lei, up by 5.9pct year on year, which mirrors ‘the sustainable financial position of the central bank,’ the report asserts.
The balance structure on 31 December 2015 shows 98.6pct of total assets were foreign assets, while 22.4 of total liabilities were drawn by the BNR as minimum reserve requirements of credit institutions, 31.7pct cash in circulation, 22.3pct assets of the State Treasury at the BNR, and 0.3pct the remaining debt to the International Monetary Fund.

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