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March 31, 2023

Intesa Sanpaolo Bank Romania tripled its net profit in 2017

Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo, leader in Italy and one of the most solid banks in the Euro Zone, has recorded an operating income of RON 154 million and a net profit of RON 43 million in 2017, three times higher than in 2016.

The strategic market positioning of Intesa Sanpaolo Bank as fully specialized bank focused on the Corporate and SME business segments contributed to its overall performance last year. As such, Corporate and SME loans increased by approximately 25%, from RON 1.37 billion in 2016, to RON 1.71 billion in 2017. The total volume of Corporate and SME deposits grew by 15%, from RON 1.07 billion in 2016, to RON 1.23 billion in 2017.

Additionally, Intesa Sanpaolo Romania’s asset volume registered an 8% increase last year, to RON 4.78 billion.

“Our aim is to further consolidate our position in Romania mainly on Corporate and SME segments. We are here to support and finance the growth and development of SME and large companies domestic and multinationals, by offering a wide range of specialized products and services at local level, as well as access to the global platform and technical know-how provided by our Group”, stated Marco Capellini, CEO of Intesa Sanpaolo Bank  Romania.

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