Romania’s Banking System Sees RON2.77B Profit in H1

Romania’s Banking System Sees RON2.77B Profit in H1

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The net profit of the Romania’s banking system reached about 2.77 billion lei (EUR586 million) at the end of the first half, while assets rose to a new high of RON458.8 billion, as lending went up by more than 7%, preliminary central bank data show.

ZF NEWSRSS

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Analysis

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The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.

Today's figure

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