Banca Romaneasca 9-mo After Tax Profit More Than Doubles

The bank’s core profit rose by 82% to 14 million euro in the same period, NBG said in a report.

Banca Romaneasca's loan portfolio rose by 70% to 2.167 billion euro, including 1.035 billion in retail loans, which rose by 69% on the year. Deposits rose by 27% to 731 million euro.

The bank had a network of 131 branches at the end of September and employed 1,676.

NBG owns a 88.866% stake in Banca Romaneasca. The European Bank for Reconstruction and Development holds 10.185%.

($ = 0.7856 euro)