August 12 (SeeNews) - The net profit of ING Bank Romania rose 12% year-on-year to 385 million lei ($91 million/ 81 million euro) in the first six months of 2019 on the back of growing revenues, the bank said on Monday.
ING Bank Romania's loan portfolio grew 6% to 27.3 billion lei in the first six months of 2019, increasing the bank's share of the loan segment in the country to 10.4% from 9% in the like period of last year, the lender said in a statement.
Deposits grew 12% to 33 billion lei, representing a market share of 9.3%.
ING Bank Romania attracted more than 110,000 new active clients in the first half of the year, reaching a total of 1.35 million active customers.
The bank's revenues grew 15% on the year to 1 billion lei in the first six months of 2019 as a result of increased volumes and growth of margins, while operating costs rose 1% to 451 million lei.
Risk costs amounted to 103 million lei due to portfolio diversification.
ING Bank Romania's NPL ratio was 3.3% at the end of June, 0.1% higher than a year earlier.
ING Bank Romania is a unit of Dutch banking group ING, which entered the Romanian market in 1994 and started developing its retail business in the country in 2004.
(1 euro=4.7265 lei)