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Intesa Sanpaolo Bank Romania swings to net income in Jan-Sept

Nov 9, 2022, 5:44:14 PMArticle by Nicoleta Banila
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November 9 (SeeNews) - Intesa Sanpaolo Bank, the Romanian subsidiary of Italy's Intesa Sanpaolo Group, said on Wednesday it has booked a net income of 6 million euro ($6.02 million) during the first nine months of 2022, compared to a 1 million euro net loss in the same period of last year.

Intesa Sanpaolo Bank Romania swings to net income in Jan-Sept
Author: Banca Intesa. License: All rights reserved.

The bank's operating income rose to 33 million euro in the period under review, compared to 29 million euro in the like period a year earlier, it said in an interim financial statement on Friday.

Customer deposits totalled 1 billion euro in the January-September period, unchanged compared to last year. Customer loans were flat on the year at 900 million euro.

Non-performing loans (NPL) amounted to 20 million euro during January-September, while NPL coverage was 57%.

($=0.9959 euro)

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