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Moldova's Banca de Economii 9-mo Net Profit Rises 41.4% Y/Y - Table

Oct 23, 2008, 3:14:33 PMArticle by Kristina Belkina
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October 23 (SeeNews) - The nine-month net profit of Moldovan savings bank Banca de Economii rose 41.4% on the year to 186.8 million lei ($18.1 million/14 million euro), the bank said on Thursday.

Moldova's Banca de Economii 9-mo Net Profit Rises 41.4% Y/Y - Table

Following are figures from Banca de Economii's balance sheet and income statement:

(in millions of lei) Jan-Sept'08 Jan-Sept'07
Net Profit 186.8 132.1
Interest Income 283.9 305.1
Total Assets 3,626.4 4,085.6
Credit Portfolio 2,011.0 1,706.2
Deposits 2,703.7 3,392.5

Banca de Economii is the fourth-largest bank by assets with the largest branch network among the 16 commercial banks operating in Moldova. Banca de Economii is the sole majority state-owned bank in Moldova.

Last month the country’s government selected France's BNP Paribas Corporate and Investment Banking as a financial advisor in the sale of its 56.13% stake in the bank.

(1 euro=13.2695 Moldovan lei)

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