November 22 (SeeNews) - The combined profit of Romanian banks fell by 13.2% year on year to 5 billion lei ($1.16 billion/1.05 billion euro) in the nine months through September, central bank data showed.
The non-performing loan (NPL) ratio of Romania's banking system decreased to 4.58% at the end of September, from 5.56% a year earlier, figures showed on Thursday evening.
Return on assets (ROA) stood at 1.45% and return on equity (ROE) was 13.18% in the nine-month period.
The Romanian banks' total net assets increased to 472.9 billion lei at the end of September, 6.2% higher compared with the same period in 2018.
The Romanian banking system's capital adequacy ratio fell to 19.73% at the end of September from 19.96% a year earlier.
There were 34 banks operating in Romania at the end of September 2019, compared to 35 in September 2018. The change in numbers reflects the merger of Banca Transilvania [BSE:TLV] with Bancpost in October 2018. Banca Transilvania acquired Bancpost from Greece's Eurobank Group in April 2018.
Banca Transilvania was the largest bank by assets in Southeast Europe (SEE) in 2018, according to the TOP 100 Banks in SEE ranking published by SeeNews in June.
The combined profit of Romanian banks rose 35% year-on-year to 7.17 billion lei in 2018, as the NPL ratio dropped to 4.95%.
(1 euro= 4.7808 Romanian lei)
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