October 30 (SeeNews) - Romania's Banca Comerciala Carpatica [BSE:BCC] said on Friday its net loss widened to 26.5 million lei ($6.6 million/6.0 million euro) in the first nine months of 2015 from 21.7 million lei a year ago.
The bank's net income fell 19% to 81.3 million lei through September, primarily reflecting lower revenues from financial assets, Banca Carpatica said in a statement.
Net income from commercial activities rose by 15% to 62.1 million lei as a result of the reduction in provisions volume, it added.
Net loans to customers decreased by 17% to 863 million lei mainly due to loans repayments and to the limited level of lending caused by the capital shortage. Deposits from customers fell by 4% as compared to those of end-2014, to 2.77 billion lei.
Loans-to-deposit ratio was 40%, as compared with 52% at end- 2014, reflecting the liquidity excess available to support future growth, the bank said.
The bank's capital ratio was 8.6%, down from 10.8% at end-2014.
Total assets fell to 3.08 billion lei at end-September from 3.25 billion lei at the end of 2014.
On June 27, the bank announced that exclusive talks had started with J.C. Flowers about a 110 million lei injection in capital, after the bank's shareholders approved a capital reduction followed by a capital increase.
In early September, a sales purchase agreement was signed with a group of shareholders holding 57 % of the bank shares. On October 9, the bank's shareholders reinforced their support towards J.C. Flowers’ participation as a potential new major shareholder.
In the meantime, the bank has successfully finalised the capital decrease while taking the necessary steps to exercise its preferential rights with regards to the capital increase.
"The bank’s management team decided to postpone any meeting with investors until completion of the capital increase and until a new major investor is brought in," the statement added.
Banca Comerciala Carpatica is headquartered in the central city of Sibiu.
(1 euro = 4.4349 Romanian lei)
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