Romanian banking system posts profits 15% yoy in first quarter

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The Romanian banking system boasted of 1.9 billion RON (383 million euros) in the first quarter of the year, 17.3% (+ 15% in euros) more compared to the same period of 2020, according to calculations based on data published by the National Bank of Romania (BNR).

Return on Assets (ROA) is 1.33%, compared to 0.95% for the whole of 2020 and 1.27% in the first quarter of last year.

Return on equity (ROE) also improved year over year, to 12.2% from 8.7% in 2020 and 11.7% in the first quarter of last year.

Banking system assets increased significantly by 11% year-on-year to RON 575 billion (€ 117 billion) thanks to deposits, while loans increased slightly.

At the end of March, the stock of deposits was up 14.7% yoy (to RON 431 billion), while the stock of deposits had grown only 6.6% yoy to RON 291 billion. . Thus, the loan / deposit ratio fell further to 66% at the end of March against 71% a year earlier.

On the upside, capital adequacy strengthened to an all-time high of 24.6% – from 20.4% a year earlier, with excessive resources on banks’ balance sheets.

Regarding the quality of the bank’s portfolio, the ratio of non-performing loans calculated using the EBA methodology recovered slightly to 3.9% at the end of March against 3.8% at the end of last year. , but it is still at the same level as in March 2020.

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(Photo source: Inquam Photos / Octav Ganea)



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