- Home
- English
- BUCHAREST, (13.02.2011, 12:52)
- Florentina Dragu , Florentina Dragu ,
Online news - Breaking news and last minute updates - Last update: 14:03, 23 decembrie 2024
mediafax
- Home
- Video
- Politics
- Economic
- Social
- Sports
- International
- Science
- Culture
- Life
- One book a day
- Weather
- Talks
- English
Romanian Banks Post First Annual Loss Since 1999
Romanian banks reported combined losses of 304 million lei (EUR1=RON4.2649) in 2010, for the first time in 11 years, people familiar with the matter told MEDIAFAX Friday.
27 viewsRomanian Banks Post First Annual Loss Since 1999
In 2009, the local banking industry earned RON815 million, with 22 out of 42 active lenders reporting profit.
According to the people familiar with the matter, 20 banks registered profit in 2010.
They said net assets in the system reached RON341.8 billion in 2010, up 3.53% on the year, while total provisions rose 57% to RON23.5 billion.
The solvency ratio of the Romanian banking market reached 14.66% at the end of 2010, well above the central bank's requirement of 10%.
If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »
The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.