English
Intesa Sanpaolo Bank has announced a 31% year-on-year decline in the net operating profit made in the first half of the year to 16 million RON, according to a press release to BURSA.
The bank reported an overall asset value of 3.02 billion RON (718 million EUR), up by 8.3% year-on-year at the end of the reporting period.
The value of loans disbursed by the bank increased by 7.2% year-on-year to 1.95 billion RON (464 million EUR), whereas the overall value of deposits gained 50% to 939 million RON (223 million EUR).
Intesa Sanpaolo Bank also reported H1 revenues of 84 million RON (20 million EUR), up by 38% from the first half of 2008.
Supporting the customers" need for financing and protecting their accounts were the bank"s main priorities in the reporting period, according to Intesa Sanpaolo Bank Chief Executive Officer Nicola Calabro.
In turn, Chief Business Officer Riccardo Parasporo reiterated his confidence in the bank"s position on the market: "The support of a strong shareholder, who has maintained its position among leading financial groups is an important competitive advantage for us. We have managed to attract a significant volume of deposits from the general population, which proves their confidence in the soundness of our bank."
Intesa Sanpaolo Bank Romania is part of the Italian-base financial group Intesa Sanpaolo. At the end of H1, 2009, the Romanian subsidiary had an equity of 545 million RON (130 million EUR) and operated 100 branches and agencies countrywide.
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