EFG Eurobank Greek financial group, the owner of Bancpost, lastyear posted net income worth 15.8m euros from Romanian operations,compared with an 8.3m-euro loss in 2009.
The results the group reported in Athens are calculated in linewith IFRS.
Assets dropped by 4.6% and reached 5.35bn euros, mainly amid thenarrowing loan portfolio.
These are the last figures generated under the executive term ofMihai Bogza, who starting January was left with the Bancpostchairman of the board position, while the executive position wastaken over by Peter Weiss, the former head of ABN Amro (whichbecame RBS Romania).
Bancpost, ranking ninth domestically in terms of end-2010 assets,has struggled a lot with the loan portfolio over the past twoyears, which had grown exponentially amid the economic boom. Thecrisis and the lack of a sufficient mass of corporate and retailclients dramatically hurt the bank's figures. EFG had to add over100m euros to Bancpost's capital and the bank cleaned up itsbalance sheet.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
