The bank ramped up lending,managing to expand its gross portfolio by almost 13%, way above themarket average, but factors such as the soaring risk cost or thehalved profit from financial transactions hurt its annual netfigure.
The loan portfolio reached13.5bn lei, but in parallel the amount of bad loan provisionsleaped by 67%, to 1.46bn lei.
The stepped up lending wasnot reflected in the asset increase, which reached less by 1%, to20.42bn lei, particularly as older loans reachedmaturity.
Among new loans, too, over40% had a maturity term of less than one year, with the main weightbeing held by credit lines for companies. The corporate unitstrengthened its position in the bank, bringing almost 62% of theloan portfolio.
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