Banca Comerciala Carpatica (Carpatica Commercial bank) posted nine-month gross profit worth 141 billion ROL (3.4 million euros), up 53% in nominal terms from the corresponding period of last year. The bank's nine-month net profit amounted to 109.4 billion ROL (2.7 million euros).
The total value of Carpatica's assets reached 4,222 billion ROL (102 million euros), up 61.4% as compared to the end of September 2003. The bank's equity climbed 76.3%, up to 1,065 billion ROL, as Carpatica attracted cash from its shareholders in the first half of the year, under a capital increase.
Banca Carpatica officials say that nine-month results point to better-than-expected results for this year. "The forecasts included in this year's spending and revenue budget will surely be exceeded, for all the indicators. We anticipate total assets worth 4,500 billion ROL, equity of more than 1,200 billion ROL and gross results in excess of 200 billion ROL," said Nicolae Hoanta, Carpatica chairman.
In a release sent to the Bucharest Stock Exchange yesterday, the bank said the arrest of one of its managers by the National Anticorruption Prosecution Office (PNA) would have no impact on the institution's activity. PNA said, last Friday, that it had detained the manager of Banca Carpatica's Targoviste-based branch, as he had been accused of receiving bribe in exchange for granting some loans.
The bank's shares, listed on the Bucharest Stock Exchange, have been suspended from trading since last Thursday, as the bank is registering a capital increase. The last transaction with Banca Carpatica stock was done at 6,900 ROL/share, which puts the bank's market capitalisation at 77 million euros.
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