The net profit of commercial bank RoBank fell 36.4% compared with 2002, from 187.1bn ROL to 119bn ROL, a decline the bank accepted in order to maintain a high liquidity level. "The profit decline last year can be pinned on a strategy to maintain a higher liquidity level than in the previous years. It was decided that the bank should keep a high liquidity level last year, when the changes in the shareholder structure began. It is a known fact that the profitability is the price paid for liquidity. For instance, whereas the share of granted credits in the total assets amounted to nearly 65% in 2002, which was much more than the system average, this indicator went down to 47%-50% last year. Crediting is the best way to make money. Since more than 80% of our loans are short-term (up to six months) ones, it is only natural that once the exposure on crediting has dropped, the profitability would follow suit," Gabriela Tudor, RoBank vice-president told Ziarul Financiar. ZF
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
