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ING Bank Romania, net profit drops to 320 million RON in Q1

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ING announced in the first semester a profit before tax dropping to 369 million RON, by 18 pct smaller than last year, and a net profit of 320 million RON, dropping by 17 pct, according to a release of the bank.

According to the quoted source, total incomes recorded an increase of 4 pct, reaching 1.05 billion RON. The credit portfolio reached the total value of 27.9 billion RON, recording a 2 pct increase. Crediting for individuals grew more rapidly than in the case of companies, reaching a share of 61 pct of the entire portfolio.

The bank mentions that the deposit…

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