ING Bank Romania's Q1 net profit dives 27 pct YoY
Publicat:ING Bank Romania made a net profit of 143 million lei in Q1 2020, down 27 percent YoY, the bank announced in a release.
The number of customers who collect recurring revenues in an ING account advanced by 13 percent to one million, an important benchmark for the company. This strong growth was also backed by a 25 percent rise in the balance of customer deposits to 39 billion lei, which took the bank's deposit market share to 9.9 percent, by 0.9 percent more compared to March 2019.
Compared to 2019, ING Bank Romania's loan portfolio increased by 11 percent to 28.9 billion lei. The…
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