The bank had a net profit of 46 million lei in the first quarter last year.

Its net revenues added 26 percent year-on-year in the first quarter, from 148 to 187 million lei. Total sssets rose 21.5 percent from March 2008 to March 2009, from 7.45 billion lei to 9.05 billion lei, according to the bank.

Deposits collected by Piraeus Bank Romania boosted 80 percent from March last year to March 2009 and reached 1.07 billion euros at the end of the first quarter. Credits granted on the local market increased 10 percent in the same period, from 1.64 billion euros to 1.8 billion euros.

Piraeus Bank Romania counted a 180 unit-network at the end of March.