Emporiki Bank increased losses in the first half 2009 by 246% to 8.97 million euros from year-ago period, while total assets almost doubled year-on-year, the lender told NewsIn.
In the six months through June, Emporiki Bank Romania recorded net loss of 2.592 million euros. The total assets of the Greek-based lender’s operations in Romania went up to 200.69 million euros, 49% up from year-ago half, and by 10% from the beginning of the year.
The bank’s loan book increased to 111.93 million euros, 33.5% up from a year earlier (83.89 million euros) and 1.75% more than end-2008.
Retail loans account for 25% of the bank’s total lending, namely 27.98 million euros.
Romanian subsidiary of Emporiki Bank has increased its retail loan book by 33% in the first half this year, while deposits portfolio grew by 16% in the period under review.
