31 August 2009
Intesa Sanpaolos operating profit pared to 4 million euros in H1
Intesa Sanpaolo Bank Romania said its net operating profit fell 31% year-on-year in first half, to 16 million lei (4 million euros).
The bank’s total assets increased 8.3% in the six months through June, up to 3.02 billion lei (718 million euros).
Intesa’s loan book advanced by 7.2% in the year ending June 2009, up to 1.95 billion lei (464 million euros), up 6.4% compared to end-2008.
The bank’s deposit portfolio almost doubled YoY in the period under review up to 939 million lei (223 million euros).
“Intesa Sanpaolo Bank has responsibly adapted to a crisis-ridden environment. Our mission is to meet our clients’ financing needs as well as to protect the investments of our deponents. We have continued our activities with the responsibility and prudence imposed by the current economic conditions”, said the managing director of Intesa Sanpaolo Bank, Nicola Calabro.
The bank’s revenues soared 38% YoY over the last six months this year, up to 84 million lei (20 million euros).
Intesa Sanpaolo Bank Romania is fully-owned subsidiary of Italian-based banking group Intesa Sanpaolo.
Intesa’s loan book advanced by 7.2% in the year ending June 2009, up to 1.95 billion lei (464 million euros), up 6.4% compared to end-2008.
The bank’s deposit portfolio almost doubled YoY in the period under review up to 939 million lei (223 million euros).
“Intesa Sanpaolo Bank has responsibly adapted to a crisis-ridden environment. Our mission is to meet our clients’ financing needs as well as to protect the investments of our deponents. We have continued our activities with the responsibility and prudence imposed by the current economic conditions”, said the managing director of Intesa Sanpaolo Bank, Nicola Calabro.
The bank’s revenues soared 38% YoY over the last six months this year, up to 84 million lei (20 million euros).
Intesa Sanpaolo Bank Romania is fully-owned subsidiary of Italian-based banking group Intesa Sanpaolo.