Banks totalled in four of the last six years cumulative losses of RON 8 billion, while in two years registered benefits of RON 0.9 billion, thus a net loss of RON 7.1 billion, announced the first deputy central bank governor Florin Georgescu. Last year’s total loss was of RON 4.5 billion.
“Four years of losses and two years of profit. Losses in euro mean EUR 1.6 billion. The loss would have led to a weakened system, had it not been accompanied by continuous efforts by banks, but the Supervision Department has continuously monitored the situation and managed to determine the equity, the irreversible capital with which the shareholders contributed, those who had to bear the losses,” said Georgescu, during a parliamentary hearing.
Two weeks ago, BNR governor Mugur Isarescu said the banking system recorded after the first 11 months of last year losses amounting to RON 3.58 billion, in the context of removal of bad loans off the banks’ balance sheets.
According to BNR, the provisions set by banks in the process of cleaning the portfolios of bad loans have led to a net loss of the system during the first nine months of 2014 of RON 1.58 billion.