Carpatica Bank back to profit in Q1, but assets are declining
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Carpatica Commercial Bank (BCC) turned to profit in the first quarter, a positive result of approximately RON 0.65 million, as compared to a loss of nearly RON 1 million in the same period last year, while assets decreased by 0.4% to about RON 3.24 billion, the institution announced on Friday.
In the first three months of last year, the bank reported a net loss of about RON 905,000 and total assets of RON 4.08 billion, which decreased by 20% until December to RON 3.25 billion.
Financial assets available for sale of the credit institution controlled by Ilie Carabulea were kept at the same level in December, to 39% of the total balance sheet, according to the quarterly financial report.
The net balance of loans decreased by 1% compared to the end of last year, to RON 1.026 billion, a dynamic recorded also by the deposits portfolio, which was adjusted to RON 2.845 billion, following the decrease in interest paid. The ratio gross loans/deposits decreased from 50.6% in December to 44.8% in March.
Non performing loan’s ratio decreased from 39% to 30% y.o.y.
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