BNR’s profit, down by 30 pc in 2015 y-o-y

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National Bank of Romania (BNR) made a profit of RON 783.45 million in 2015, down by 30 percent compared to 2014, when the central bank reported a profit of RON 1.12 billion, the annual report published on the institution’s website reveals.

BNR recorded an operating profit of RON 895.16 million, 29.5 percent below the previous year’s operating profit (RON 1.27 billion).

Also, there were expenses associated with unfavorable differences from revaluation of foreign currency assets and liabilities on December 31, 2015 amounted to RON 111.7 million, 25.4 percent lower than the value of December 31, 2014 (RON 149.67 million).

BNR’s own capitals (net assets) maintained a significant positive value of RON 16.18 billion, up by 5.9 percent year on year, which mirrors “the sustainable financial position of the central bank,” the report asserts.

The balance structure on end-2015 shows 98.6 percent of total assets were foreign assets, while 22.4 of total liabilities were drawn by the BNR as minimum reserve requirements of credit institutions, 31.7 percent cash in circulation, 22.3 percent assets of the State Treasury at the BNR, and 0.3 percent the remaining debt to the International Monetary Fund.

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