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Intesa Sanpaolo Bank Romania, triple net profit in 2017

Institute's asset volume registered an 8 pc increase last year

07 February, 16:12
(ANSA) - BUCHAREST - Intesa Sanpaolo Bank, the Romanian subsidiary of Italy's Intesa Sanpaolo, has recorded an operating income of RON 154 million and a net profit of RON 43 million in 2017, three times higher than in 2016, a press release informs, as The Romania Journal reported. ''Our aim is to further consolidate our position in Romania mainly on Corporate and SME segments. We are here to support and finance the growth and development of SME and large companies domestic and multinatinals, by offering a wide range of specialized products and services at local level, as well as access to the global platform and technical know how provided by our Group'', stated Marco Capellini, CEO of Intesa Sanpaolo Bank Romania.

Corporate and SME loans increased by approximately 25 percent, from RON 1.37 billion in 2016, to RON 1.71 billion in 2017. The total volume of Corporate and SME deposits grew by 15 percent, from RON 1.07 billion in 2016, to RON 1.23 billion in 2017.

Additionally, Intesa Sanpaolo Romania's asset volume registered an 8 percent increase last year, to RON 4.78 billion.

Intesa Sanpaolo Group is the leader in Italy and among the top banking groups in the Eurozone, with a network of 5,900 branches, which serve 20 million clients in 40 countries around the world. (ANSA).

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