Romanian banks\u2019 aggregated net profit increased by nearly 11% y\/y to RON 3.7 billion (EUR 748 million) in Q1, marking a new record, according to data published by the National Bank of Romania (BNR).<\/p>\n
The aggregated banks\u2019 assets increased by 15% y\/y to RON 823 billion (EUR 166 billion) at the end of March \u2013 three times faster than the stock of non-government loans \u2013 in the quarter.\u00a0<\/p>\n
The equity increased by 20% to RON 75.2 billion (EUR 15.1 billion) at the end of March, boosted by capital consolidation and accumulation of profits.\u00a0<\/p>\n
The larger denominators resulted in slightly lower profitability ratios in Q1 this year compared to the same period last year: 1.8% return on assets (ROA, 1.9% in Q1, 2023) and 19.8% return on assets (ROA, 21.3% in Q1, 2023).<\/p>\n
On the upside, capital adequacy increased to 22.9% in Q1 this year from 21.6% in the same period last year.\u00a0<\/p>\n
The loan-to-asset ratio (66%), which reflects how much of their resources the banking system is using to extend loans, dropped to the weakest level since the COVID-19 crisis froze lending in a first stage before the Government intervened with targeted guarantees.\u00a0<\/p>\n
The non-performing loan (NPL) ratio dropped to 2.4% at the end of March 2024, down from 2.7% one year earlier.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Inquam Photos\/Octav Ganea)<\/em><\/p>","protected":false},"excerpt":{"rendered":" Romanian banks\u2019 aggregated net profit increased by nearly 11% y\/y to RON 3.7 billion (EUR 748 million) in Q1, marking a new record, according to data published by the National Bank of Romania (BNR). The aggregated banks\u2019 assets increased by 15% y\/y to RON 823 billion (EUR 166 billion) at the end of March \u2013 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-228","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=228"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/228\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}