Outstanding financial performance is driven by the sustainable business model and a good income generating capacity.
Bank's total revenue was 693.5 million lei (eur 157.9 million) in the first six months of the year, up 17.3% compared to the same period in 2012 mainly due to higher income from commissions - generated by growing volumes - and from trading operations.
In the first half of the year, operating expenses reached 320.7 million lei (eur 73 million), up 2.5% compared to the first half of 2012, a rate two times smaller than the average annual inflation (5, 4%).
Read the entire article in Romanian, here.
