Patria Bank posted a net profit of 6.05 million RON, after the first half of this year, rising by 27% from the same period of 2020, which came from the favorable evolution of both operational income, as well as from the contraction of operational costs which led to an operational result of 85% larger, according to the half-year Report of the bank sent on Tuesday to the Bucharest Stock Exchange.During the first half of this year, Patria Bank granted loans worth over 492.5 million RON, which led to an increase of the performing loans by 10%, namely 174 million RON, when comparing to December 2020. The portfolio of non-performing loans registered a marginal increase of 5 million RON (+2%).The share of net loans in total assets is placed ad 55%, from 52% in December 2020.The bank's total assets cumulated 3.48 billion RON, with a slight increase (1%) from the end of 2020, due to the modification of the balance sheet structure.The credit portfolio (net value) registered an increase of 15%, or 250 million RON from June 2020 and an advance of 9% or 162 million RON, as opposed to December 31, 2020.Patria Bank is a Romanian bank dedicated to increasing the banking degree in Romania and supporting entrepreneurs and local businesses.The Patria Bank Group has as a majority shareholder the Emerging Europe Accession Fund Investment Group (EEAF), a private equity fund whose main investors are the European Bank for Reconstruction and Development (EBRD), the European Investment Fund, part of the European Investment Bank Group, DEG (Development Bank, part of the KFW banking Group) and BSTDB (Black Sea Trade and Development Bank).
June is the richest month. The most awaited two weeks in my annual festival pilgrimage. The route starts with Romania’s Transilvania International Film Festival (TIFF), followed by Italy’s (and the world’s) most comprehensive festival for restored and archival film: Il Cinema Ritrovato. To shake up the traditional article on the two, I’ll start with the […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
