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).
The Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
