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 first self-service mobile phone repair shop in Romania opened in the city of Iasi, aimed at promoting sustainability and the right of users to maintain their own devices in safe and efficient conditions. The initiative aims to promote the right to repair, following European Directive 2024/1799, to support the tech community and DIY repair […]
Ukrainian refugees living in Cluj County, central Romania, have restored a playground in the suburb of Florești as a sign of gratitude for the support offered by Romanians after the start of the war in Ukraine. According to representatives of the Association of Ukrainian Youth in Romania (or ATUR), this project was entirely funded and […]
The Brașov Jazz & Blues Festival returns for its 13th edition from August 14 to 17, transforming the city into a multi-stage celebration of jazz, blues, gospel, and live improvisation. This year's edition will take place in seven locations across Brașov and nearby areas, featuring live music, film screenings, jam sessions, and family-friendly activities. The […]
Affinity Life Care, the largest private network of residential centers for the elderly in Romania, announced the attraction of a growth equity investment from BlackPeak Capital, a private equity fund active in Southeastern Europe. At the moment, Affinity operates three centers in the most important areas of the Romanian capital, with a capacity of over […]
Tensions have emerged within Romania's ruling coalition following disagreements over the state funerals of former president Ion Iliescu. The Social Democratic Party (PSD) announced on Wednesday, August 6, that it would suspend participation in coalition meetings, citing what it described as "public incitement to hatred" from the Save Romania Union (USR). The dispute centers on […]
When you’re craving something out of the ordinary, Boromir’s collection of Slowly Leavened Croissants with Natural Sourdough is here to transform your snacking experience. We’ve turned your search for a unique, memorable flavor into a delightful range of croissants where every bite is a surprise. With their irresistible combination of textures and flavors, Boromir Croissants […]
