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).
At 24 years old, Romanian Claudiu Fusaru is the youngest T-38 instructor in the 469th Squadron of the Euro-NATO Joint Jet Pilot Training (ENJJPT), the most complex international program for training NATO fighter pilots. The pilot training program, active since 1981, brings together 14 NATO nations and trains the best fighter pilots in the world […]
The Romanian General Prosecutor’s Office and the Directorate for the Investigation of Economic Crime conducted searches at companies part of the Tinmar group on Thursday, November 6, Economedia.ro reported. The company, one of the largest energy traders in...
The Romanian government has approved a new emergency ordinance that introduces major fines for feeding wild bears, environment minister Diana Buzoianu announced on Thursday, November 6. The legislation also defines key terms such as "feeding of bears" and "habituated bear," aiming to curb practices that draw wildlife into populated areas,
The American defense technology company Allen Control Systems (or ACS) has signed a memorandum of understanding with the Romanian Armed Forces for the joint production of autonomous anti-drone turrets in Romania. ACS recently signed two contracts for the delivery of its autonomous Bullfrog turret to the armies of South Korea and the United Arab Emirates. […]
Global environmental NGO Greenpeace saluted the fact that Romania adopted a new normative act on Thursday, November 6, creating the necessary legislative framework so that citizens, municipalities, NGOs, and small enterprises can jointly produce, manage, and consume renewable energy. The framework was finally created “after nearly three years of waiting and requests from local authorities […]
Roweb, compania românească din spatele software-ului nr.1 din Belgia în Real Estate În timp ce România continuă să importe mai mult decât exportă, companii locale precum Roweb demonstrează că soluțiile digitale și inteligența artificială pot echilibra balanța și pot pune țara pe harta inovației europene. AI made in Romania: de la cod la […]
