Carpatica Bank profit rises 18 times, in Q1

Carpatica Commercial Bank (BCC) posted, in Q1 2008, a net profit worth 2.644 RON, 18 times higher than in the same period last year, according to a financial report posted on the site of Bucharest Stock Exchange.
BCC ended Q 1 with assets of 2.3 billion RON, slightly more than at the end of last year. 55.45 percent of the assets are liabilities.
BCC’s revenues stood at 151.273 million RON, and the expenses at 148.629 RON. The total revenues of the bank increased 97.15 percent, and the expenses 95.23 percent, due to a sustained effort of the bank, in the conditions of strong competition.
"This year, our institution is implementing some projects aimed at making the passage from the extensive development so far, to intensive development, starting this year", said BCC general manager Nicolaie Hoanta.
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