Assets of banks from Romania to RON 393.7 bln in March, spike by 6.3 pct in Q1

Assets of Romanian banks amounted to RON 393.7 billion in March, recording a 6.3 percent spike in the first quarter of this year, due to the reduction of non-performative loans and the maintenance of a constant profit/assets ratio, according to the data of the National Bank of Romania (BNR).
The return on assets indicator (ROA), representing the ratio between the annual profit and assets, reached 1.26 percent in the first quarter of this year, similar with the level of the first quarter of 2016, the cummulated profits of Romanian banks reached RON 1.2 billion in the first quarter of 017, according to News.ro.

The assets of Romanian banks reached 6.3 percent in the last year, from RON 370.2 billion in March 2016, but reached a level close to the one from the end of 2016, RON 393.6 billion. On March 31, the average rate of the non-performing loans at the level of the banking sector dropped to 9.36 percent from 9.62 percent at the end of 2016 and 13.52 percent in March 2016. Also, the solvency rate climbed at the end of March to 19.8 percent from 19.68 percent in December and over the minimum level required by the banking norms, of 8 percent, according to the data of BNR.

In 2015 banks obtained a cumulated profit of RON 4.68 billion, corresponding to a profitability of assets of 1.24 percent.