SIMILAR ARTICLES

Historical record for trade deficit, in July 2019. We also moved to monthly deficit both in transport machinery and equipment

The trade deficit in July 2019 rose sharply to the historical record of EUR 1,755.5 million, by 38% more than in the same month of… Mai mult

Denmark, a country almost entirely digital. Interview with Rikke Zeberg, director general of the Danish Agency for Digitisation

First steps towards digitalization were made in the 60s. More recently, twelve years ago, the digital ID was introduced for all the citizens, for free.… Mai mult

Romanian companies keep up with state: investments decline by half compared to 2009

Both public and companies’ long-term investments halved in 2018 compared to 2009. This is proof that without state investments, the private sector does not have… Mai mult

Increasing trade deficit, in an increasingly difficult European context: in all other states it is the opposite

Romania is the only country in the region where results in the first half of this year in foreign trade worsened, according to data published… Mai mult

Draft law: Tax regime for foreign companies’ profits obtained in Romania is changing

The Ministry of Public Finance (MPF) will propose to the Government another emergency ordinance for amending the Tax Code and the Tax Procedure Code, after… Mai mult

Cronicile

An imbalance: Banks have earned as much as three quarters of profits of most important Romanian companies

de Adrian N Ionescu 4.9.2017

Profit or Loss Keys Showing Returns for Internet Businesses

Banks in Romania achieved net profits of about ROL 2.7 billion lei in the first half of 2017, according to the companies’ tax statements and reports of the National Bank of Romania.

In other words, the banks’ profits equal 72% of the earnings amounted to 3.7 billion lei of the most important Romanian companies, which go into debt by borrowing from banks and are listed on the Bucharest Stock Exchange (BSE).

If the profit reported by Hidroelectrica on first five months (ROL 774 million) is included, the share of the banks’ profits is 60% of the profits of the large companies in Romania.

Banks’ earnings were mainly attributable to the expenditure cuts (including the provisions for bad loans) and in the context of increasing the lending activity and increasing the revenue from interests.

The average interest rate on new loans was relatively higher between April and May than in the first quarter,” says the National Bank’s report on inflation, published in August 2017.

The largest five banks in Romania by value of assets (BCR, Banca Transilvania, BRD, Raiffeisen Bank and UniCredit Romania) registered net profits of ROL 2.04 billion in the first six months of the year, that is almost 55% of the profits of the most important companies on the stock exchange (excluding BRD and Banca Transilvania).

*

  • Results of the most important banks in Romania – H1/2017 (million lei)
  • Banks  Net profit H1 2016       Net profit H1 2017       Change (%)     Revenues H1 2016     Revenues H1 2017            Change (%)

*

Revenues from fees declined in the first semester for some of the largest banks. However, last year, the largest three banks in the system obtained cumulative revenues from interest 6.5% lower compared to 2015 (up to ROL 4.98 billion) and the revenues from fees had increased by almost 3% to ROL 1.95 billion.

Out of the large banks, BRD is noted by far, which almost doubled its profit to ROL 750 million, and Banca Transilvania (TLV) that managed to obtain an increased profit by 6.6% in the first half of the year, even in the context of the costs with the absorption of Volksbank Romania.

The 13 companies included in the BSE benchmark index, BET, recorded net cumulative profits of more than ROL 4.9 billion at June 30, 2017, results of Banca Transilvania (TLV) and BRD included.

All large companies listed on the stock exchange recorded a profit growth in the first half of 2017 compared to the same period of the last year, with two exceptions: Electrica (EL) and Transelectrica (TEL), which suffered from the market imbalance caused by the withdrawal of some energy distributors.

*

  • Results of the most important companies in Romania – H1/2017 (BET index, million lei)
  • Company        Symbol            Net profit H1 2017       Change (%)     Revenues H1 2016     Revenues H1 2017            Change (%)

*

On the other hand, the companies’ potential profit is limited by the fact that the rate of capacity utilisation in Romania “exceeds the long-term average in most industrial groupings“, according to the BNR report mentioned.

The highest capacity utilisation is provided by companies manufacturing durable goods, more than four times the long-term average (Q1/2005 – Q1/2017), followed by the companies in the sector of intermediate goods and capital goods but declining since the second half of last year.

Mergeți în homepage ›

Publicat la data de 4.9.2017

Lăsați un comentariu


NEWS

Top 3 reasons why young people leave Romania

Lack of trust in authorities, corruption and low living standards are the main reasons why young people leave Romania. The data is part of a… Mai mult

IMM Invest Romania – program implementing rules have been published

The Ministry of Public Finance announces that it has issued the methodological norms for the implementation of the Program for supporting small and medium-sized enterprises… Mai mult

Pollution import and car park expansion: comparisons with the other EU states

Romania is the EU country with the fewest cars in terms of the number of inhabitants, according to data recently published by Eurostat. We appear… Mai mult

Government is trying to save budget deficit: reductions in public administration system, cancellation of bonus for harmful conditions, excise duty on soft drinks

The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News… Mai mult

Laura Codruta Kovesi remains alone in the race for European Chief Prosecutor

French Prosecutor Jean-Francois Bohnert will be appointed as head of the European Financial Prosecutor's Office, a position for which he was heard on Thursday, 11… Mai mult

Romania - EU country with highest risk of dying in a road accident, Bulgaria is quickly decreasing number of victims since it built motorways

Romania recorded the highest road deaths in the EU also last year, with 96 deaths per one million inhabitants in 2018, almost double the EU… Mai mult

Latest developments in progress at Health Ministry: Differentiated wages based on performance, competitions organised at a regional level not by hospitals

Sorina Pintea announced on Thursday further new changes that will be brought to the functioning of the health care system, including new rules for employment… Mai mult

ANAF changes selection procedure for liquidators. Main changes

The new order on approval and selection procedures for insolvency practitioners is an important step to a very good direction, industry experts say. ANAF is… Mai mult

Romania loses competition for a seat at UN Security Council. MAE Excuse: Campaign started too late

Romania lost to Estonia in the final vote to get the non-permanent member position within the UN Security Council for the period 2020-2021. On Friday,… Mai mult

Business internationalization / eMAG makes a step to entry five new international markets and targets a business of EUR 2 billion

eMAG hopes to get the opinion of the Hungarian Competition Council over the next two months for the acquisition of Extreme Digital, the market leader… Mai mult

"At a distance from books": 85,000 teachers (one third of educational staff) are graduates of distance learning

Approximately 85,000 teachers are graduates of distance learning (ID) programs, Education Minister Ecaterina Andronescu said at a meeting with school inspectors from Caras-Severin County. The… Mai mult

Mugur Isarescu: We should make a film for Viasat History about treasure in Moscow

A book should be written or a movie should be made and sent to Viasat History about a treasure evacuated to Moscow, as it is… Mai mult