Intesa Sanpaolo: profits down by half, deposits up by three-quarters
June 2010 - From the Print Edition
Intesa Sanpaolo Bank Romania last year witnessed over a 50 per cent decline in net profit to 8.9 million Euro, compared to 20.4 million Euro profit in 2008.
Nevertheless the volume of deposits and credits the bank granted to customers increased, despite the ongoing financial crisis.
This was partly because the bank was in the middle of a nationwide branch expansion programme.
In 2009 Intesa Sanpaolo Bank Romania registered a 73 per cent increase in individual customer deposits v...
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