ING sees gross profit up 52% to 128m lei - financiare.ro
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News » March, 2011 » 10 March 2011

ING sees gross profit up 52% to 128m lei
10.03.2011, 13:51 | Finance-Banks | 570 views



ING Bank, the local branch of the Dutch group, ended last year with a 128 million-lei gross profit, up 52% against 2009 due to the significant cut in provision costs.

"The earnings therefore exceeded the high reached in 2008, before the crisis. All business lines were profitable. Retail also posted several million lei in profit last year," said Mişu Negriţoiu, general manager of the bank, mentioning that the commercial banking division (big companies) had the biggest contribution to the profit, followed by the medium-sized companies division and the retail division.

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