Net Profit of Loan-Saving Associations Decreased by 10,9%
OREANDA-NEWS. June 12, 2009. According to the National Commission for Financial Market, revenues from the interests on the loans issued have increased by 7.8 million leis or 28.9% and the cost of the interests on deposits- decreased by 0.4 million lei or 10%.
The cost of the other interests (bank credits and received loans) increased by 54%. The associations’ costs for remuneration of the external financing sources are covered by the income from lending activities. 10% decrease in the costs of interests on the saving deposits is stipulated by the lower levels of savings attracted in the form of deposits.
As of March 31, 2009, the aggregate amount of the loans granted to the members of associations totaled 522.9 million leis, increasing by 5.8% as compared to the late first quarter of 2008. Loans for the period of up to one year account for 73,4% of the total loans issued. As of late first quarter, 2009, maximum share (93%) accounted for the loans under the contacts (standards) and 4.6% for the loans under supervision.
During the reporting period, the negative trend of the quality of loan portfolio was observed- the share of loans "standard" fell by 5 points as compared to the same period of 2008.
Комментарии