OREANDA-NEWS. August 21, 2009. The loan portfolio amounted to 2.02 billion leis, deposit portfolio - 3.06 billion leis, including deposits of individuals in the amount of 2.03 billion leis, which grew by 197 million leis (10.7%) as compared with late 2008, net profit of the bank totaled 37.14 million lei.

As it is noted in the bank, the first 7 months of the year were characterized by the reduced demand for credit resources, as well as by simultaneous growth of the loan risks. However, due to the effective internal procedures, measures on the reduction of the basic costs and overall quality of its loan portfolio the bank has achieved financial performance at a reasonable level. It should be noted that the size of the non-interest bank’s income exceeded administrative and operating expenses.

As of July 31, 2009, “Banca de Economii” has the highest indicator of operating profitability - 11.5%. Return on assets (ROA) during the reporting period amounted to 1.60%, return on equity (ROE) - 7,50%. "Banca de Economii" is the second bank in Moldova on the size of equity.

As of July 31, 2009, it exceeded 861 million leis, increasing by 4.50% in 2009 due to the profits earned during the reporting period. "Banca de Economii" remains the bank with the largest geographical coverage in Moldova, with a network of more than 100 ATMs and 400 POS terminals, and one of the leaders at the market of the banking cards. As the result of the analysis of the banking market of Moldova in 2009, "Finance Central Europe" publication recognized "Banca de Economii" the best bank in Moldova on ROE and the president of the bank Grigorii Gachkevichi was awarded the title the "Banker-2009 in Moldova”.