Your bank reported solid growth in SME lending and deposits in the first half in 2014. Can you please offer few details about the first semester's financial results?
Indeed, at the end of June 2014 Garanti Bank registered net revenues of 57.7 million Euro, a growth of 8.6 per cent year-on-year, and a net profit of 13.9 million Euro. The number of our customers also grew by 11.9 per cent, in the first half, while the overall loan volume in all segments (SME, corporate and retail) reached 1.47 billion Euro, an 8.8 per cent increase. The volume of customer deposits also rose by 45.3 per cent.
Our SME customer portfolio comprises 25,000 customers, and we have reached a total volume of active loans of more than 300 million Euro granted to this sector. At the same time, the average annual increase in the volume of SME customer deposits has been 42.5 per cent in the last four years.
Our aim is to constantly continue to grow by opening new branches this year in different cities. We will see a further increase in our market shares in both loans and deposits.
What are the main types of projects that have been financed by Garanti Bank in 2014?
Garanti Bank has always been a top, trustworthy financial partner for entrepreneurs and small and medium-sized companies. Through dedicated activities and continuous support of this sector, we will continue to contribute to the growth of the Romanian economy.
As such, at the beginning of the year, we received 50 million Euro from the European Investment Bank (EIB) to finance projects promoted by SMEs, mid-cap companies and public sector entities.
Indeed, at the end of June 2014 Garanti Bank registered net revenues of 57.7 million Euro, a growth of 8.6 per cent year-on-year, and a net profit of 13.9 million Euro. The number of our customers also grew by 11.9 per cent, in the first half, while the overall loan volume in all segments (SME, corporate and retail) reached 1.47 billion Euro, an 8.8 per cent increase. The volume of customer deposits also rose by 45.3 per cent.
Our SME customer portfolio comprises 25,000 customers, and we have reached a total volume of active loans of more than 300 million Euro granted to this sector. At the same time, the average annual increase in the volume of SME customer deposits has been 42.5 per cent in the last four years.
Our aim is to constantly continue to grow by opening new branches this year in different cities. We will see a further increase in our market shares in both loans and deposits.
What are the main types of projects that have been financed by Garanti Bank in 2014?
Garanti Bank has always been a top, trustworthy financial partner for entrepreneurs and small and medium-sized companies. Through dedicated activities and continuous support of this sector, we will continue to contribute to the growth of the Romanian economy.
As such, at the beginning of the year, we received 50 million Euro from the European Investment Bank (EIB) to finance projects promoted by SMEs, mid-cap companies and public sector entities.
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