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Alpha Bank Romania posts EUR 9.9 mln gross profit in H1 2019

Alpha Bank Romania, the local subsidiary of Greece’s Alpha financial group, gas registered a gross profit of EUR 9.9 million in the first half of this year, down 37 percent against H1 2018, as operating expenses rose faster than revenues. Operating revenues increased by 6.6 percent, to EUR 68.7 million, while operating expenses advanced by 9.7 percent to EUR 52.7 million, “mainly as a result of the increase in the contribution to the Bank Deposit Guarantee Fund, as well ...

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