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Romanian banks post higher profits in Q1 2019 despite the “greed tax”

The 34 banks operating in Romania have registered total profits of RON 1.8 billion in the first quarter of this year, up 2.1 percent year-on-year, as improved credit demand combined with low NPL rates have boosted assets and earnings despite the new “greed tax”, central bank data show. The total bank assets in Romania increased by 4.7 percent year-on-year in March, up to RON 451.9 billion (EUR 95.1 billion), ...

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