Romanian banks incurred aggregated losses of RON 325mn (EUR 73mn at eop XR) in Q2, 2012, according to our calculations based on central bank data. Out of 41 banks, 23 reported profits and 18 losses, according to unofficial data leaked from the central bank. The banking system thus dipped back into the red after it posted aggregated RON 125mn (EUR 29mn, @ eop XR) profit in Q1.
Big picture: dividends vs. interest incomes derived by BIS-reporting banks in Romania [and elsewhere in region].
Nonetheless,...
Keep on reading: Unofficial data from central bank paints tumbling picture of Romanian banks
Keep on reading: Unofficial data from central bank paints tumbling picture of Romanian banks