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Cinteza: The banking system lost some €50 mln in Q1

Publicat la 30.04.2009, 13:24:00

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Cinteza: The banking system lost some €50 mln in Q1

Previously, Cinteza said that the whole banking system registered losses in the first two months of this year, considering that provisions for poor performing loans skyrocketed, and a slight rebound was noticed no sooner than March.

The official added that BNR initiated a checkup, due to suspicions that some lenders declared lower provisions in 2008, to report better financial results.
 

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