Patria Bank | Romania Feed

Patria Bank in the first three months of 2024 recorded net profit worth RON8 million, up 171% from the year-earlier period. The result incorporates the new tax on turnover of 2% applicable to credit institutions starting with 2024.

Patria Bank (stock symbol: PBK) has informed investors in a stock market report on March 18 that Romania's National Bank approved the appointment of Grigore-Valentin Vancea to the position of Chief Executive Officer (CEO) and member of the Executive Committee of Patria Bank.

The International Finance Corporation (IFC), a member of the World Bank Group, is granting a loan of EUR20 million to Patria Bank, a bank listed on the Bucharest Stock Exchange, as part of its larger efforts to spur economic growth and support small-scale entrepreneurs in Romania.

Patria Bank, a lending institution held by investment fund Emerging Europe Accession Fund (EEAF), in the first half of this year reported RON10.1 million profit, up 67% from the corresponding period of 2021.

Patria Bank (PBK.RO), a lender 83.2% held by Emerging Europe Accession Fund, posted RON6.05 million net profit in the first half, an increase of 27% on the year-ago period.

Software and technology company Qualitance and Patria Bank have concluded a partnership aimed at developing digital products for the bank’s clients.