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IMOCREDIT IFN - IMO22

2017 H1 financial results

Release Date: 7/26/2017 8:47:57 AM

IRIS Code: B7E85

July 26, 2017

 

 

Financial results at June 30, 2016

 

Key information- on Imocredit IFN S.A. only basis

  • Total assets: plus 5,68% compared to H1 2016
  • Gross profit: 39,62% higher vs. H1 2016

 

 

Non-performing loans PAR >90 represent 5.05% of Imocredit IFN S.A‘s credit portfolio, at the end of the first half of 2017, being below the average banking system in Romania.

 

NPL coverage with related provisions and mortgage collateral stands above 127,11%.

 

 

In the Imocredit IFN S.A. operational efficiency as reflected by cost / income ratio is 49.84% at the end of the first half of 2017, better than market average.

 

We all attention exclusively to honoring our commitments to our investors, being the stage to prove those who believe in us that we will achieve the objectives set, acting with trust, openness and efficiency.

 

The Report for the first half of 2017 prepared in accordance Law 24/2017, will be available at the Internet address: http://www.imogrup.ro/imo/ro/obligatiuni/  or can be viewed starting 26.07.2017, 09:00   at the company.

 

 

Reports will be sent to the Bucharest Stock Exchange and the Financial Supervisory Authority in accordance with the law.

 

Contact details

Eniko Mathe

Email: office@imogrup.ro

Phone: 0264 595 675



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