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2020 Preliminary financial results

Release Date: 2/26/2021 8:33:57 PM




For the second consecutive year Patria Bank reports a profit, 

confirming the positive evolution of previous years


 February 26, 2021



For the second consecutive year Patria Bank reports a profit and succeeds to improve the Capital Adequacy Ratio in 2020 by more than 350 bps, confirming the positive evolution of previous years. The net profit of 2020 is RON 2.8 Million and was  influenced by the pandemic context in which the predictability was very low and the volatility of macroeconomic conditions was high; these factors affected the financial result of 2020 and explain the contraction by RON 2.5 Million of the net result compared to the previous year.


Current results represent the cumulation of strategic decisions that the Bank has implemented, materializing in the following financial benchmarks reached in 2020:



·         New loans granted in the amount of over RON 823 Million during 2020 (at a faster pace than the banking system average) which led to an increase in the portfolio of performing loans by 13%, respectively RON +191 Million compared to December 2019

·         Improving the bank's balance sheet structure by increasing the share of gross loans in total assets to 56% from 53% in December 2019 correlated with the continued development of a strong (retail) deposit base

·         Optimization and reduction of operational expenses by 11%, RON -15.7 Million in 2020 compared to 2019 via process optimization and acceleration of digitalization

 ·           Thus, In 2020 the Bank managed to fully offset the contraction of operating revenues with the results from recalibration of costs, achieving an improved operating result than in 2019 despite the pandemic conditions of 2020.



The integral version of the Preliminary Report on the 31.12.2020 financial results of Patria Bank S.A, prepared in accordance with IFRS as adopted by EU, shall be accessible on the bank's website at the following link: https://en.patriabank.ro/about-patria-bank/investors/reports-and-results/financial-reports or on the website of the Bucharest Stock Exchange at the link below starting with 26.02.2021.

Preliminary financial statements as at 31.12.2020 are not audited.

For further details: pr@patriabank.ro , +40 732 800 326





About Patria Bank Group

Patria Bank is a Romanian bank, listed on the Bucharest Stock Exchange, with a national presence, being dedicated to increasing the degree of banking in Romania and supporting local entrepreneurs. The Patria Bank Group is majority owned by the Emerging Europe Accession Fund (EEAF), a private equity fund whose main investors are EBRD (European Bank for Reconstruction and Development), EIF (European Investment Fund, part of the European Bank Group for Investments), DEG (Development Bank, part of the banking group KFW), BSTDB (Development Bank of the Black Sea Region). Patria Bank Group includes Patria Bank, Patria Credit IFN and SAI Patria Asset Management.


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