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ING Bank Romania’s profit drops on higher risk costs

ING Bank Romania recorded a net profit of RON 143 million (EUR 29.5 mln) in the first quarter of 2020, down 27% compared to the same period last year. The lender's revenues increased by 9%, but the risk costs also went up due to deteriorating economic prospects amid the COVID-19 pandemic. The bank highlighted the 13% increase in the number of customers receiving recurring revenues in their ING Bank accounts during the past 12 ...

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