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Intesa Sanpaolo’s Romanian subsidiary posts tenfold profit increase in 2019

Intesa Sanpaolo Romania, the local subsidiary of the Italian banking group of the same name reportedly in race to take over Garanti Bank Romania, achieved a net profit of EUR 12 million in 2019, well above the EUR 1 mln result recorded in 2018. The improvement was influenced by higher operating revenues and lower operational expenses, according to data reported by the parent-group in Milan, ...

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