Piraeus Bank, the domestic subsidiary of a top Greek financialgroup, last year generated 25m-euro gross income, flat from2009.
"During this interval, the bank's number of clients rose by 5%,while deposits advanced by 2% and the loan volume posted a slightdecline amid the gap between loans paid back by clients andreleased ones," stated Cătălin Pârvu, a general executive managerwith Piraeus Bank.
The loan portfolio slid by 6% last year, to 3.2bn euros. Riskcharges climbed to 4.3% in Romania last year, from 3.6% in2009.
The Romanian subsidiary last year generated the highestoperating income among Piraeus' foreign subsidiaries, of 191meuros.
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