ANALYST REPORT March 07, 2018
Date of first distribution to the public: Mar 07, 2018

4Q17 Earnings review

The Bank`s bottom line displays for 4Q17 a gain after minorities of RON 348.5mn, 122.8% higher YoY and 11.1% higher QoQ, after posting for the fourth consecutive quarter a positive net cost of risk worth RON 88.5mn as opposed to our expectations of a negative value of RON 61.4mn.