BNR - RON 1.415 bn profit in 2010

'According to the EU acquis, BNR does not have in view meeting some commercial performances, such as profit maximization, its actions targeting the implementation of a monetary policy to ensure reaching the fundamental objective: price stability. However, at the Central Bank there is a constant concern to limit its operating costs, and thus, in 2010, their level in real terms was maintained at a level comparable to in the previous year (minus 1%). For the fourth consecutive year, BNR recorded a positive financial result, consisting in a profit of 1.415 billion lei (69% lower than in the previous year). The decrease in profit is caused, to a high extent, by BNR's being net debtor of the banking system most of 2010,' the Report shows.

According to the Law on the Statute of BNR, from the 2010 profit, 80% (1.132 billion lei) was transferred to the state budget, 141.5 million lei went to increase statutory reserves, 84.9 million lei was used for creating some own sources of financing, 28.3 million lei was used for the employees' fund of participation to profit and 28.3 million lei went as reserves at the Board's disposal.

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