NBR: 137m-euro profit after years of losses - Azi

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The rising prices of gold and RON decline have driven the central bank"s balance sheet into the black.

Last year, the National Bank generated net income worth a little more than 137m euros, after over the past years it logged massive losses due to the high costs related to the purging of surplus RON on the market in a bid to keep inflation down. Last year, the NBR generated 868m euros in the form of revenues from the management of the international reserve, while expenses related to interest...

Read the whole story in: Ziarul Financiar