Patria Bank Cuts 2020 Profit Forecast To RON6.6M, 3.5-Fold Lower Than Initially Projected

07.24.2020 By Ecaterina Craciun

Lender Patria Bank (PBK.RO) has revised down its financial performance indicators for 2020 in the context of the coronavirus crisis, expecting a profit of RON6.6 million in 2020, compared with RON23.1 million initially estimated in this year’s budget, but above the 2019 positive result of RON5.3 million, per a stock market statement.

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Patria Bank
, forecasts