The aggregated profit of the Romanian banking system decreased by 9.3% y/y to RON 3.35 billion (EUR 657 million, 11.5% down y/y) in Q1, according to data published by the National Bank of Romania (BNR). The aggregated profitability indicators have dropped to the lowest levels in four years, after they remained well above the average compared to other European banking systems. The decrease was not evenly spread among banks, with the market leader Banca Transilvania (BVB: TLV) still boasting 26% higher y/y profits in Q1.