BCR Group reports 24% larger profit in 2022
Romania’s BCR Group, part of Austrian Erste Bank Group, said it recorded a net profit of RON 1.74 bln (EUR 354 mln) in 2022, up 23.8% compared to 2021, citing for this “the strong credit growth.”
iulian ernst · Journalist
· Updated · 1 min read
Romania’s BCR Group, part of Austrian Erste Bank Group, said it recorded a net profit of RON 1.74 bln (EUR 354 mln) in 2022, up 23.8% compared to 2021, citing for this “the strong credit growth.”
The stock of net customer loans increased by 15.8% YoY to RON 55.3 bln, slightly more than the average 12% YoY advance of the entire banking system.
The Group’s operating result improved by 29% YoY to RON 2.73 bln (EUR 554.7 mln) in 2022 on the back of higher operating income, partially offset by higher operating expenses.
Net interest income increased by 21.7% YoY to RON 2.94 bln (EUR 597.9 mln) in 2022, driven by a higher volume of business along with higher interest rates on the money market.
The rate of non-performing loans stood at 2.8% in December 2022, in line with the market average, down significantly from 3.9% in December 2021.
(Photo source: Gabriel Petrescu/Dreamstime.com)
