BCR Group reports its Jan-Sep net profit up 10% y/y to EUR 344 mln
Romanian financial group BCR Group announced a net profit of RON 1.7 billion (EUR 344 million) in January-September, up some 10% y/y.
iulian ernst · Journalist
· Updated · 1 min read
Romanian financial group BCR Group announced a net profit of RON 1.7 billion (EUR 344 million) in January-September, up some 10% y/y.
The results were “driven by improved operating results underpinned by advance in customer business,” the bank announced.
Net interest income surged 27.0% to RON 2.67 billion (EUR 541 million), driven by higher business volumes and market rates.
Net loans and advances to customers increased, however, by only 2.4% YTD to RON 56.7 billion (EUR 11.4 billion) as of the end of September (no y/y comparison provided).
(Photo source: Gabriel Petrescu/Dreamstime.com)
