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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and worked for almost ten years for Ziarul Financiar, the main financial newspaper in Romania. For the last six years he was editor of the capital markets section in Ziarul Financiar. He joined the Romania-Insider.com team in May 2014 as editor and partner. Besides capital markets he is also interested in trends in economy, banking and politics. He is passionate about sports, movies and literature, especially crime fiction and political intrigues (Game of Thrones). He would like to live in the countryside one day, groom a vineyard and write his own literature. Email him for interviews, conferences and story pitches at [email protected]

Romania’s biggest bank sees EUR 142 mln net profit in the first half

Romania’s biggest lender BCR, which is part of Austrian Erste Group, posted a net profit of EUR 141.5 million in the first half of 2016. The result is 5.5% higher compared to the same period of 2015.

The bank's operational profit went down by 9.5%, to EUR 156.8 million, but this was compensated by net revenues of EUR 15.4 million from the release of provisions, as the bank continued to clear its portfolio.

BCR granted new loans worth some EUR 910 million to corporate and individual clients in the first six months and cleared its portfolio of non-performing loans (NPL).

Thus, although that overall the bank’s loan portfolio went slightly down compared to December 2015, due to NPL sales, the NPL ratio also declined, reaching 14% at the end of June, compared to 23.5% at the end of June 2015.

BCR's loans portfolio at the end of June was EUR 7.1 billion, down from EUR 7.2 billion in December 2015. However, the bank's assets went up by 2.5%, to EUR 14.2 billion, as the deposit base increased by 2.9% in the first six months, to EUR 9.7 billion.

Romania's BCR cuts down payment for mortgage loans

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and worked for almost ten years for Ziarul Financiar, the main financial newspaper in Romania. For the last six years he was editor of the capital markets section in Ziarul Financiar. He joined the Romania-Insider.com team in May 2014 as editor and partner. Besides capital markets he is also interested in trends in economy, banking and politics. He is passionate about sports, movies and literature, especially crime fiction and political intrigues (Game of Thrones). He would like to live in the countryside one day, groom a vineyard and write his own literature. Email him for interviews, conferences and story pitches at [email protected]

Romania’s biggest bank sees EUR 142 mln net profit in the first half

Romania’s biggest lender BCR, which is part of Austrian Erste Group, posted a net profit of EUR 141.5 million in the first half of 2016. The result is 5.5% higher compared to the same period of 2015.

The bank's operational profit went down by 9.5%, to EUR 156.8 million, but this was compensated by net revenues of EUR 15.4 million from the release of provisions, as the bank continued to clear its portfolio.

BCR granted new loans worth some EUR 910 million to corporate and individual clients in the first six months and cleared its portfolio of non-performing loans (NPL).

Thus, although that overall the bank’s loan portfolio went slightly down compared to December 2015, due to NPL sales, the NPL ratio also declined, reaching 14% at the end of June, compared to 23.5% at the end of June 2015.

BCR's loans portfolio at the end of June was EUR 7.1 billion, down from EUR 7.2 billion in December 2015. However, the bank's assets went up by 2.5%, to EUR 14.2 billion, as the deposit base increased by 2.9% in the first six months, to EUR 9.7 billion.

Romania's BCR cuts down payment for mortgage loans

[email protected]

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