BCR's net profit up 5 pct to RON 636 mln in H1 on higher loan book

BCR’s net profit up 5 pct to RON 636 mln in H1 on higher loan book

Newsroom 05/08/2016 | 10:43

BCR closed the first semester from 2016 with a net profit worth RON 636 million, which was an increase of 5 percent compared to the same period of last year.

The lender issued RON 4.1 billion worth of new loans, while the non-performing loan rate dropped by 14 percent compared with 23.1 percent in June 2015.

„BCR continued the balance sheet improvement and maintained a solid credit rate. We are thankful to all the clients and to our partners for trust and loyalty. We have the responsibility to offer them simple solutions, transparent, and profitable. The clients’ satisfaction and their economic prosperity are the certainties that we count on for the continuation of our ambitious plans of improvement. In the context of all the economic and legislative challenges, BCR will remain dedicated to its mission. We are an anchor for the financial stability of economy and a bank of long term commitments for people, companies and public institutions, ” said Sergiu Manea, CEO of BCR.

The operational result registered RON 704.7 million (EUR 156.8 million) with 9.5 percent lower than in 2015 because of the lower operational revenues, affected by the impact of a low contribution trough the under performative loans and an environment dominated by the drop of interests.

BCR has given new loans volume for individuals valued at RON 2.6 billion in the first semester of the year because of the accelerated Prima Casa program.