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The Romanian Commercial Bank (BCR) has registered in the first nine months of 2015 a net profit of RON 904.3 million (EUR 203.6 million), recovering from a loss of RON 2.42 billion in the same period last year, due to massive cuts in provisioning costs, which levelled at RON 55 million.
BCR has registered an operating profit of RON 1.2 billion (EUR 270.5 million), down by 23.5%, influenced by lower operational incomes, under the impact of lower contributions from non-performing loans and higher costs, a bank statement reads.
The group’s assets fell to RON 60.02 billion (EUR 13.5 billion) from RON 61.62 billion by the end of last year, placed on the first place in the Romanian banking system according to this indicator.
The costs of bad loans were adjusted to RON 55.1 million (EUR 12.4 million), against RON 4.05 billion (EUR 910.8 million) in the first three quarters of last year, due to the balance sheet cleaning process.
The BCR balance of loans decreased to RON 32.21 billion from RON 32.56 billion by the end of last year.
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