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, says Romania-Insider.com.

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).

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