March 3rd, 2016

Romania's BCR returns to profit - reverses NPL provisions

According to news site Romania-Insider.com, BCR Romania's largest bank and subsidiary of Austrian group Erste, recorded a net profit of EUR 206 million in 2015.

In 2014, the bank had net losses of EUR 630 million, due to high write-offs related to non-performing loans totaling almost EUR 1 billion.

According to the site, last year BCR had no additional losses from non-performing loans. Moreover, the result related to NPLs was positive, as the bank reversed some provisions due to higher recoveries.

Please go to the Romania-Insider.com link below for details.

Romania’s largest bank returns to profit

Sigma Catalyst Partners

5 Valaoritou Str. Athens - Chalandri 15232 - GREECE
Tel.: +30 210 68 52 411, Fax: 211 017 33 88
office[at]sigmacatalyst.gr

bg Image
Back to top