September 21, 2018

BCR’s Operating Results Affected By Difficult Economic Context

According to a press release, in the first quarter of 2011, the operating result of Banca Comerciala Romana (BCR) Group stands at RON 608.8 M (EUR 144.5 M). That is up by 10.9 per cent on the fourth quarter of 2010 although down by 20.2 per cent on the first quarter in 2010, in a continuing difficult economic context. Dominic Bruynseels, BCR CEO stated that the bank’s customers are still hit by difficult economic context. On the bright side, the results are encouraging especially on risk costs, credit demand remaining low as the economic recovery is gradual.

Source of the news: Nine o’clock (Read More)

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