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January 31, 2023

BCR’s operational expenditures reach lowest level

BCR’s operational result stood at RON 618.3 M (EUR 136.6 M) in Q3 of 2012, up by 3.7 per cent compared to Q2, “in an economic context that remains difficult,” a communiqué issued by the Erste Group yesterday shows. “Risk costs will reach their maximum level in Romania this year. Nevertheless, it is expected that BCR will return on profit in 2013. The net loss after the payment of minority interests stood at EUR 206.2 M, EUR 186.8 M below the value reported in the similar period of 2011 (EUR -19.4 M),” the Erste report shows. The difficult economic context continued to leave its mark on the results of retail operations and SMEs in Romania. The net interest rate revenue dropped by EUR 93.9 M, namely 18.1 per cent (14.6 per cent when expressed in the reference denomination), to EUR 423.7 M. After the optimization measures were adopted the operational expenditures in the first nine months of 2012 dropped by 6.1 per cent or RON 77 M (EUR 17.4 M) compared to the same period last year, to RON 1.18 bln (EUR 267.4 M), reaching the lowest level in the last 5 years.

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