News » April, 2011 » 28 April 2011
BCR returns to profit
28.04.2011, 23:54 | Finance-Banks | 873 views
BCR, the biggest local financial group, ended the first quarter with a modest net profit, 76.1 million lei (about 18 million euros), with the persistent difficult economy showing in the final result, which accounts for less than one third of the income in corresponding period of 2010. BCR officials, however, note that revenues went up compared with the fourth quarter in 2010, which allowed the group to stop making losses. "The difficult economic context continues to have a negative impact on our clients and on BCR," says Dominic Bruynseels, CEO of the BCR group. Read more on ZF.ro
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