News » February, 2011 » 25 February 2011
Romania’s BCR 2010 Net Profit Falls 47% To RON465M
25.02.2011, 09:42 | Finance-Banks | 1808 views
Romanian leading bank group Banca Comerciala Romana (BCR) Friday reported a 46.7% drop in its net profit after minorities and taxes to 465 million lei (EUR1=RON4.2331) in 2010, hurt by rising provisions and lower revenue from fees. In 2009, BCR Group posted a net profit of RON871.7 million. BCR, a unit of Austrian Erste Group Bank (EBS.RO), said operating profit declined 12.5% on the year to RON2.85 billion in 2010. The group's net operating income fell to RON4.52 billion, from RON4.97 billion in the previous year, largely due to lower revenue from interest rates. Read more on Mediafax.ro
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