News » February, 2011 » 25 February 2011
Romania’s BCR 2010 Net Profit Falls 47% To RON465M
25.02.2011, 09:42 | Finance-Banks | 1973 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
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
