The increase of the provisions caused BCR to swing into the red - financiare.ro
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News » March, 2013 » 1 March 2013

The increase of the provisions caused BCR to swing into the red
01.03.2013, 00:00 | Finance-Banks | 622 views



Last year, BCR saw a total loss of 1.2 billion lei (277 million euros), amid the increase of loan-loss provisions, by 68.2%, according to bank officials.

Manfred Wimmer, Erste Bank's Chief Financial Officer, acknowledges that the loss of BCR is great and can affect the way in which the bank is perceived by the population, but he says, however, that the shareholders of the credit institution are fully involved in supporting it.

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