The operating result grew by 12.3% to RON1.57 billion (EUR321 million) on rising operating income and lower operating expenses.
Net interest income edged up by 1.1%, to RON1.79 billion (EUR366.0 million) due to higher loan and deposit volumes on the retail and corporate segments.
“Beyond figures and financial results, in such moments we are looking at the real impact and the positive changes our projects bring to society. We’re further actively developing the financial education pillar in a bid to help boost Romanians’ financial resilience as directly as possible. Our purpose it to act as an anchor safeguarding the economy,” said Sergiu Manea, BCR CEO.
The bank’s operating income rose by 6% to RON2.77 billion (EUR565.3 million). Its non-performing loan (NPL) ratio stood at 4% in September 2021, down from 4.5% in December 2020.
On the retail lending segment, BCR granted leu-denominated new loans worth RON7 billion in January-September 2021. Leu-denominated mortgage loan sales went up by 15.4% year-on-year and by 58% in 3Q/2021 versus 2Q/2021.
On the corporate lending segment, BCR (only the bank) granted new loans worth RON4.7 billion.
Client deposits advanced by 1.2% to RON65.66 billion (EUR13.27 billion) against December 31, 2020.
(English version by Catalina Apostoiu)