BCR group posted an operating income of EUR521 million in the first nine months of 2021, up 3.7% on the year, while its operating expenses fell by 2.9% on the year to EUR244 million, triggering an operating profit of EUR276 million, up 10.4% on the year, compared with the result reported in the first nine months of 2020.
“Net interest income from operations in Romania (respectively of BCR Group) was impacted mostly on the retail segment by low interest rates on the local market. Instead, the increase in loan volume on the retail and corporate segments, had a positive contribution”, Erste report also reads.
Austria’s Erste Group reported a net profit of EUR1.4 billion in January-September 2021, double against the EUR637 million level reported in the same period in 2020, the report also reads.
Interest income grew 2.2% to EUR3.6 billion and the operating income grew 9% to EUR5.7 billion on the year in the first nine months of 2021. The Group’s operating profit climbed 20% to EUR2.59 billion in the first nine months of 2021.