The operating result improved by 20.3%, to RON918 million (EUR185 million), as operating income went up by 13.5%, to RON1.42 billion (EUR286 million) on rising net interest and fee income.
The cost-revenue ratio improved to 35.5% in Q1/2024 vs 39.1% in Q1/2023.
The bad loan ratio reached 2.6% in March 2024, down from 2.9% registered in December 2023.
Loans and net advances granted to clients edged up by 0.9%, to RON59 billion (EUR11.9 billion) from the end of 2023, supported by the almost 2% increase on the retail segment. On the corporate one, lending dropped by 2.6%.
Deposits from clients went up by 5.3% to RON82.6 billion (EUR16.6 billion).
The total portfolio of net loans granted to clients increased by 7% on the year.
On the retail lending segment, BCR granted new loans for individuals and microenterprises worth RON3.1 billion in Q1/2024.
On the corporate lending segment, BCR approved new loans worth RON2.8 billion.
(English version by Catalina Apostoiu)