In January-June 2021, the lender’s operating income grew 6.5% to RON1.81 billion (EUR370.2 million), compared with RON1.7 billion (EUR353.6 million) in the first six months of 2020, due to higher business volume. Its assets stood at RON83.1 billion on June 30, 2021, higher than RON81.9 billion on December 31, 2020.
The operating result increased by 12.7% to RON1,01 billion (EUR206.6 million) in the first half of 2021, compared with RON898.2 million (EUR186.5 million) in the same period in 2020, due to higher operating income and lower operating expenses.
Net interest income inched up 0.7% to RON1.19 billion (EUR244.0 million) in January-June 2021, from RON1.18 billion (EUR246.6 million) in the first half of 2020, due to higher loan and deposit volumes on the segments of both retail and corporate clients, partly offset by the impact of lower interest rates on the monetary market.
Net fee and commission income grew 21.4% to RON383.8 million (EUR78.3 million) in January-June 2021, from RON316.2 million (EUR65.6 million) in the same period in 2020, due to higher volume of transactions compared with reduced business activity and due to the measures implemented to support clients in the context of the coronavirus pandemic.
Net trading income increased by 21.8%, to RON174.1 million (EUR35.5 million) in the first six months of 2021, compared with RON142.9 million (EUR29.7 million) in the first half of 2020, mainly due to higher trading activity.
The bank’s non-performing loans ratio reached 4.3% in June 2020, slightly lower than 4.5% in December 2019, which reflects the positive trend of loans granted to clients and it was also backed by low accumulation of new non-performing loans.
New consumer loan volumes grew 19.6%, the stock of mortgage loans granted in Romanian lei increased 17.7% on the year in the first half of 2021, while the consumer loan stock grew 7.2%.
On the corporate lending segment, BCR (the bank alone) approved new loans for companies in the amount of RON2.6 billion in the first half of 2021, of which 37% were investment loans.