The lender reduced provision costs to RON72.9 million last year, from RON4.44 billion in 2014, following a drastic clean-up of its loan portfolio.
The bank’s non-performing loans ratio stood at 20.2% in 2015, down from 25.7% in 2014, and its NPL coverage ratio stood at 77.4%.
BCR’s total assets increased 1.2% on the year, to RON61.62 billion.
Its loan portfolio dropped 0.35%, to RON32.45 billion, following write-offs and NPL sales.
BCR granted new retail loans in local currency amounting to RON5 billion, while corporate loans stood at RON3.6 billion, driven by 3.6% growth on the SME segment.
Deposits grew 6.7% in 2015, to RON42.626 billion.
BCR reported an operating profit of RON1.56 billion, down 18.4% on the year, while net revenues from interests declined 13%, to RON1.99 billion.
The bank’s solvency ratio under local standards stood at 19.6% in December 2015, above the central bank requirement of at least 10%.