It said its non-performing loans ratio stood at 19.5% at the end of the first quarter from 25.6% in the same period last year, following a drastic clean-up of its loan portfolio, and its NPL coverage ratio stood at 78.4%.
The bank reported an operating profit of RON330.6 million in the first quarter, 15.7% lower than in the same period last year, as operating revenue was impacted by a low interest environment and NPL clean-up. The bank also had to pay its annual contribution to the deposit guarantee fund in the first quarter, affecting operating revenue.
BCR granted new retail loans in local currency amounting to RON1.1 billion, while new corporate loans amounted to RON0.9 billion, the bank said.
Deposits declined 1.9% in the first quarter, to RON41.8 billion from RON42.62 billion at the end of 2015.
The bank’s solvency ratio under local standards stood at 21.1%, above the central bank requirement of at least 10%.