The group posted operating revenue of RON2.61 billion, up 1.2% on the year, driven by higher net interest revenue and trading income, which partially offset lower income from commissions and fees.
BCR’s operating profit grew 6.6% on the year in the first nine months, to RON1.4 billion. It said net interest income grew 5.7%, to RON1.77 billion, due to larger loan volumes on the retail and corporate segments, partially offset by the lower interest environment.
Net income from commissions dropped 13.3% on the year in the first nine months, to RON501.7 million, due to a lower volume of cash withdrawals and the bank’s elimination of cash withdrawal commissions during the state of emergency in April and May.
Net trading income grew 2.2% in the first nine months, to RON256.7 million.