The result came amid improved operating performance, supported by strong lending growth.
The operating result improved by 24.7% to RON1.966 billion (EUR398.5 million) in January-September 2022, from RON1.57 billion (EUR321.0 million) in January-September 2021, amid rising operating revenues, partially offset by higher operating expenses.
In the reported period, net interest income went up by 16.9% in annual terms, to RON2.1 billion (EUR426.0 million). Net fee income was 11.8% higher, at RON693.3 million (EUR140.5 million).
“Solid capitalization and the result we have show our capacity to support the economy, as well as our being a pillar of stability and predictability,” says Sergiu Manea, BCR CEO.
In September 2022, the bad loan rate stood at 2.8%, significantly down from 3.9% in December 2021.
The cost/revenue ratio improved to 40.8% in the first nine months of 2022, from 43.2% in the same period of 2021.
(English version by Catalina Apostoiu)