The operating result improved by 22.2% to RON2.84 billion (EUR571 million) on the back of strong increase in operating income and well managed operating expenses.
In parallel, net interest income went up by 19.5% to RON3.1 billion (EUR641 million), driven by higher business volumes.
Net fee and commission income improved by 12.9% to RON817 million (EUR164 million) driven by higher transactional business.
Net trading and FV result increased by 2.9% to RON413 million (EUR83 million).
Operating income increased by 16.2% to RON4.46 billion (EUR897 million) driven by all major income components.
General administrative expenses reached RON1.62 billion (EUR326 million), up 7% on the back of higher other administrative expenses, while personnel expenses declined.
As such, cost-income ratio improved to 36.3% from 39.4% in the first nine months of 2023.
Net loans and advanced from customers increased by 9.3% to RON64,217 million (EUR12, 907 million) from RON58,743 million, mainly supported by the strong increase in retail lending.
Deposits from customers increased by 11.9% to RON87,790 (EUR17,645) from RON78,483 (EUR15,773 million) supported by the increase in both corporate and retail deposits.
“Our results are directly linked to the experience we manage to deliver and the impact we create in the society. We are encouraged by more than 1.5 million Romanians who have gone through BCR’s financial literacy programs. Also, we are counting on our investments in digitizing operations, which helped us make banking accessible anywhere and anytime, but also on more than 5.200 projects and entrepreneurs who were financed and supported by us in the first nine months of the year,” said Sergiu Manea, Banca Comerciala CEO.
(English version by Catalina Apostoiu)