BCR, a unit of Austrian Erste Group Bank (EBS.RO), reported net expenses with risk provisions for loans and down payments of RON1.61 billion in the first nine months of 2011, equal to 20.8% of overall loans.
Group-wide, bad loan provisioning is expected to increase by RON2 billion to RON6.27 billion in 2012. The figure would amount to 11.4% of the total loans provided by the group so far, of around RON55 billion.
BCR estimates a net profit of RON422 million in 2012.
The bank is due to release its preliminary financial report for 2011 on February 29.