BCR’s operating profit grew 11% in the first half, to RON822 million (EUR173.3 million), it said.
Net interest income grew 15.4%, to RON1.1 billion from RON962.3 million in the first half of 2018, due to a higher interest environment, and growth of loans and deposits.
Net income from commissions and fees grew 5.6%, to RON368.9 million, due to higher commission from lending and insurance operations.
Net income from trading operations declined 13.3%, to RON162.9 million.
The bank said its operating income grew 9.6% in the first half, to RON1.69 billion, mainly due to income from net interest.
General administrative expenses grew 8.4%, to RON868.2 million, impacted by higher contributions to the deposit grantee fund.
BCR’s cost-to-income ratio stood at 51.4% in the first half compared with 51.9% in the same period in 2018.
Loans to customers grew 3.8%, to RON37.78 billion in the first half, from RON36.4 billion end-December 2018, driven by 5% growth on the corporate segment and 4.1% growth on the retail segment.
Customer deposits grew marginally, just 0.6% from end-December, to RON55.42 billion at the end of June.