BCR"s net profit increases by 48% to 206.6 million euros in first half - Azi

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The BCR group derived net profit worth 206.6 million euros in the first half of the year, up 48% on the same time last year.Andreas Treichl, CEO of Erste Bank, the majority shareholder of BCR, said the bank generated more than 90% of the profit, whilst the contribution of the group"s other subsidiaries was "negligible".

BCR"s return on equity went up from 21.2% to 30.4%, and the share of costs in total revenues plunged from 54% to 41.6%. "We controlled costs and properly managed risks, but at...

Read the whole story in: Ziarul Financiar