Record revenues of Romanian bank BCR: 21.4% in Q1 2007

The net profit after taxes of the Romanian bank BCR grew 21.4% in the first half of 2007, from 107.8 million euro at the record score of 139 million euro, a press release of the company informs on Tuesday.

Operational revenues of the BCR group grew 23.3% in the same period. According to the press release, the main factor that caused the record increase was the boost in credits to the clients at the level of the whole group (a 14.3% raise).

Operational revenues were determined by the expansion with 34 units in the territorial networks of the bank.

BCR announced that the credit portofolio grew 14.8% from 7.269,4 million euro on December 31 2006 to 9.012,4 million euro in the first quarter of 2007.

BCR contributes significantly in raising profits of Erste Bank, says Andreas Treichl, CEO of Erste Bank. Treichl adds that the record growth underlines the company’s strength to generate revenues.

Romania among with Croatia and Austria are the most successful in terms of increasing revenue contributions.

HotNews.ro, Jul 31, 2007