Romanian financial group BCR Group announced a net profit of RON 1.7 billion (EUR 344 million) in January-September, up some 10% y/y.

The results were “driven by improved operating results underpinned by advance in customer business,” the bank announced.

Net interest income surged 27.0% to RON 2.67 billion (EUR 541 million), driven by higher business volumes and market rates.

Net loans and advances to customers increased, however, by only 2.4% YTD to RON 56.7 billion (EUR 11.4 billion) as of the end of September (no y/y comparison provided). 

iulian@romania-insider.com

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