BCR Group, the financial group that operates the second-largest bank in Romania, part of Austria's Erste Group, reported that its net profit rose by 12.5% in Q1, compared to the same period last year, to RON 477.5 mln (EUR 96.5 mln).

The lending and subsequently the income increased significantly, the bank explains.

BCR's assets exceeded RON 89.7 bln (EUR 18 bln) at the end of March, 7.6% more compared to the same moment last year (YoY).

BCR's operating result improved by 20.8% YoY to RON 588.5 mln in Q1 amid higher operating revenues, partially offset by higher operating expenses.

"In uncertain times, people need real, real-time support. We will continue to play an active role, listen to and support our clients and learn to build resilience together," said Sergiu Manea, CEO of BCR.

(Photo: Gabriel Petrescu/ Dreamstime)

andrei@romania-insider.com