BCR achieves net profit of 620 million RON, up 10.1 percent in Q1 2024
Petre Barac
Posted On April 30, 2024
BCR achieved a net profit of RON 620 million (EUR 125 million) in Q1 2024, up by 10.1 percent against RON 563 million (EUR 114 million) in Q1 2023, driven by improved operating results underpinned by advance in customer business.
Operating result improved by 20.3 percent to RON 918 million (EUR 185 million) in Q1 2024 from RON 763 million (EUR 155 million) in Q1 2023, on the back of higher operating income, partly offset by increased operating expenses.
Net interest income increased by 17.1 percent to RON 1,034 million (EUR 208 million) in Q1 2024, from RON 883 million (EUR 180 million) in Q1 2023, driven by higher business volumes and financial assets.
“In 2024, we continue to develop a banking business model anchored in prosperity, as a result of financially intelligent choices. This model is based on understanding people’s needs and financing the real economy. In fact, the first quarter represented the planning and launch of the Alege bine pentru tine campaign, which is a concrete response to the conversations we have with our customers on a daily basis: whether we are talking about more than 675,000 people who have graduated Money School or to over 513,000 who have accesed a personalized financial plan through Financial Coaching sessions. BCR’s offer has been created with our clients and provides smart financial solutions in all the aspects – from competitive interest rates, credit-related cost efficiency and cash back to shopping, alongside a broad portfolio of savings and investment products,” said Sergiu Manea, CEO Banca Comercială Română (BCR).
All together, we provide expertise and financing to make Romanian businesses long term relevant and create jobs in value-added sectors. Every interaction we have with entrepreneurs is based on knowledge transfer, strategic management and business performance, with essential information about diversifying sources of funding, access the European funds and the importance of the twin transition to a green and digital economy.”
