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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
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 the same time capitalised on market opportunities. We intend to pursue greater value for our shareholders and consolidate our leading market position," stated Dominic Bruynseels, the new CEO of BCR, who took over the reins of the bank at the beginning of this month.
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