Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

BCR - RON 750 M profit in H1 2008

BCR result represents a growth of 63.5 per cent over the same period of the past year.

BCR performance in the first six months was sustained also by the economic growth from Romania and confirms the profit predictions for the bank this year and the next one, declared yesterday in Vienna Andreas Treichl, Erste Bank President, quoted by Mediafax. The Romanian Commercial Bank (BCR) obtained in the first half of the year, a net profit after taxation and the payment of the minority interests of RON 759.5 M (EUR 206.6 M), up 63.5 per cent over the same period of 2007, while the assets rose 2.3 per cent compared to December 2007, to RON 64.81 bln (EUR 17.79 bln).

According to Treichl, Romania will have this year an economic growth of at least seven per cent, taking into account also the predictions regarding the good agricultural production, while for the next year he anticipates an advance of GDP of at least 6 per cent. Treichl sees a reduction of inflation in the coming period, especially that from salaries, which reached its maximum the past year. BCR costs also increased 8.9 per cent, based on the expansion of the network and the high inflation, also said Treichl. Erste president stated that BCR is the most efficient bank from the group, with a cost/income ratio a little over 41 per cent. He added that BCR integration will continue. In the second quarter of this year, the costs related to this activity rose to EUR 8.7 M, while for the whole year the officials of the bank estimate that these expenditures will not exceed EUR 40 M. For the end of 2008, the target of the bank regarding the number of employees was established at 8,700 persons, against 8,200 persons previously, after BCR renounced the decision to outsource the cash transport services, because of the weak offer.

“In the first half of 2008 we obtained very good results in agreement with the objectives set by ourselves, further developing our business portfolio. We controlled successfully the costs and managed in an appropriate way the risks, making use of the opportunities offered by the market,” declared also Dominic Bruynseels, CEO BCR. “Helping our clients to fulfill their aspirations we intend to further improve the quality and efficiency of the affairs, to create a bigger value for our shareholders, and to consolidate our position of market leaders,” Bruynseels added. According to expectations, the request to provision the credit risks and advance payments has increased over twice, to RON 271.9 M (EUR 74.0 M), especially because of the fact that BCR renounced the credit risk insurance for the retail clients, in the first half of 2007, assuming the risk in the accounting reports of the bank.

The growth rate of the credits granted to clients higher than that of the total assets reflects the fact that more resources are allotted for the main activity of the bank. Moreover, the weight of the credits in national currency in BCR portfolio – 50.3 per cent of the total credits – is above the market average, showing a well balanced structure. The credits in foreign currency are denominated only in EUR and USD. BCR territorial network has also expanded in the first half 2008 through the opening of 26 new units, reaching 588 units at the end of June.

 

Erste Bank Group made a profit of eur 636.6 m

Erste Bank obtained a net profit after the payment of the minority interests of EUR 636.6 M in the first half of the year, up 12.5 per cent compared to the same period of the past year, while the total assets rose 6.8 per cent over December 2007, to EUR 214.2 bln. The operational revenues of Erste registered a growth of 17.2 per cent in the first half of the year, to EUR 3.5 bln, chiefly further to the result from interest rates. “The first half of the year 2008 was definitely one of the most turbulent periods from the history of the financial sector, especially as a result of the fact that the financial markets themselves have generated this situation. On this background we are quite happy with the evolution of our banking group,” declared Andreas Treichl, General Manager Erste Bank der Oesterreichischen Sparkassen. According to Treichl, the economies of the countries from Central and Eastern Europe managed to avoid the effects of the crisis from the financial sector and continued to register growth rates much above those registered by the states from Western Europe.

 

Treichl: BNR project on crediting is welcome

Erste Bank president, Andreas Treichl, declared on Wednesday that the project of crediting norms worked out by BNR is welcome because, in the race after the market share, certain banks “pump money into the Romanians’ purses,” in an almost irresponsible way, HotNews informs. “We greet the new regulations proposed by BNR because we see dangers on the Romanian market. The local actions of the banks do not match the strategy of the parent banks, and, therefore, there is a tendency, in the race after the market share, to pump money into the purses of the Romanians in a way, I don’t say irresponsible, but almost irresponsible,” Andreas Treichl said. Treichl said that the advance of the credits is beneficial for the growth of the economy and for the population, but it becomes dangerous when the loans are granted to persons who do not have the capacity to reimburse them. The Erste President also appreciated that fact that the Romanian authorities are obliged to take measures at the soonest in order to remedy this behaviour.

 

Sursa: http://www.nineoclock.ro

Tags: after market credits erste treichl profit bcr growth first bnr

Articole similare