Romania’s BCR returns to profit – reverses NPL provisions

Romania’s BCR returns to profit – reverses NPL provisions According to news site Romania-Insider.com, BCR Romania’s largest bank and subsidiary of Austrian group Erste, recorded a net profit of EUR 206 million in 2015. In 2014, the bank had net losses of EUR 630 million, due to high write-offs related to non-performing loans totaling almost…