Romania’s BCR returns to profit – reverses NPL provisions

According to news site, 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 EUR 1 billion.

According to the site, last year BCR had no additional losses from non-performing loans. Moreover, the result related to NPLs was positive, as the bank reversed some provisions due to higher recoveries.

Please go to the link below for details.

Romania’s largest bank returns to profit