BCR logs $163m consolidated net profit

Banca Comerciala Romana (Romanian Commercial Bank – BCR) Group ended last year with 163 million dollars in net profit and estimates a 10-15% increase for this year, BCR president Nicolae Danila said. The group had netted 146 million dollars in 2001. Danila would not disclose other financial results for 2002, saying that every estimate had been met. BCR is the largest bank in the Romanian banking system, with a 33% share in terms of assets. BCR reported total assets of almost 130,000 billion ROL (more than $3bn) at the end of H1, 2002. ZF