BCR posts $130m profit

The Romanian Commercial Bank (BCR) posted profit worth 4,360bn ROL (some $130m) in ten months this year, as a result of the “measures applied in the last years to upgrade and improve the bank’s efficiency.” The bank did not disclose the results logged in the year-ago period, so they could not be compared. For the entire year, BCR officials targets a net result exceeding $160m. “BCR’s business volume and value increased in real terms and boosted the balance, so the total assets of the financial institution amounted to some 168,400bn ROL (over $4.96bn) by the end of October,” according to the bank’s officials. ZF