The group's total assets advanced 4 percent in the first three months to 71.865 billion lei from 69.08 billion lei at the end of December.
The BCR group posted a coverage rate of non-performing loans with provisions of around 80 percent of the portfolio. Adding to this the guarantees for non-performing loans, the coverage rate rises to 136 percent.
Costs connected to risks hiked 2.6 times on the first quarter of 2008 to 308 million lei, in the context of an advance in non-performing loans. Provisions advanced 27.1 percent on the last three months of the previous year.
The operating profit upped 11.8 percent on the first quarter last year, to 671.1 million lei. Operating revenues increased from 992.5 million lei to 1.1 billion lei in the similar period. Net collections from interests climbed 28.7 percent on January – March 2008 to 881.2 million lei.
Operating expenses grew from 392.2 milion lei to 438.1 million lei, while personnel spendings in the first quarter dropped 3.8 percent. Investment expenses targeted mainly the expansion of the retail unit network by 67 new units on the previous year and IT development.
The cost to revenues ratio idled at 39.5 percent and the return on assets (ROE) stood at 20.2 percent.
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului BCR Group sees profit down 13.7% in Q1 to 330.3m lei.