BCR Banca pt Locuinte reports RON 10.8 mln H1 net profit

Newsroom 29/08/2012 | 09:38

BCR Banca pt Locuinte BCR BpL, the housing saving and lending arm of Banca Comerciala Romana BCR, reported a net profit of RON 10.8 million for the first half of this year.

During the same interval the bank attracted deposits of over RON 1 billion, while its clients base grew to over 273,000. Its total assets went up 80 percent compared to the similar period of 2011.

“Despite the difficult economic environment, our clients have proven once again that they are planning long-term and want to invest to improve the quality of their lives,” said Alexandru Ciobanu, president of BCR Banca pt Locuinte (pictured).

The volume of credits granted by the bank in the first half of the year tripled compared to the similar period of 2011 and reached a value of RON 16.8 million. Over half of the credits granted by BCR BpL are mortgage credits, while 35 percent of them were meant to finance house refurbishing works.

The BCR BpL saving-lending products are exclusively in RON, with fixed and low interest rate offered throughout the agreement. BCR BpL has as main shareholders BCR with an 80 percent stake and and S Bausparkasse der oesterreichischen Sparkassen, with a 20 percent stake.