What 2009 brought for banks: NPLs, excessive caution, and lower gains
Data provided by the National Bank of Romania (BNR) indicates that lenders posted a profit worth RON 680 million (some €160.8 mln) in the first three quarters of this year, five times less year-on-year. Calculations by Business Standard indicate that banks could register earnings...
BCR and BRD own over 29% of total NPLs
While the share of NPLs at Banca Comercială Română (BCR) amounted to 10.6 percent at the end of the first three quarters in 2009, BRD - Groupe Société Générale posted an NPL ratio of about eight percent.At the end of August, according to data...
BCR’s npls soared 71% in 3 months
BCR posted total loans worth RON 45.8 billion (some €10.8 bln, computed at an average RON 4.2292/€1exchange rate) at the end of the first half of 2009, of which RON 2.8 bln (some €0.66 bln) were NPLs. At the end of September, the loan...