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BCR reached net profit of 140.9 million Euro in H1 2021


BCR achieved a
net profit of RON 690.8 million (EUR 140.9 million) in H1 2021, up by 38.5% against RON 498.9 million (EUR 103.6 million) in H1 2020, on the back of both improved operating performance mainly due to higher business volume and lower risk costs allocation. 
Operating result improved by 12.7% to
RON 1,012.5 million (EUR 206.6 million) in H1 2021 from to RON 898.2 million (EUR 186.5 million) in H1 2020, on the back of higher operating income along with lower operating expenses.
Net interest income slightly improved by 0.7% to
RON 1,196.0 million (EUR 244.0 million) in H1 2021, from RON 1,187.8 million (EUR 246.6 million) in H1 2020, driven by higher loan and deposit volumes in both retail and corporate, partly offset by lower market rates. ....

Banca Comercial , Sergiu Manea , National Bank , Multiannual Financial Framework , பாங்கா கோமேற்சியால் , தேசிய வங்கி ,

BCR printed the largest RON bond issuance in Romania with a total value of one billion RON


Banca Comercială Română (BCR) has successfully printed the largest bond issuance of one billion RON in its second transaction, following the first ever non-preferred bond issuance in Romania and CEE region, in December 2019.
The issuance represents senior non-preferred notes, with a 7-year maturity and brings the largest RON bond transaction on the local capital market, as plans are for it to be listed on the Bucharest Stock Exchange. The notes have been assigned an expected long-term rating of BBB+ by Fitch.
The book building process has shown a strong interest from investors, as the deal was successfully priced at a coupon of 3.9%, reflecting the stable macroeconomic context as well as the solid performance of the bank. The distribution was balanced between pension funds, asset managers, insurance companies – and benefitted from the notable participation of European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC). ....

Banca Comercial , Sergiu Manea , International Finance Corporation , Bucharest Stock Exchange , European Bank , Bucharest Stock , Senior Preferred , பாங்கா கோமேற்சியால் , சர்வதேச நிதி நிறுவனம் , புக்கரெஸ்ட் ஸ்டாக் பரிமாற்றம் , ஐரோப்பிய வங்கி , புக்கரெஸ்ட் ஸ்டாக் , மூத்தவர் ப்ரிஃபர்ட் ,