Romania: Romania’s largest lender BCR posts yearly loss as provisions costs (...)

February 28, 2013

Romania’s largest lender BCR posts yearly loss as provisions costs go up 68%
Feb 28, 2013

Romania’s largest lender BCR posts yearly loss as provisions costs go up 68%.
Romanian BCR Group, owned by Austrian Erste and the largest lender in Romania by assets, posted a net loss of EUR 277 million last year, when its provisions went up by 68 percent, to some EUR 813 million. The loss is a first for BCR, which has only posted partial losses so far, never a (...)
[Read the article in Romania Business Insider]

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