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BCR 9-mo net profit plummets 65.6%

Banca Comerciala Romana (BCR), part of Austria's Erste Group, said on Wednesday its net profit plummeted by 65.6% year-on-year to 348.8 million lei ($81.6 million/73.6 million euro) in the first nine months of 2019. Net profit was impacted by the significant one-off provision allocation related to the activity of BCR Banca pentru Locuinte booked in the second quarter of 2019, despite the robust operating result, low risk costs and good performance on ...

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