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BCR posts 60% stronger profit in Q1

Romanian lender BCR, part of Austrian group Erste Bank Group, announced a net profit of RON 428 million (EUR 89.3 mln) in the first quarter of the year (Q1), up 60% compared to the same period of the previous year. It says that the performance was due to the higher operating result and the positive impact of significant recoveries from non-performing customers. Net interest income increased by 9.4% to RON 598 mln (EUR 125 mln), ...

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