BCR Group reported a net profit of RON 2.2 billion (€446 million) for the first nine months of 2024, marking a 30.6% increase from the same period last year. This growth was driven by a rise in operating income, underpinned by a 9.3% increase in net loans and customer advances to RON 64.2 billion (€12.9 billion) by the end of September 2024. BCR’s digital ecosystem also expanded significantly, with George, its internet and mobile banking platform, reaching 2.47 million users, including nearly 2.1 million active users, a 16% increase year-on-year.

In retail lending, BCR disbursed RON 12.4 billion in new loans, including a 50.2% year-over-year increase in unsecured consumer loans and a 10.1% rise in mortgage loans. The corporate lending sector also saw RON 10.5 billion in new loans, with nearly 29% directed toward investments. Corporate green financing grew sixfold to over RON 1.96 billion (€392 million), with more than half dedicated to renewable energy initiatives.

“We are encouraged by over 1.5 million Romanians who participated in our financial literacy programs and by our investments in digital transformation,” commented CEO Sergiu Manea.

BCR maintained a strong solvency position with a 23.5% capital adequacy ratio as of August 2024. The total deposits rose by 11.9% to RON 87.8 billion (€17.6 billion), demonstrating high customer confidence and continued growth in both retail and corporate deposits.

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