BCR group, including the biggest bank in terms of assets, in thesecond quarter of this year generated net income worth 245.5m RON(almost 59m euros), down more than 11% from a year ago andrelatively constant against Q1, 2010. Over the past year, quarterlyfigures have posted broad fluctuations, mainly triggered by thesetting up of bad loan provisions. Also, at group level BCR'sfigures are hammered by the leasing company's losses. In H1, thegroup's net income reached 488.5m RON (117m euros), down 19.5% fromthe same period of 2009. After the Q1 decline, the volume of loansreleased by BCR rose in Q2 by over 1.7bn RON, to some 47.7bn RON(10.9bn euros) on corporate lending. The weight of bad loans on theretail and SME segment in Q2 climbed by 1.5% from Q1, to 15.4%, thehighest level among Erste subsidiaries, except the Ukrainian one.BCR in Q2 spent over 518m RON on risk provisions, up 13.5% from Q1,getting to a total of almost 975m RON (233m euros) for H1.Half-year, provision costs rose by 24.5%, with the volume of thisbuffer for possible lending losses topping 4.5bn RON (above 1bneuros against the late June exchange rate), double from a yearago.
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