BCR, the biggest domestic bank, last year pushed up market shareon the corporate segment, to over 25%, but the rapidlydeteriorating turnover of the retail unit halved the entire group'sannual profit, to 110m euros, and drove the group into the red inthe fourth quarter even in line with IFRS.
The corporate unit came to bring 57% of the bank's loan portfolio,up 5.5% from 2009 and 10% from 2008. For the second consecutiveyear, the corporate loan volume rose by over 15%, on workingcapital supply and the funding of some state-owned companies.
Until 2008 inclusively, retail weighed more against the corporatesegment, but it proved to be the most vulnerable area for BCR amidthe crisis.
Besides the fallout related to the rising unemployment rate andsalary cuts, the bank was highly exposed to the scandal generatedby Ordinance 50.
In 2010, the retail loan portfolio dropped by 7.3% after havingdeclined by almost 7% in 2009.
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