The net profit of the BCR group in the first nine months of the year stood at 725.8 million RON (219.6 million euros), under the international accounting standards, up 21.2% on the same time last year. Austrian-based Erste Bank receives 166.4 million euros of the total sum, which corresponds to the almost 70% majority stake they hold in the group. Total assets climbed to 16.5 billion euros, up 16.4% in RON against the level seen at the end of last year. The profitability of the group's own capital also increased, from 18.8% for the whole of 2006, to 22% in the first three quarters of 2007. Operating revenues managed to exceed the rate of expenditures, while the operating income amounted to 302.6 million euros, despite restructuring costs. "BCR's financial situation is satisfactory nine months into the year, and I think it will see a slight improvement in the last quarter of the year," said Andreas Treichl, CEO of Erste Bank, BCR's majority shareholder, at a meeting where he presented the group's results to analysts in Vienna.
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