Banca Commerciala Romana

BCR's customer deposits rose 8.83% to RON 52,496 mil in 2017

By Helgi Analytics - July 16, 2018

Banca Commerciala Romana's customer deposits reached RON 52,496 mil in 2017, up 8.83% compared to the previous year. Romanian b...

BCR's net interest margin fell 7.37% to 2.55% in 2017

By Helgi Analytics - May 28, 2018

Banca Commerciala Romana's net interest margin amounted to 2.55% in 2017, down from 2.75% compared to the previous year. H...

BCR's corporate deposits rose 14.1% to RON 15,083 mil in 2017

By Helgi Analytics - July 16, 2018

Banca Commerciala Romana's corporate deposits reached RON 15,083 mil in 2017, up 14.1% compared to the previous year. Romanian ...

Profit Statement 2015 2016 2017
Net Interest Income RON mil 1,993 1,787 1,764
Fee Income (As % Of Revenues) % 23.6 24.7 24.3
Other Income RON mil 357 373 423
Total Revenues RON mil 3,075 2,868 2,888
Staff Cost RON mil 717 730 742
Operating Profit RON mil 1,562 1,298 1,344
Provisions RON mil 77.9 -392 32.3
Net Profit RON mil 919 1,042 668
Balance Sheet 2015 2016 2017
Interbank Loans RON mil 204 553 2,215
Customer Loans RON mil 32,451 32,291 33,491
Debt Securities RON mil 17,358 19,478 21,357
Total Assets RON mil 62,360 67,515 70,931
Shareholders' Equity RON mil 5,875 6,804 7,439
Interbank Borrowing RON mil 11,247 5,133 3,390
Customer Deposits RON mil 42,626 48,235 52,496
Issued Debt Securities RON mil 1,438 2,982 2,911
Ratios 2015 2016 2017
ROE % 17.0 16.4 9.38
ROA % 1.48 1.60 0.965
Costs (As % Of Assets) % 2.44 2.42 2.23
Costs (As % Of Income) % 49.2 54.8 53.5
Capital Adequacy Ratio % 19.9 20.3 21.3
Net Interest Margin % 3.21 2.75 2.55
Loans (As % Of Deposits) % 76.1 66.9 63.8
NPLs (As % Of Loans) % 18.9 12.8 9.38
Provisions (As % Of NPLs) % 82.5 78.4 80.3
Growth Rates 2015 2016 2017
Total Revenue Growth % -9.28 -6.72 0.687
Operating Cost Growth % -24.2 3.77 -1.67
Operating Profit Growth % 12.0 -16.9 3.54
Net Profit Growth % -133 13.4 -35.9
Customer Loan Growth % -0.354 -0.492 3.72
Total Asset Growth % 1.19 8.27 5.06
Customer Deposit Growth % 6.77 13.2 8.83
Shareholders' Equity Growth % 19.7 15.8 9.33
Employees 7,065 7,078 7,265

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Net Interest Income RON mil                       3,132 2,898 2,776 2,289 1,993    
Total Revenues RON mil                       4,318 4,155 4,001 3,389 3,075    
Operating Profit RON mil                       2,274 2,140 2,160 1,394 1,562    
Net Profit RON mil                       68.4 -1,235 591 -2,800 919    
balance sheet                                    
Interbank Loans RON mil                       1,100 361 508 525 204    
Customer Loans RON mil                       47,804 44,862 38,002 32,566 32,451    
Debt Securities RON mil                       14,299 16,035 10,495 17,964 17,358    
Total Assets RON mil                       76,746 73,288 66,729 61,625 62,360    
Shareholders' Equity RON mil                       7,546 6,803 7,423 4,910 5,875    
Interbank Borrowing RON mil                       22,906 24,046 18,152 14,191 11,247    
Customer Deposits RON mil                       39,664 37,893 37,448 39,923 42,626    
Issued Debt Securities RON mil                       3,158 3,120 2,617 1,598 1,438    
ratios                                    
ROE %                       0.933 -17.2 8.31 -45.4 17.0    
ROA %                       0.091 -1.65 0.844 -4.36 1.48    
Costs (As % Of Assets) %                       2.72 2.69 2.63 3.11 2.44    
Costs (As % Of Income) %                       47.3 48.5 46.0 58.9 49.2    
Capital Adequacy Ratio %                       13.3 13.6 18.9 18.9 19.9    
Net Interest Margin %                       4.17 3.86 3.96 3.57 3.21    
Interest Income (As % Of Revenues) %                       72.5 69.7 69.4 67.5 64.8    
Fee Income (As % Of Revenues) %                       13.4 15.3 18.7 21.0 23.6    
Staff Cost (As % Of Total Cost) %                       43.0 43.3 41.4 33.0 47.4    
Equity (As % Of Assets) %                       9.83 9.28 11.1 7.97 9.42    
Loans (As % Of Deposits) %                       121 118 101 81.6 76.1    
Loans (As % Assets) %                       62.3 61.2 57.0 52.8 52.0    
NPLs (As % Of Loans) % ... ... ... ... ... ...           21.5 27.7 30.6 24.7 18.9    
Provisions (As % Of NPLs) % ... ... ... ... ... ...           48.6 56.7 63.3 78.9 82.5    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Interest Income RON mil                       6,160 5,530 4,612 3,536 2,761    
Interest Cost RON mil                       3,028 2,631 1,837 1,247 768    
Net Interest Income RON mil                       3,132 2,898 2,776 2,289 1,993    
Net Fee Income RON mil                       580 635 748 711 725    
Other Income RON mil                       606 622 477 389 357    
Total Revenues RON mil                       4,318 4,155 4,001 3,389 3,075    
Staff Cost RON mil                       879 872 761 658 717    
Depreciation RON mil                       253 212 219 176 172    
Other Cost RON mil                       911 931 860 1,161 625    
Operating Cost RON mil                       2,043 2,015 1,840 1,995 1,513    
Operating Profit RON mil                       2,274 2,140 2,160 1,394 1,562    
Provisions RON mil                       2,155 3,626 2,093 4,432 77.9    
Extra and Other Cost RON mil                       0 0 < -0.001 0 472    
Pre-Tax Profit RON mil                       120 -1,486 66.8 -3,038 1,012    
Tax RON mil                       48.7 -256 -532 -244 90.0    
Minorities RON mil                       2.57 5.07 7.52 5.85 3.10    
Net Profit RON mil                       68.4 -1,235 591 -2,800 919    
growth rates                                    
Net Interest Income Growth % ...                     -16.5 -7.45 -4.24 -17.5 -13.0    
Net Fee Income Growth % ...                     24.9 9.43 17.9 -4.94 1.96    
Total Revenue Growth % ...                     -6.17 -3.76 -3.72 -15.3 -9.28    
Operating Cost Growth % ...                     4.14 -1.37 -8.69 8.42 -24.2    
Operating Profit Growth % ...                     -13.8 -5.91 0.949 -35.5 12.0    
Pre-Tax Profit Growth % ...                     -81.4 -1,342 -104 -4,650 -133    
Net Profit Growth % ...                     -85.3 -1,906 -148 -574 -133    
market share                                    
Market Share in Revenues % ...                     18.9 ... ... ... ... ... ...
Market Share in Net Profit % ...                   ... ... ... ... ... ... ... ...
Market Share in Employees % ... ... ... ...               14.1 13.0 11.9 12.2 12.6    
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                    
Cash RON mil                       10,325 9,187 9,586 8,235 9,442    
Interbank Loans RON mil                       1,100 361 508 525 204    
Customer Loans RON mil                       47,804 44,862 38,002 32,566 32,451    
Retail Loans RON mil ... ...                   23,545 20,908 20,022 19,784 19,387    
Corporate Loans RON mil ... ... ... ... ... ...           24,731 26,722 21,141 15,318 14,028    
Debt Securities RON mil                       14,299 16,035 10,495 17,964 17,358    
Fixed Assets RON mil                       2,025 1,918 1,889 1,275 1,333    
Total Assets RON mil                       76,746 73,288 66,729 61,625 62,360    
Shareholders' Equity RON mil                       7,546 6,803 7,423 4,910 5,875    
Of Which Minority Interest RON mil                       26.5 19.3 28.0 35.1 31.3    
Liabilities RON mil                       69,199 66,485 59,306 56,715 56,485    
Interbank Borrowing RON mil                       22,906 24,046 18,152 14,191 11,247    
Customer Deposits RON mil                       39,664 37,893 37,448 39,923 42,626    
Retail Deposits RON mil ... ...                   29,967 29,971 25,451 26,014 27,539    
Corporate Deposits RON mil ... ...                   9,697 7,904 9,053 11,100 12,572    
Issued Debt Securities RON mil                       3,158 3,120 2,617 1,598 1,438    
Other Liabilities RON mil                       3,471 1,427 1,088 1,003 1,173    
asset quality                                    
Non-Performing Loans RON mil ... ... ... ... ... ...           11,455 14,728 14,392 9,970 7,262    
Gross Loans RON mil                       53,376 53,213 47,108 40,433 38,442    
Total Provisions RON mil                       5,573 8,351 9,105 7,867 5,991    
growth rates                                    
Customer Loan Growth % ...                     0.865 -6.15 -15.3 -14.3 -0.354    
Retail Loan Growth % ... ... ...                 4.12 -11.2 -4.24 -1.19 -2.01    
Corporate Loan Growth % ... ... ... ... ... ... ...         8.14 8.05 -20.9 -27.5 -8.42    
Total Asset Growth % ...                     4.26 -4.51 -8.95 -7.65 1.19    
Shareholders' Equity Growth % ...                     6.23 -9.86 9.12 -33.9 19.7    
Customer Deposit Growth % ...                     4.86 -4.47 -1.17 6.61 6.77    
Retail Deposit Growth % ... ... ...                 7.30 0.012 -15.1 2.21 5.86    
Corporate Deposit Growth % ... ... ...                 -2.04 -18.5 14.5 22.6 13.3    
market share                                    
Market Share in Customer Loans %                       21.4 19.9 17.4 15.4 14.9    
Market Share in Corporate Loans % ... ... ... ... ... ...           21.4 22.5 18.8 14.5 13.4    
Market Share in Consumer Loans % ... ...                   22.6 20.0 19.4 19.4 18.0    
Market Share in Total Assets %                       21.7 20.0 18.4 16.9 16.5    
Market Share in Customer Deposits %                       21.2 19.2 17.4 17.1 16.8    
Market Share in Retail Deposits % ... ...                   26.6 24.5 19.6 18.8 18.8    
Market Share in Corporate Deposits % ... ...                   15.5 12.9 12.8 13.8 13.8    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                    
ROE %                       0.933 -17.2 8.31 -45.4 17.0    
ROA %                       0.091 -1.65 0.844 -4.36 1.48    
Costs (As % Of Assets) %                       2.72 2.69 2.63 3.11 2.44    
Costs (As % Of Income) %                       47.3 48.5 46.0 58.9 49.2    
Capital Adequacy Ratio %                       13.3 13.6 18.9 18.9 19.9    
Net Interest Margin %                       4.17 3.86 3.96 3.57 3.21    
Interest Spread % ...                     3.73 3.49 3.67 3.36 3.10    
Asset Yield %                       8.19 7.37 6.59 5.51 4.45    
Cost Of Liabilities % ...                     4.46 3.88 2.92 2.15 1.36    
Interest Income (As % Of Revenues) %                       72.5 69.7 69.4 67.5 64.8    
Fee Income (As % Of Revenues) %                       13.4 15.3 18.7 21.0 23.6    
Other Income (As % Of Revenues) %                       14.0 15.0 11.9 11.5 11.6    
Cost Per Employee USD per month ... ... ... ...               2,599 2,610 2,730 2,240 2,153    
Cost Per Employee (Local Currency) RON per month ... ... ... ...               7,926 9,056 9,084 7,779 8,454    
Staff Cost (As % Of Total Cost) %                       43.0 43.3 41.4 33.0 47.4    
Equity (As % Of Assets) %                       9.83 9.28 11.1 7.97 9.42    
Loans (As % Of Deposits) %                       121 118 101 81.6 76.1    
Loans (As % Assets) %                       62.3 61.2 57.0 52.8 52.0    
NPLs (As % Of Loans) % ... ... ... ... ... ...           21.5 27.7 30.6 24.7 18.9    
Provisions (As % Of NPLs) % ... ... ... ... ... ...           48.6 56.7 63.3 78.9 82.5    
Provisions (As % Of Loans) %                       11.7 18.6 24.0 24.2 18.5    
Cost of Provisions (As % Of Loans) %                       4.53 7.83 5.05 12.6 0.240    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                    
Employees ... ... ... ...               9,245 8,026 6,984 7,054 7,065    

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BCR's retail deposits rose 4.95% to RON 31,400 mil in 2017

By Helgi Analytics - July 16, 2018

Banca Commerciala Romana's retail deposits reached RON 31,400 mil in 2017, up 4.95% compared to the previous year. Romanian banking sector accepted retail deposits of RON 178 bil in 2017, up 9.10% when compared to the last year. Banca Commerciala Romana a...

BCR's corporate loans rose 2.42% to RON 12,395 mil in 2017

By Helgi Analytics - December 12, 2019

Banca Commerciala Romana's corporate loans reached RON 12,395 mil in 2017, up 2.42% compared to the previous year. Romanian banking sector provided corporate loans of RON 104 bil in 2017, up 2.46% when compared to the last year. Banca Commerciala Romana a...

BCR's net profit fell 35.9% to RON 668 mil in 2017

By Helgi Analytics - May 28, 2018

Banca Commerciala Romana made a net profit of RON 668 mil under revenues of RON 2,888 mil in 2017, up -35.9% and 0.687% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RON 2,033 mil in 2008 and an all time low o...

BCR's npls (as % of loans) fell 26.5% to 9.38% in 2017

By Helgi Analytics - May 28, 2018

Banca Commerciala Romana's non-performing loans reached 9.38% of total loans at the end of 2017, down from 12.8% compared to the previous year. Historically, the NPL ratio hit an all time high of 30.6% in 2013 and an all time low of 2.88% in 2007. Provision...

BCR's customer loans rose 3.72% to RON 33,491 mil in 2017

By Helgi Analytics - July 16, 2018

Banca Commerciala Romana's customer loans reached RON 33,491 mil in 2017, up 3.72% compared to the previous year. Romanian banking sector provided customer loans of RON 233 bil in 2017, up 5.70% when compared to the last year. Banca Commerciala Romana acc...

BCR's net interest income fell 1.26% to RON 1,764 mil in 2017

By Helgi Analytics - May 28, 2018

Banca Commerciala Romana generated total banking revenues of RON 2,888 mil in 2017, up 0.687% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RON 5,237 mil in...

BCR's customer loan growth rose 855% to 3.72% in 2017

By Helgi Analytics - May 28, 2018

Banca Commerciala Romana's customer loan growth reached 3.72% in 2017, up from -0.492% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 73.5% in 2002 and an all time low of -15.3% in 2013. In the last decade...

BCR's total revenues rose 0.687% to RON 4,318 mil in 2017

By Helgi Analytics - May 28, 2018

Banca Commerciala Romana generated total banking revenues of RON 4,318 mil in 2011, down 6.17% compared to the previous year. Romanian banking sector banking sector generated total revenues of RON 22,898 mil in 2011, down 4.28% when compared to the la...

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Banca Comercială Română (BCR) is a Romania-based universal bank. The Bank offers a wide range of banking and other financial services to commercial and private banking clients. Its products include loans, current and saving accounts, and deposits amongst others. The Bank is the largest bank in Romania with 16% market share in terms of assets. At the end of 2013, the Bank operated a network of 600 branches and 2,100 ATMs and employed over 7,000 persons. Since 2006, BCR is a member of Erste Bank Group. With 16 million clients, 2,900 branches and 46,000 employees, Erste Group is today one of the largest financial services providers in the Eastern part of EU in terms of clients and total assets.

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Finance

Banca Commerciala Romana has been growing its revenues and asset by -5.20% and 4.80% a year on average in the last 3 years. Its loans and deposits have grown by 0.938% and 9.56% a year during that time and loans to deposits ratio reached 63.8% at the end of 2017. The company achieved an average return on equity of 14.3% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 53.5% in 2017, compared to 52.5% average in the last three years.

Equity represented 10.5% of total assets or of loans at the end of 2017. Banca Commerciala Romana's non-performing loans were 9.38% of total loans while provisions covered some 80.3% of NPLs at the end of 2017.