BCR reports H1 loss of 20.8 ml lei due to provision for BpL
Publicat:BCR reported a net loss of 20.8 million lei (4.4 million euro) in H1 2019 as a result of the exceptional provision set aside in connection with the activity of the 'BCR Banca pentru Locuinte' housing bank, the lender said in a Wednesday release. Romania's High Court ruled in June this year that the BCR housing bank did not comply with the law requirements regarding the payment of state premiums for the clients of the home savings and loan plan (bauspar). BCR owner Erste Group Bank announced last month that it will set aside up to 230 million euro following the ruling of Romania's top court…
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