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Wednesday, September 07, 2005
UK financial magazine The Banker, member of Financial Times press group, has granted the Bank of The Year Award 2005 to Romanian commercial bank Banca Comerciala Romana (BCR).
Some 510 banks from more than 138 countries registered for The Banker 2005 Awards competiton.
BCR received the award for its continuous growth trend over the past years.
BCR's net profit rose from 43.26 mln euro in 1999 to 128.98 mln euro in 2004. BCR holds 25 percent of the market for corporate loans and 30 percent of the market for loans for individual clients in the country.
In terms of bank deposits from individual clients, BCR holds 32 percent of the market.
In addition, the award reflects the high performance of BCR group members BCR Asigurari, BCR Leasing, BCR Asset Management and BCR Securities.
Note that this is the fourth time that BCR receives The Banker Bank of the Year award.
BCR ranked 332nd in The Banker's top 1,000 commercial banks in the world last year, up 40 positions from 2003.
Posted by Iulia Rasoiu : 9/07/2005 09:39:00 am
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