Wimmer, Erste: People Have Yet To See Benefits Of Economic Stabilization

08.16.2011 By Razvan Voican

BCR (Banca Comerciala Romana) has put behind it the lowest point in terms of net interest income – a bank’s main source of profit, but recovery will be slow as long as sales of new retail loans are mainly driven by the First home scheme, where margins are much lower than for consumer loans, says Manfred Wimmer, chief financial officer of Erste Group, majority shareholder of the largest Romanian bank.

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