Operating result reached €205 million in Q1 2026, marginally below the level of Q1 2025. This evolution reflects operating expenses increasing at a faster pace than operating income, driven by ongoing strategic investments and inflationary pressures. Net interest income slightly declined by 1.4% compared with Q1 2025, reaching €230 million, impacted by margin pressure in a competitive market.
Net fee and commission income grew by 6.8% year on year to €60 million in Q1 2026, supported by stronger transactional activity, lending growth, and higher insurance and investment related fees. Net trading result increased by 4.1% year on year to €25 million. As a result, operating income edged up by 0.3% year on year to €316 million, driven by higher fee and trading income.
The NPL ratio for BCR Group increased moderately to 3.0% as of March 2026 against December 2025. NPL provisioning coverage stood at 129% as of March 2026. Total capital ratio stood at 24.9% as of March 2026, well above regulatory requirements and reflecting BCR's strong capital position.
"We are at an economic inflection point, and the first three months of 2026 have reflected the combined impact of escalating geopolitical tensions, rising inflationary pressures, and disruptions in the global distribution of oil and gas," said Sergiu Manea, CEO BCR. "BCR has a responsibility towards people, communities and companies, as well as towards their financial health and stability. We have the capital, the team and the tools to support them."
