In 2016 BCR Chisinau aims to extend its client portfolio and to strengthen its presence on the market. It will also suggest personalized solutions for supporting the companies with viable businesses and sustainable projects. The bank’s administration aims to also consolidate the network of branches, IPN reports, quoting a communique of the company.

The recent general assembly of shareholders of Banca Comerciala Romana Chisinau S.A. (Romanian Commercial Bank Chisinau) adopted a series of strategic decisions that will have an impact on the bank’s direction and activity in 2016. “BCR Chisinau SA finished 2015 with a net profit of 26.4 million lei as a result of the rise in operational incomes and maintenance of an expenditure monitoring policy. The expense to income ratio improved to 59%, as opposed to 69% in 2014,” said the executive president of BCR Chisinau Juan Luis Martin Ortigosa.

The executive president noted that to support a healthy growth on all the segments in the next few years, the bank’s capitalization will be kept high and solid.

In 2015, when the bank restructuring process initiated in 2013 was completed, BCR Chisinau concentrated its efforts on strengthening its commercial activity and on improving the performance of the IT solutions offered to its clients. This led to the attraction of new national and foreign companies and to the improvement of the satisfaction level of clients. The bank also continued to adjust its Middle and Back Office functions, to improve operational efficiency and to strength the internal control systems.