In retail banking business, BCR generated total new loans in local currency to individuals and micro businesses of RON 2 billion in Q1 2021.
Mortgage new sales in local currency increased by 17% yoy, mainly driven by Casa Mea mortgage product which represents 66% of the total.
Also, BCR continued to support the state guaranteed product Noua Casa, the funds allocated to the bank representing 30% of the total guarantees provided by the state.
New volumes for cash loans sales declined by 9.5% yoy as compared to similar period of last year, while overdraft and credit cards increased by 3.6% yoy.
Stock of mortgage in local currency increased by 19.5% yoy in Q1 2021, while the stock of consumer loans increased by 5.1% yoy.
In corporate banking business, BCR approved new corporate loans of RON 1 billion in Q1 2021, of which 47% investment loans.
The main driver was the advance of stock of financing granted to SME segment which increased by 17.6% yoy to RON 7.3 billion (EUR 1.5 billion) as of 31 March 2021.
Also, the financing of Public Sector increased by 17.7% yoy, of Real Estate by 6.1% yoy and of Large Corporate by 2.4% yoy.