Sustainable impact and development:

‒     BCR is strengthening its position as the market leader in sustainable finance in Romania, with 40% of new corporate lending directed to green building projects and 31% to renewable energy investments. At the same time, the Casa Mea Natura loan, designed for the purchase of housing with energy certificate A and B, accounted for 77% of new mortgage loans in 2025, up from 69% in 2024.

‒     New sustainable financing across both corporate and retail segments exceeded RON 6.4 billion (EUR 1.26 billion), representing an increase of approximately 87% compared to 2024.

 

Trust in youngsters nowadays and personalized financial planning

‒     EUR 5 million invested in ZBOR, a project developed in partnership with an extensive network of NGOs active in youth development and social innovation. A year and a half after its launch, ZBOR ecosystem has reached over 70,000 young people nationwide through 9 hubs located in Constanța, Iași, Cluj, Brașov, Ploiești, Târgu Jiu, Baia Mare, Vaslui and Timișoara.

‒     Approximately 3 million Romanians educated through BCR's financial education programs – Money School and Financial Coaching

‒     More than 1.9 million people benefited from a personalized financial plan through Financial Coaching, including over 900,000 in 2025 alone. This planning tool has been integrated into the George Benefits Programme, Romania’s first banking loyalty program, available to 1.8 million BCR clients. Structured across five benefit levels – Go, Advanced, Pro, Max, and Max Invest – the programme encourages clients to diversify their financial portfolios and optimize their banking costs.

‒     To date, more than 1.4 million BCR clients have received discounts through the George Benefits Programme: around 50% in payments and cash withdrawals, while 420,000 customers accessed loans and deposits at preferential interest rates. In addition, 61% of clients who set a goal within the programme chose saving as their financial priority, also opening a saving account.

‒     Over the past 10 years, more than 1 million children, teenagers, young people and adults attended Money School trainings, with 100,000 participants in 2025 alone.

‒     BCR’s financial inclusion programme for rural and small urban communities, through which BCR operates two mobile branches, has so far covered 27,000 km and reached 52 communities, supporting over 7,500 people through financial education sessions and personalized banking services.

 

Accelerated digitalization

‒     2.34 million active George app users, up by 8.5% year-on-year.

‒     Accelerated adoption of digital retail products, with 94% of products for individual clients (current account openings, mortgage and consumer loans, savings accounts, deposits, insurance, and investment products) sold through a fully digital process, compared to 87% in 2024.

‒     Lifecycle financial protection supported by increased uptake of insurance and private pension products. The total insurance portfolio grew by 20% versus 2024, while the number of clients holding at least one insurance product increased by 13%. BCR combines commercial activity with financial education and prevention initiatives, with 70% of unsecured loans including life and unemployment insurance, and 99% of secured loans including life insurance.

‒     97% of clients joined the BCR PLUS Optional Pension Fund (Pillar III) through the fully digital flow available in George. This enhanced digital experience led to a 58% increase of new enrollments in 2025 compared to the same period last year, and the BCR PLUS Optional Pension Fund (Pilar III) now has over 175,000 participants building their future with BCR Pensii.

‒     Democratization of access to investments, with 97% of retail investment transactions in 2025 executed through fully digital journeys in George. The number of clients holding at least one investment product increased by 27% versus 2024, while recurring investment plans (Capital Plan) grew by 47%, confirming our focus on long-term financial planning and investment recurrence.

‒     Approximately 170,000 companies are enrolled in George for Business, Romania’s unique digital ecosystem. In 2025, over 76% of eligible clients opened their banking relationship through George, while more than 60% of loans to microenterprise clients were originated through the available digital products: Digital Overdraft, George Smart Credit and the George Credit Card.

‒     BCR expanded its portfolio of digital solutions for corporates, and as of December 2025 merchants can enroll in the RoPay system directly via George, benefiting from payment settlement in up to 10 seconds, immediate funds availability, optimized processing costs, simplified payment-to-delivery reconciliation, rapid implementation, and a high level of security and operational availability.

 

Customer engagement transformation

‒     BCR is the first bank in Romania to introduce RoPay Alias, providing a fully digital banking experience for its clients. Users can request or transfer money instantly using only a mobile phone number, without an IBAN, in a secure, efficient, and easy manner.

‒     Over 22% of customers accessed a mortgage through a 100% digital journey in George, compared to 9% in 2024. December 2025 reached a record level, with 30% of customers choosing George to originate their mortgage. BCR is the first bank in Romania to fully digitalize the most complex retail lending product, offering end-to-end digital journeys in George for both mortgage origination and refinancing.

‒     Over 2.1 million BCR products were opened through a fully digital process in 2025, marking a 16% increase compared to 2024.

‒     BCR clients received over RON 37 million through George Moneyback, the loyalty programme that rewards users with cashback for card payments. George Moneyback has now reached over 1.46 million users, up 7% compared to 2024.

‒     BCR further strengthened its portfolio of strategic partnerships supporting the growth of its digital ecosystem, through collaborations with leading brands in retail, e-commerce, mobility and services, such as eMAG, Kaufland, Bolt, OLX, Dedeman and Vodafone, alongside OMV, Mega Image and Uber. In addition, the George Store offering was expanded through new partnerships in travel, entertainment, mobility and shopping, including Animawings, Paralela 45, Dertour, Voxa, Uber and Freshful.

 

BCR’s impact on economy and society

In the retail banking business, BCR generated new loans to individuals and micro businesses of RON 17.8 billion in 2025, higher by 14.3% year-on-year. The stock of unsecured consumer loans (including credit cards and overdrafts) increased by 15.5% yoy. At the same time, the stock of mortgage loans increased by 10.4% yoy, of which the standard mortgage loans (Casa Mea) increased by 31.3% year-on-year, partially offset by repayments for Prima Casă loans.

 

In the corporate banking business, BCR approved new loans of RON 16.1 billion in 2025, of which about a quarter aimed for investments. The stock of corporate loans increased by 6.8% year-on-year. Most of the financing was directed towards energy, consumer goods, and public infrastructure, key sectors for Romania’s resilience and development. In 2025, BCR granted RON 6.5 billion for projects supporting the energy, agriculture, real estate, infrastructure, and construction sectors.

BCR serves as a financial partner for over 15,000 companies, including SMEs and large corporates, providing expertise and tailored solutions to meet the needs of the real economy. The bank is one of the market leaders in syndicated lending, with a total participation in 2025 of approximately RON 3.2 billion (EUR 630 million) in major expansion and technology-driven initiatives.

In 2025, BCR also approved more than 200 loans and other products totalling about RON 1.6 billion for prefinancing and co-financing of EU and national-funded projects for corporates and microenterprises.

Additionally, BCR granted loans backed by guarantees issued by the European Investment Fund (EIF), the National Guarantee Fund for SME (FNGCIMM), the European Investment Bank (EIB) and the Romanian Bank for Investment and Development (BID), totalling about RON 1.1 billion in 2025.

In the fourth quarter 2025, BCR signed an SME portfolio guarantee agreement with the Romanian Bank for Investment and Development. Based on this new instrument, BCR estimates to grant more than RON 1 billion financing in 2026, with a strong focus on investment loans.

 

In 2025, BCR Leasing exceeded the EUR 1 billion threshold in its financed portfolio, marking a significant milestone for the Romanian financial leasing market. This achievement reflects the successful implementation of the company’s growth and digital transformation strategy, as well as the trust of its 12,500 active customers and more than 350 partners. Reaching this level confirms BCR Leasing’s role as a strategic partner to the real economy, through financing that has supported the development of the entrepreneurial environment, from the renewal of auto fleets and investments in modern equipment to projects with long-term impact.

BCR Leasing recorded a 9% increase in new financing volumes compared to 2024 and achieved a record net profit of over RON 70 million in 2025. The company continued to actively support the economy, with more than a 53% increase in financing for light commercial vehicles and passenger cars, an evolution that fueled a 25% rise in financing for microenterprises and sole proprietors compared to the previous year. At the same time, financing for heavy commercial vehicles (over 3.5 tons) increased by 31% in the SME client segment. BCR Leasing contributed to supporting the business environment by financing companies across various sectors that collectively generate more than 260,000 jobs.

Digital transformation, a central pillar of BCR Leasing’s strategy, continued to enhance customer experience through simpler and more efficient solutions. As a result, 49% of early repayment requests were processed through the virtual assistant LEA, integrated into the Self-Service platform. The number of active users on the platform increased by 20% compared to 2024, while interactions with the LEA chatbot were 63% higher than in the previous year. Additionally, approximately 86% of customers who updated their information in the system chose the fully digital process, regardless of their ownership structure.

 

BCR Social Finance supported more than 2,170 microenterprises, including 1,030 in the agribusiness sector, by providing EUR 45.2 million in financing, which contributed to preserving over 4,150 jobs. In 2025, the institution financed 55 NGOs and social enterprises with EUR 7.6 million, contributing to the wellbeing of more than 140,000 beneficiaries, maintaining 1,350 jobs, and creating an additional 450 new positions. These financings support the United Nations Sustainable Development Goals (SDGs), with the most prominent being SDG 1 (No Poverty), SDG 2 (Zero Hunger), SDG 3 (Good Health and Wellbeing), SDG 4 (Quality Education), and SDG 11 (Sustainable Cities and Communities). Additionally, BCR Social Finance granted 256 StudyUP loans, totaling over EUR 500,000, to support lifelong learning through university, master’s, doctoral, and specialization programmes.

 

In 2025, Marc Impact Programme, a regional scaling programme implemented by BCR, BCR Social Finance and Synerb, completed its first cohort and launched the second mentorship edition for impact-driven businesses. In Romania, 40 companies addressing social or environmental challenges are involved in Marc, and as a result of the programme, HELP Autism has already secured over EUR 1 million in investment capital and launched Romania’s first social franchise, thereby facilitating access to more than EUR 100 million in government funding.

 

Financial highlights for BCR Group in 2025

BCR delivered a solid financial performance, posting a net profit of RON 3,320 million (EUR 658 million) in 2025, up by 20.0% against RON 2,767 million (EUR 556 million) in 2024, supported by continued expansion in customer business.

In September 2025, BCR Group recorded a one-off income amounting to RON 388.9 million as a result of the favourable High Court ruling from 2024 becoming final and MDLPA Decision no. 201286/26.09.2024 (‘Amnesty Decision’) becoming final, thus allowing for the reversal of the previously recognized liability. The favourable ruling referred to the legal action initiated by BCR BpL subsidiary in 2022 for the cancellation of accessory budgetary obligations ((i.e. interest and penalties accrued to the principal obligation for the period elapsed between date when the state premiums were cashed in and the date when BCR BpL reimbursed the state premiums to MDLPA), based on the special provisions of Government Emergency Ordinance no. 69/2020 on several fiscal measures, extension of certain deadlines, introduction of certain tax incentives and amendment of certain regulatory acts.

Operating result improved by 8.2% to RON 4,137 million (EUR 821 million) in 2025, compared to RON 3.825 million (EUR 769 million) in 2024, supported by higher operating income.

Net interest income rose by 7.8%, reaching RON 4,746 million (EUR 941 million) in 2025, up from RON 4,401 million (EUR 885 million) in 2024. The advance reflects higher business volumes and an optimized balance sheet structure.

Net fee and commission income increased by 7.6% to RON 1,214 million (EUR 241 million) in 2025, compared to RON 1,128 million (EUR 227 million) in 2024, driven by stronger transactional activity, lending growth and higher insurance-related fees.

Net trading & FV result increased by 7.4% to RON 555 million (EUR 110 million) in 2025, from RON 517 million (EUR 104 million) in 2024.

As a result of these developments, operating income advanced by 7.2% reaching RON 6,533 million (EUR 1,296 million) in 2025, compared to RON 6,096 million (EUR 1,225 million) in 2024.

General administrative expenses rose by 5.5%, reaching RON 2,395 million (EUR 475 million) in 2025 versus RON 2,271 million (EUR 456 million) in 2024, driven by continued investments in strategic projects as well as the impact of inflation and increased VAT.

As such, the cost-income ratio improved to 36.7% in 2025, versus 37.3% in 2024.

 

Risk Costs and Asset Quality

The net result from the impairment of financial instruments amounted to RON 252 million (EUR 50 million) in 2025, compared with RON 106 million (EUR 21 million) in 2024. This development reflects the growth in customer business volume as well as the new NPL formation, partially compensated by provision releases from recoveries and debt sales.

The NPL ratio for BCR Group, calculated according to Erste Group methodology, stood at 2.7% as of December 2025, broadly in line with 2.6% recorded in December 2024. The stable year-on-year evolution reflects the positive lending dynamics, solid portfolio quality, and the efficient NPL management measures taken during the year. The NPL provisioning coverage stood at 132% as of December 2025.

 

Capital position and funding

Total (Tier 1+2) capital ratio of BCR Group stood at 22.8% as of December 2025, well above the regulatory requirements of the National Bank of Romania and clearly reflecting BCR’s strong capital and funding positions.

Net loans and advances to customers increased by 9.3% against 31 December 2024 to RON 72,956 million (EUR 14,314 million) as of 31 December 2025, supported by the advance in both retail and corporate segments.

Deposits from customers increased by 2.3% against 31 December 2024 to RON 93,084 million (EUR 18,263 million) as of 31 December 2025, driven by the increase in retail deposits.