Brief: Romania's BRD bank's net profit surges in 2015 y/y

BRD Groupe Societe Generale SA

11/02/2016 06:57

BUCHAREST, Feb 11 (Reuters) - Romanian lender BRD Groupe 
Societe Generale  ROBRD.BX      
    * Says its net profit surged to 467 million lei  ($117.87 
million) in 2015, compared with 68 million the year before, 
driven by ongoing improvement in risk costs and lower operating 
expenses. 
    * Says non-performing loans ratio fell to 17.1 percent at 
the end of 2015 from 20.3 percent. 
    * Says net cost of risk declined by 45.8 percent on the year 
at Group level. 
    * Says volume of new loans has risen 22 percent. 
 
($1 = 3.9620 lei) 
 
 (Reporting by Luiza Ilie) 
 ((luiza.ilie@thomsonreuters.com; +4021 305 5262; Reuters 
Messaging: luiza.ilie.thomsonreuters.com@reuters.net)) 
 
Keywords: BRD RESULTS/