Brief: Romania's BRD bank H1 net profit jumps 65 pct y/y

BRD Groupe Societe Generale SA

03/08/2016 08:57

BUCHAREST, Aug 3 (Reuters) - Romanian lender BRD Groupe 
Societe Generale  ROBRD.BX  
    * Says records net profit of 382 million lei ($96.22 
million) in the first half, up 65 percent from 232 million lei 
in the same period of last year.  
    * The overall net profit of BRD Group, which includes leasin 
and asset management, stood at 381 million lei, up 64 percent on 
the year. 
    * Says its net banking income rose by 13.7 percent in the 
half to 1.38 billion lei because of higher net interest income 
and net fees and commissions.  
    * Says its non-performing loan ratio fell to 14.4 percent, 
from 18.6 percent at the end of June 2015. 
    * Says it set aside general provisions worth 90 million lei 
to account for a law passed this year that enables borrowers to 
walk away from their mortgaged properties. 
    * Further company coverage: ROBRD.BX 
 
($1 = 3.9702 lei) 
 
 (Bucharest newsroom) 
 ((bucharest.newsroom@thomsonreuters.com; +40 21 305 5266)) 
 
Keywords: BRD RESULTS/