Brief: Romania's BRD bank net profit trebles in Q1

BRD Groupe Societe Generale SA

06/05/2015 08:13

BUCHAREST, May 6 (Reuters) - Romanian lender BRD Groupe 
Societe Generale  ROBRD.BX  
 
    Says Q1 consolidated net profit was 2.9 times higher on the 
year, at 140 million lei ($35.46 million).      
    Says its total assets amounted to 45.8 billion lei in Q1. 
    Says non-performing loans ratio falls to 20 percent from 25 
pecent in March 2014 due to write-off operations and sales of 
impaired receivables. 
    Says net cost of risk declined by 54.5 percent against Q1 
2014, with both the retail and non-retail segments registering 
significant improvements. 
    Says retail loans production advanced by 6 percent against 
Q1 2014, supported by housing loans. 
    Says deposits grew by 3.8 percent versus March 2014 and were 
relatively stable against December 2014 at 35.9 billion lei. 
    Says BRD continues to be well capitalised with a capital 
adequacy ratio of 17.6 percent on a standalone basis (under 
Basel III regulations) versus 17.2 percent in December 2014. 
 
     
Further company coverage:  ROBRD.BX       
($1 = 3.9841 lei) 
 
 (Reporting by Radu Marinas) 
 ((radu.marinas@thomsonreuters.com; +40 21 305 5263; Reuters 
Messaging: radu.marinas.thomsonreuters.com@reuters.net)) 
 
Keywords: BRD RESULTS/