Brief: Romania's BRD bank Q1 net profit edges lower to 73 mln lei y/y

BRD Groupe Societe Generale SA

04/05/2016 07:36

BUCHAREST, May 4 (Reuters) - Romanian lender BRD Groupe 
Societe Generale  ROBRD.BX  
    * Says records net profit of 73 million lei  ($18.69 
million) in the first quarter, down 14.3 percent from 85 million 
lei in the same quarter of last year. 
    * Says results reflect "further provisioning of non 
defaulted loan exposures". 
    * Says its net banking income rose by 3.0 percent in the 
first quarter because of higher net interest income and net fees 
and commissions. BRD Group's net banking income stood at 647 
million lei. 
    * Says its non-performing loan ratio stood at 16.4 percent, 
down from 20.3 percent at the end of March 2015. 
    * BRD CEO Philippe Lhotte: "The first quarter marked a good 
start to 2016, illustrating a pronounced improvement in 
operating performance and dynamic activity on individual and 
large corporate customers. Going forward, BRD will continue to 
pursue market opportunities by capitalizing on its universal 
bank model." 
    * Further company coverage: ROBRD.BX 
 
($1 = 3.9054 lei) 
 
 (Bucharest newsroom) 
 ((bucharest.newsroom@thomsonreuters.com; +40 21 305 5266)) 
 
Keywords: BRD RESULTS/