Brief: Romania's BRD group net profit down 4.1% to 1.49 bln in 2019

BRD Groupe Societe Generale SA

06/02/2020 06:43

Feb 6 (Reuters) - Romanian lender BRD Group Societe Generale
 ROBRD.BX , majority-controlled by France's Societe Generale
 SOGN.PA : 
    * Says records net profit of 1.49 billion lei ($344.16
million) in
2019, down 4.1% on the year. 
    * Says BRD Group's net banking income advanced 5.0% on the
year to
3.27 billion lei supported by robust commercial and operational
performance. 
    * Says positive results led to a return on equity of over
18%.
    * Says the quality of the loan portfolio further improved as
shown
by continued decline in non-performing loans ratio (according to
EBA definition) to 3.1% at the end of December.

Further company coverage:  ROBRD.BX 
($1 = 4.3294 lei)

 (Reporting by Luiza Ilie)
 ((luiza.ilie@thomsonreuters.com; +4021 527 0312; https://www.reuters.com/journalists/luiza-ilie))