Brief: Romania's BRD group Q1 net profit down 20% to 240.76 mln lei

BRD Groupe Societe Generale SA

06/05/2020 06:38

May 6 (Reuters) - Romanian lender BRD Group Societe Generale
 ROBRD.BX , majority-controlled by France's Societe Generale
 SOGN.PA : 
    * Says its net profit fell 20% on the year in the first
quarter to
240.76 million lei ($54.13 million), driven in part by lower net
income from fees, as well as lowed fixed income revenue as a
result of the coronavirus outbreak. 
    * Says BRD Group's net banking income fell 2.2% on the year
to 767
million lei. 
    * Says return on equity was down 3.6 percentage points to
11.8%. 
    * Says net loans rose 2.4% on the year.
    * Says the quality of the loan portfolio further improved as
shown
by continued decline in non-performing loans ratio (according to
EBA definition) to 3.3% at the end of March from 4.0% in the
same period of last year.

Further company coverage:  ROBRD.BX 
($1 = 4.4478 lei)

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