Brief: Romanian bank BRD's nine-month net profit jumps

BRD Groupe Societe Generale SA

05/11/2015 07:44

Nov 5 (Reuters) -    BRD Bank  ROBRD.BX  
     
    * Net profit of 380 million lei ($92.69 million)in the first 
nine months of 2015, compared to 38 million in the corresponding 
period of 2014, thanks to further decline of risk cost and 
contained costs. 
    * Sequential increase in revenues since Q1-2015, although 
year-on-year evolution was still affected by low interest rates  
    * Coverage ratio of non-performing loans with IFRS pr 
ovisions posted at  76.0 percent for the Bank as at  
September 30, 2015 (71.5 percent as at September 30, 2014) 
    * Further  improvement  of  individuals' demand for new  
loans (loan production up by 17 percent against  
January - September 2014): continued growth of housing 
loan production and rising interest for consumer loans  
     
    Further company coverage:  ROBRD.BX   
 
($1 = 4.0996 lei)