Romania's BRD 9-month net profit below expectations

BRD Groupe Societe Generale SA

07/11/2013 06:22

BUCHAREST, Nov 7 (Reuters) - Romania's second-largest bank, BRD  ROBRD.BX , controlled by France's Societe Generale SOGN.PA , posted a net profit of  51 million lei ($15.56 million) in the first nine months, below market expectations. The forecast in a Reuters poll was for a net profit of 113.2 million lei. BRD recorded a profit of 10.4 million lei in January-September 2012.   "The evolution of the banking market in Romania in the third quarter of this year has not been favoured by the macroeconomic conditions and demand for loans remained at low levels," BRD said in a statement on Thursday.  ($1 = 3.2766 Romanian lei) (Reporting by Ioana Patran) ((ioana.patran@thomsonreuters.com; +40 21 305 52 65; Reuters Messaging: ioana.patran.thomsonreuters.com@reuters.net)) Keywords: BRD/