Romania's BRD group 2021 net profit up 37% y/y to 1.32 bln lei

BRD Groupe Societe Generale SA

10/02/2022 06:52

Feb 10 (Reuters) - Romanian lender BRD Group Societe
Generale  ROBRD.BX , majority-controlled by France's Societe
Generale  SOGN.PA : 
    * Says its net profit rose 37% on the year in 2021 to 1.32
billion
lei ($305.17 million), driven in part by a rise in corporate and
retail lending, and higher fee reveue. 
    * Says BRD Group's net banking income rose roughly 1.0% on
the
year to 3.12 billion lei. 
    * Says BRD Group net loans, including leasing receivables,
rose
11.2% on the year. 
    * Says return on equity was 15.6% in 2021, up from 11% in
the
previous year. 
    * Says the quality of the loan portfolio was solid as shown
by the
non-performing loans ratio (according to EBA definition) of 3.1%
at the end of December, from 3.0% at the end of 2020.
    * Says has poposed a dividend distribution rate of 70% of
2021's
distributable profit, or 1.285 lei per share, pending
shareholder approval at a meeting on April 28. 

Further company coverage:  ROBRD.BX 
($1 = 4.3255 lei)

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