Romania's BRD group 2022 net profit up 1.4% y/y to 1.34 bln lei

BRD Groupe Societe Generale SA

08/02/2023 06:38

Feb 8 (Reuters) - Romanian lender BRD Group Societe
Generale  ROBRD.BX , majority-controlled by France's Societe
Generale  SOGN.PA : 
    * Says its net profit rose 1.4% on the year in 2022 to
roughly
1.34 billion lei ($294.16 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 11.7% on
the
year to 3.46 billion lei. 
    * Says BRD Group net loans, including leasing receivables,
rose
10.4% on the year. 
    * Says return on equity was 15.9% in 2022, up from 13.4% 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 2.5%
at the end of December, from 3.1% at the end of 2021.
    * Says board of directors decided not to propose a dividend
from
2022 profit, "to ensure enough lending capacity while respecting
on a permanent basis, including in severely adverse conditions
the regulated ratios."

Further company coverage:  ROBRD.BX 
($1 = 4.5553 lei)
 (Reporting by Luiza Ilie)
 ((luiza.ilie@thomsonreuters.com; +4021 527 0312; https://www.reuters.com/journalists/luiza-ilie))