Romania's BRD group 9-month net profit up 25% to 920 mln lei

BRD Groupe Societe Generale SA

04/11/2021 10:13

Nov 4 (Reuters) - Romanian lender BRD Group Societe Generale
 ROBRD.BX , majority-controlled by France's Societe Generale
 SOGN.PA : 
    * Says its net profit rose roughly 25% on the year in the
first
nine months to 920.3 million lei ($214.82 million).
    * Says BRD Group's net banking income rose 1.2% on the year
to
2.33 billion lei.
 
    * Says return on equity was 12.5% in January-September, +1.2
ppts
higher compared to same period of 2020 and return on assets of
1.9%, 0.2 ppts higher from the same 2020 period.
    * Says loan portfolio quality kept being solid with credit
risk
indicators at comfortable levels. As of September 2021 the NPL
ratio was 3.2% decreasing slightly from September 2020 end level
of 3.4%.
Further company coverage:  ROBRD.BX 


($1 = 4.2840 lei)

 ((bucharest.newsroom@thomsonreuters.com))