Romania's BRD Group 9-months net profit up 10.3% y/y

BRD Groupe Societe Generale SA

04/11/2022 06:47

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 10.3% on the year in the first
nine
months to 1.02 billion lei ($203.77 million). 
    * Says BRD Group's net banking income rose 9.8% on the year
to
2.54 billion lei, driven primarily by volume growth and higher
interest rates.  
    * Says return on equity was 16.7% in the first nine months,
compared with 12.5% in the same period of last year. 
    * Says the quality of the loan portfolio was solid as shown
by the
non-performing loans ratio (according to EBA definition) of 2.6%
at the end of September, down from 3.2% in Sept. 2021.
    * Says risk costs showed a net charge of 37 million lei
compared
with 42 million lei in the first nine months of last year,
driven by charges on its performing portfolio. 

Further company coverage:  ROBRD.BX 
($1 = 5.0057 lei)
 (Reporting by Luiza Ilie)
 ((luiza.ilie@thomsonreuters.com; +4021 527 0312; https://www.reuters.com/journalists/luiza-ilie))