Romania's BRD Group expects tax on banks' turnover to cost it $26 mln in 2024

BRD Groupe Societe Generale SA

08/02/2024 10:47

BUCHAREST, Feb 8 (Reuters) - Romanian lender BRD Group
Societe Generale  ROBRD.BX , majority-controlled by France's
Societe Generale  SOGN.PA  said on Thursday it expected a new
government tax on banks' turnover will cost it between 100
million lei ($21.67 million) and 120 million lei this year.
    The bank, which reported a record net profit earlier on
Thursday, also said it expected inflation and interest rates to
remain stable and relatively high in the first part of the year.
($1 = 4.6157 lei)

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