Romania's BRD group H1 net profit edges down to 616.8 mln lei

BRD Groupe Societe Generale SA

03/08/2022 07:27

Aug 3 (Reuters) - Romanian lender BRD Group Societe Generale
 ROBRD.BX , majority-controlled by France's Societe Generale
 SOGN.PA : 
    * Says its net profit edged down roughly 1.5% on the year in
the
first half to 616.8 million lei ($127.47 million). 
    * Says BRD Group's net banking income rose 7.6% on the year
to
1.64 billion lei, driven primarily by higher net interest
income.  
    * Says return on equity was 15.6% in the first half,
compared with
12.6% 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 June, down from 3.3%.
    * Says risk costs showed a net charge of 46 million lei
compared
with a net reversal of 39 million lei in the first half of last
year, driven by an overall uncertain environment and partially
offset by recoveries from the non-performing portfolio. 

Further company coverage:  ROBRD.BX 
($1 = 4.8387 lei)

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