Romania's BRD Group Jan-Sept net profit up 7.0 pct y/y

BRD Groupe Societe Generale SA

08/11/2018 07:51

BUCHAREST, Nov 8 (Reuters) - Romanian lender BRD Group
Societe Generale  ROBRD.BX 
    
    * Says records net profit of 1,142 million lei, 7.0 percent
up on the year (+28 percent excluding non-recurring items) on
strong operating performance and positive cost of risk.
    * Says net banking income, up 11 percent, pushed by healthy
net interest income generation, on volume growth and favourable
interest rate environment.
    * "BRD Group delivered very strong results, reflecting the
positive business momentum and strong operating performance.
Growth was driven by volumes’ increase on both retail loans and
deposits, intensified transactional activity while the rising
usage of remote banking solutions demonstrated the continuous
efforts to further enhance our digital offer," said Francois
Bloch, CEO of BRD Groupe Societe Generale.
    Further company coverage: ROBRD.BX
($1 = 3.9637 lei)

 (Bucharest Newsroom)
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