Romania's BRD group Q1 net profit down 7.6% to 222.47 mln lei

BRD Groupe Societe Generale SA

06/05/2021 06:35

May 6 (Reuters) - Romanian lender BRD Group Societe Generale
 ROBRD.BX , majority-controlled by France's Societe Generale
 SOGN.PA : 
    * Says its net profit fell 7.6% on the year in the first
quarter
to 222.47 million lei, driven in part by lower net income from
interest rates and higher digitalization costs.
    * Says BRD Group's net banking income fell 1.0% on the year
to 759
million lei. 
    * Says return on equity was 9% in the first quarter compared
with
11.8% in the same quarter of last year, the decrease being
largely triggered by a higher capital base.
    * Says new reatil loans were up 9% on the year.
    * Says the quality of the loan portfolio was solid as shown
by the
non-performing loans ratio (according to EBA definition) of 3.3%
at the end of March, unchanged on the year.
    * Says its solvency ratio reached 31.6% at the end of March,
compared to 22.6% in March of last year. 
    * Says the number of digitized users was up 22% on the year.

Further company coverage:  ROBRD.BX 

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