Romania's BRD group Q1 net profit up 18% to 263.2 mln lei

BRD Groupe Societe Generale SA

05/05/2022 07:00

May 5 (Reuters) - Romanian lender BRD Group Societe Generale
 ROBRD.BX , majority-controlled by France's Societe Generale
 SOGN.PA : 
    * Says its net profit rose 18% on the year in the first
quarter to
263.2 million lei ($56.52 million), driven by higher interest
rates and a rise in housing and corporate loans. 
    * Says BRD Group's net banking income rose 7.5% on the year
to 810
million lei. 
    * Says return on equity was 12% in the first quarter
compared with
9% in the same quarter of last year.
    * Says net loans were up 9.2% on the year at end-March.
    * Says the quality of the loan portfolio was solid as shown
by the
non-performing loans ratio (according to EBA definition) of 2.7%
at the end of March. 
    * Says its total capital ratio stood at 21.4% and Tier 1
capital
ratio at 19.8% at end-March, after capitalization of 2021 profit
net of approved dividends. 

Further company coverage:  ROBRD.BX 
($1 = 4.6569 lei)

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