Romania's BRD group Q1 net profit up 30% to 342 mln lei

BRD Groupe Societe Generale SA

12/05/2023 07:11

May 12 (Reuters) - Romanian lender BRD Group Societe
Generale  ROBRD.BX , majority-controlled by France's Societe
Generale  SOGN.PA : 
    * Says its net profit rose 30% on the year in the first
quarter to
342 million lei ($76.57 million), driven by robust lending
growth.  
    * Says BRD Group's total revenues rose 15.5% on the year to
935
million lei. 
    * Says return on equity was 19% in the first quarter
compared with
12% in the same quarter of last year.
    * Says net loans were up 11.2% on the year at end-March to
38.7
billion lei.
    * 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 March. 
    * Says its total capital ratio stood at 21.9% and Tier 1
capital
ratio at 18.0% at end-March.  

Further company coverage:  ROBRD.BX 
($1 = 4.4664 lei)

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