Romania's BRD H1 net profit beats expectations

BRD Groupe Societe Generale SA

01/08/2013 07:27

BUCHAREST, Aug 1 (Reuters) - Romania's second-largest bank, BRD  ROBRD.BX , controlled by France's Societe Generale SOGN.PA , posted a net profit of 62 million lei ($18.65 million) in the first half, up 58 percent from the same period of 2012.  The forecast in a Reuters poll was for a net profit of 28.4 million lei. BRD recorded a profit of 39.4 million lei in the first half of last year.  "The net cost of risk for the first half of 2013 has seen a positive trend compared to June 30, 2012, with a decrease of 7.8 percent," BRD said in a statement on Thursday. ($1 = 3.3244 Romanian lei) (Reporting by Ioana Patran) ((ioana.patran@thomsonreuters.com; +40 21 305 52 65; Reuters Messaging: ioana.patran.thomsonreuters.com@reuters.net)) Keywords: BRD/