Romania BRD Bank says it turned to profit in 2014

BRD Groupe Societe Generale SA

12/02/2015 07:11

BUCHAREST, Feb 12 (Reuters) - Romania's second-largest bank, 
BRD  ROBRD.BX , controlled by France's Societe Generale 
 SOGN.PA , reported a net profit of 43.2 million lei ($11.00 
million) for 2014 on Thursday, after posting a loss in the 
previous year. 
    The bank recorded a loss of 385.8 million lei in 2013. 
    BRD said its non-performing loans edged down to 20.3 percent 
in December from 24.9 percent in the previous year, under 
international financial reporting standards, due to "the 
implementation of an active write off and sale policy." 
    Its coverage of non-performing loans rose to 71 percent at 
the end of last year, from 69 percent at end-2013. 
($1 = 3.9270 lei) 
 
 (Reporting by Luiza Ilie) 
 ((luiza.ilie@thomsonreuters.com; +4021 305 5262; Reuters 
Messaging: luiza.ilie.thomsonreuters.com@reuters.net)) 
 
Keywords: BRD RESULTS/