BRD-Groupe Societe Generale reported, in the first half of 2011, net revenue of RON 1.6bln, shrinking by 8.6 pc compared to June 2010, and net earnings of RON 282 M, slumping by 23.3 pc compared to RON 366.9 M-earnings for the same interval of the preceding year, Mediafax reports. According to BRD representatives, the results were influenced by overall economic activity, as well as the fairly low demand for banking services. The bank hopes that the awaited economic recovery will be confirmed in the second half of the year. Gross operating earnings amounted to RON 914 M.
The bank’s assets amounted, by mid-year, to RON 47.62bln, rising by 0.3 pc compared to December 2010 and ebbing by 2.1 pc compared to June 2010. The bank granted total loans of over RON 33.3bln.