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Bucharest
September 24, 2021
BUSINESS

BRD: Net profit of RON 13 M in Q1

BRD – Groupe Societe Generale (BRD) has registered a net profit of RON 13 M in Q1 of this year, down by 84 per cent year-on-year, and the volume of loans it offered grew by 2.1 per cent, according to the information posted on Tuesday by the Bucharest Exchange. Corporate loans registered a slight year-on-year growth (+1 per cent), with an especially good evolution when it comes to large corporate clients (+4.7 per cent compared to Q1 2012).

The volume of deposits grew at the end of Q1 this year by 3 per cent compared to March 31, 2012, reaching a level of RON 32.54 bln. Household deposits grew by 1.4 per cent compared to the end of 2012 and by 4.2 per cent compared to the first months of last year, with a particular emphasis on forex-denominated deposits (+14.3 per cent compared to March 31, 2012). The net cost risk in Q1 of 2013 grew by 4.2 per cent compared to the same period last year and continued to be strongly influenced by the adverse economic environment.

 

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