Romania: BRD Shows Extensive Decrease Profits

Published: May 7, 2013; 17:16 · (Vindobona)

Romania's second-largest bank BRD profit down by 84%.

Romania: BRD Shows Extensive Decrease Profits / Picture: © BRD Groupe Société Générale

Romania's second-largest bank, BRD, coordinated by France's Societe Generale , displayed a net profit of RON 13m ($ 3.94m) in the first quarter, which is a decrease of 84% from the year-earlier period, Reuters announced. The forecast in a Reuters poll implicated a net profit of RON 37m. In 2012 the bank announced a net loss of 332 million lei. "The bank has been operating in a still…

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