BRD posts RON 1.55 bln net profit in 2018, up 12 pct

Sorin Melenciuc 07/02/2019 | 11:05

BRD – Groupe Societe Generale, the third bank in Romania in terms of assets, has registered last year a total net profit of RON 1.55 billion (EUR 332 million), up 12 percent compared with 2017, on higher interest income.

BRD, controlled by the French financial group Societe Gnerale, said on Thursday that its total assets rose by 1.1 percent between December 2017 and December 2018, up to RON 54.09 billion (EUR 11.6 billion).

The bank’s operating income grew by 12.8 percent last year to RON 2.98 billion, mainly due to the increase of its interest income by 16.5 percent to RON 1.87 billion.

BRD is the third bank in Romania in terms of assets after Banca Transilvania (local private bank) and BCR (owned by Austria’s Erste Group). The first two lenders of Romania have both assets over RON 70 billion.

Tags: , ,
BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Sorin Melenciuc | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue