BRD sees a 36 percent fall in net profit last year

Newsroom 14/02/2011 | 13:41

BRD – Groupe Societe Generale announced today that the banks net profit has dropped by 36 percent to RON 501 million last year, while the net income reached RON 3.68 billion, representing a 2 percent increased compared with 2009’s results.

“The economic crisis effects has left a mark also on the banking sector and especially on BRD’s results as the loans volume decreased last year, the actives have degraded while the provisions have increased,” explained Guy Poupet, president-general manager of BRD.

Here are some key figures of BRD’s financial results:

 

Clients:

–          Individuals          2.334 mln (2010)               2.379 mln (2009)

–          Companies         141,000 (2010)

Loans:

RON 34.5 bln (2010)        -1% compared with 2009

Deposits:

RON 29.82 bln (2010)      +2% compared with 2009

Interest margin:

+13%

Commissions:

-4% vs 2009 because of operations volume drop

Investments:

RON 130 mln, especially IT and real estate

Exploitation coefficient:

39% (2010)          42% (2009)

No. agencies:

937 (2010)           930 (2009)

No. of employees:

9,192 (2010)        9,018 (2009)

 

Source: BRD (non-audited results)

 

Dana Verdes

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
Newsroom | 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 business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    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