BRD sees a 36 percent fall in net profit last year

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:

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–          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