In January through September 2012, BRD reported a net profit of RON10.39 million. The results are calculated according to international accounting standards.
BRD said net risk costs fell 10.5% to RON1.04 billion in the first nine months of 2013, from RON1.16 billion in the year-earlier period.
Operating profit was RON1.11 billion, down 5.7% on the year, BRD said in its financial report.
Net banking revenue fell 5.6% on the year to RON2.06 billion in the January-September period, hit by lower net interest margins. Operating expenses declined 5.5% year-on-year to RON948 million.
The cost to income ratio was stable at 46.1%, BRD said.
It said total loans fell 5.1% on the year to RON34.4 billion in the first nine months, largely due to a 10.9% decline in corporate lending, but overall deposits were up 6.6% to RON33.8 billion.
End-September, BRD reported total assets of RON45.13 billion, down from RON47.92 billion in December 2012.
The bank’s return on equity rose to 1.2% at the end of September, from 0.2% in the year-ago month.
BRD runs 915 offices in Romania and employs around 8,800 staff, according to bank data. French financial group Societe Generale is the bank’s main shareholder, with a 60.16% stake.
Wednesday, BRD closed up 0.64% at RON9.45 a share in Bucharest, valuing the company at RON6.58 billion. (EUR1=RON4.4328)