“The change of the financial auditor is one of the bank’s measures to ensure the independency and objectivity of the financial auditor,“ the bank said in a statement.
BRD switched to a net profit of 43 million lei (EUR9.6 million) in 2014, after two years of losses caused by risk provisions. End-2014, the bank’s assets totaled RON45 billion, down by RON2 billion from December 2013.
In 2014, Ernst & Young Assurance Services audited the financial results of BCR, Raiffeisen Bank, ING and Volksbank.
(English version by Manuela Panescu)