BRD
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BRD 1Q Net Profit Dives As Demand Falters
Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Tuesday said its net profit fell 84% to 13 million lei (EUR3 million) in the first quarter, hurt by wea...
CE Oltenia Broker Selection Yields Just One Bid - Sources
Romania’s Economy Ministry has received only one offer from brokerage houses for the upcoming listing of a 12% stake in state-run energy holding CE Oltenia, market participants told Mediafax...
BRD Granted Over EUR900M In Mortgage Loans Under First Home Program
Romanian lender BRD Groupe Societe Generale granted mortgage loans totaling over EUR900 million under the government-backed First Home program, between the summer of 2009 and the end of the...
BRD Eyes Return To Profit In 2013 As Risk Costs Poised To Drop
Romania's second-largest lender BRD-Societe Generale (BRD.RO) expects it will return to profit in 2013, helped by lower risk costs, the bank said in its draft revenue and expenditure budget...
Energomontaj Takes RON145M Syndicated Loan From Four Banks
Romanian Energomontaj will take a two-year of 145 million lei (EUR33 million) from a consortium of four local banks, to finance its operations and guarantee the company’s development project...
Comelf To Borrow EUR3.3M For Upgrade Project
Romanian industry equipment maker Comelf Bistrita (CMF.RO) plans to borrow EUR3.3 million from local bank BRD-Societe Generale to finance an upgrade project at its production lines, the comp...
BRD’s Chief: NPLs Not A Result Of Bad Lending Practices
The high ratio of non-performing loans in BRD-Groupe Societe Generale’s (BRD.RO) corporate segment is a direct consequence of the financial and economic crisis and not the result of faulty l...
BRD Posts RON332M Loss in 2012, On High Provisioning Costs
Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) posted a preliminary net loss of 332 million lei (EUR74.5 million) in 2012, after a 61.6% surge in risk costs due to advers...
Two Romanian Bank Managers Leaders Of Bank Fraud Group - Prosecutors
Adrian Martis, executive manager of a BRD unit in Bucharest, Andrei Nanu, commercial manager at another BRD unit in the capital, and Vasile Crestin were the leaders of a bank fraud group whi...