BRD
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BCR, BRD Eye Rapid Amendment Of Mortgage Bonds Law
Romania’s lender BCR and BRD consider necessary the immediate amendment of the legislation regarding the covered bonds, which will ensure the banks the required liquidity to finance medium a...
Fitch Affirms Romania's BCR And BRD At 'BBB+', Garanti Bank At 'BB+'
Fitch Ratings Wednesday affirmed its long-term issuer default ratings on Romanian banks Banca Comerciala Romana and BRD-Groupe Societe Generale at ‘BBB+’ and on Garanti Bank Romania at ‘BB+’...
BRD Net Profit Drops To RON10.4M In First 9 Months As Provisions Rise
Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Tuesday said its net profit fell 97.7% on the year to 10.38 million lei (EUR2.3 million) in the first n...
UAMT Oradea Seeks Loan To Upgrade Production Unit
Romanian car parts maker UAMT Oradea (UAM. RO) wants to take out a loan from BRD-Groupe Societe Generale (BRD.RO) to fit its production units with modern equipment.
BRD Extends RON150M Revolving Loan To Transelectrica
Romanian state-run power grid operator Transelectrica (TEL.RO) contracted a revolving loan facility from BRD-Groupe Societe Generale (BRD.RO), with a 150 million lei (EUR33.1 million) ceilin...
Philippe Lhotte Takes Over As BRD Chief Executive Officer
Romanian second largest bank BRD (BRD.RO), a unit of France’s Societe Generale, Wednesday announced that Philippe Charles Lhotte was authorized to serve as the bank’s new chief executive off...
BRD Cuts Romania GDP Growth Forecast To 1.1% In 2012
Romanian lender BRD-Groupe Societe Generale (BRD.RO) Wednesday revised downward its forecast on the country’s economic growth to 1.1% in 2012, from 1.4% previously, citing prolonged uncertai...
Large Banks Still Spend More Than Half Of Expense Budgets On Salaries
BCR, BRD and Banca Transilvania, the three largest banks on the Romanian market, spent more than 1.8 billion lei (EUR0.4 billion) on employee salaries last year. This means 56% to 59% of the...
BRD First Half Net Profit Falls On Higher Risk Costs
Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Monday said its net profit fell 88% on the year to 39.4 million lei (EUR8.54) in the first six months o...