BRD
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BRD Cannot Restart Lending Because Of Low Demand And Still Ailing Economy
BRD-Societe Generale, the second-largest bank on the Romanian market, has not found enough clients to match the value of repaid amounts, so the volume of loans fell 3% in September against t...
BRD Romania 9-Month Net Profit Falls 19% To RON382M
Romania's second-largest lender BRD Societe-Generale (BRD.RO) on Friday said its net profit fell 19% to 382 million lei (EUR90 million) in the first nine months, hit by weak demand and diffi...
BRD: BNR Likely To Cut Key Rate By Quarter-Point In November
Romania’s lower-than-expected inflation could prompt the central bank to lower its key rate by a quarter-percentage point to 6% in November, the first cut in 17 months, BRD-Groupe Societe Ge...
BRD Cuts Romanian GDP Growth Forecast To 2.1% In 2012
Romanian lender BRD-Groupe Societe Generale (BRD.RO) Thursday revised downward its forecast on the economic growth to 2.1% in 2012, from 2.8% previously, citing declining contributions from...
Debt Crisis Wiped Half A Billion Euros Of Romanian Banks’ Capitalization
The three Romanian banks listed on the Bucharest Stock Exchange were hit hard by the euro zone sovereign debt crisis, losing over 2 billion lei (EUR460 million) of their market value in the...
Minor BRD Stake Sold On Bucharest Bourse's Deal Market For RON23M
A 0.28% stake in lender BRD-Groupe Societe Generale (BRD.RO) was traded Friday on the Bucharest Stock Exchange’s deal market for 23.1 million lei (EUR5.3 million), 2.63% above the market pri...
BCR Tempts Customers With 14% Interest For Two-Year Deposits
BCR is trying to persuade customers to keep their savings in lei in the bank for two years in exchange for a fixed 14% interest, instead of renewing their deposits every three months and get...
Austrian Banks Add EUR0.5B To Romanian Market, French Banks Withdraw EUR4.8B
Austrian banks increased their exposure to Romania in the first quarter of this year, while French and Greek banks reduced their financing lines, according to data from the Bank of Internati...
Sorin Popa Promoted To Delegate Executive Officer At BRD
Romania’s second-largest bank by assets BRD-Groupe Societe Generale Friday said it has appointed Sorin Popa as the new delegate executive officer, the second highest position in the bank.