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Societe Generale, Majority Shareholder Of BRD, Wants 2019 Profit Of RON1.5B To Be Allotted To Retained Earnings
Societe Generale, the majority shareholder of Romanian lender BRD SocGen (BRD.RO), has called on BRD shareholders to approve, in their general meeting of April 23, 2020, the allocation of th...
THR Marea Neagra, Held By SIF Transilvania, Switches To RON806,900 Profit In 2019
Romanian company THR Marea Neagra (EFO.RO), which manages several accommodation units in seaside resorts of Eforie Nord, Eforie Sud, Venus, Saturn and Neptun, on Thursday said it switched to...
Romanian Banking System Posts RON6.4B Profit In 2019
The banking system posted about RON6.4 billion lei net profit in 2019, 7.2% lower than in 2018 and assets rose to a new peak, RON495.3 billion, as lending increased by 7.6% on average, accor...
Two Continental Divisions Had Some 20% Profit Margins In 2018
Continental’s electronic component division, Continental Automotive systems, has become the most profitable division of the group in Romania, having posted 852.5 million lei net profit and a...
Romania’s Banking System Profit Down to RON5B in Jan-Sept
Romania’s banking system posted about 5 billion lei (over EUR1 billion) net profit in the first nine months and the assets reached a new high of almost RON473 billion, as lending increased b...
Ten Most Profitable Banks in Romania Posted RON6.6B Profit in 2018, Triple 2009 Level
The ten most profitable banks in Romania posted 6.64 billion lei (EUR1.39 billion) profit last year, 3.5 times higher than their profit a decade ago, in 2009, Trade Register data supplied to...
Banca Transilvania, BRD-SocGen And ING Most Profitable Banks in H1
Banca Transilvania, the largest bank in Romania by assets, was also the leading lender by profit in the first half, followed by BRD-SocGen and ING Bank.
Romania’s Banking System Sees RON2.77B Profit in H1
The net profit of the Romania’s banking system reached about 2.77 billion lei (EUR586 million) at the end of the first half, while assets rose to a new high of RON458.8 billion, as lending w...
Dobrogea Grup Returns to Profit in 2018
Dobrogea Grup, one of the largest milling and bakery producers in Romania, posted 1.2 million lei (EUR254,000) net profit in 2018, compared with RON31 million losses in the previous year, ZF...