BRD shares were trading at RON14.28 per unit on Tuesday, in Bucharest.
According to ZF calculations based on NN’s half-year report, NN’s private pension fund holds 3.4% of the share capital of BRD, namely 23.7 million shares. This fund, the largest in Romania, has invested RON3 billion in shares listed on the Bucharest Stock Exchange in the first half of 2019, up 29% compared with the end of 2018, according to ZF calculations based on half-year reports.
NN’s private pension fund has invested mainly in shares in the energy sector, in companies such as Electrica, Transelectrica, Romgaz, as well as in lenders Banca Transilvania and BRD.
BRD-Soc Gen, the third largest bank, by assets, on the Romanian market, reported a net profit of RON766.7 million in the first half of 2019, up 2.2% compared with the year-earlier period. The result was due mostly to an increase in the net income, in the context of favourable interest rates on the market and growing volumes, and to risk cost adjustments.