BRD’s net lending reached RON29.8 billion in the first six months, up 4.5% compared with the first half of 2016, while deposits grew 6.8% compared with the first half of 2016.
The bank’s loan to deposit ratio stood at 69.1% in the first six months, -1.5 percentage points compared with end-June 2016 and +1.6 points compared with end-December 2016.
Net banking revenue reached RON1.342 billion, up 2.1% compared with the first half of 2016, excluding non-recurring elements that totaled RON121 million, the bank said.
Net interest revenue grew 5.5% on the year in the first six months, compensating for a 3.7% drop in revenues from banking commissions and fees in the same period.
Operating expenses grew 2.1% in the first half.
BRD lowered its non-performing loan (NPL) ratio to 8.5% end-June 2017, from 11.8% end-June 2016.