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BRD Groupe Société Generale group, which operates Romania’s fourth-largest bank by assets, reported its net profit dropped by 4.6% y/y in Q1, but said that its profitability remains high — although not as high as last year and probably below the market average. On the upside, the bank’s loan portfolio rose nearly three times faster than the banking system’s average, over the past year, and the growth differential was higher in Q1 “Our loan portfolio grew by +12% y/y [at group level], with a strong contribution from all business segments … Lending on corporates preserves a steady growth, +20% y…

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