BRD Group Posts 20% Drop in Net Profit in 1Q, to RON240.7M

05.06.2020 By Oana Gavrila

BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets, said Wednesday its net profit dropped 20% on the year in the first quarter of 2020, to RON240.7 million, influenced by cost of risk charge after the recognition of a specific COVID-19 crisis provision overlay.

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