BRD Posts RON332M Loss in 2012, On High Provisioning Costs

02.13.2013 By Bogdan Neagu

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) posted a preliminary net loss of 332 million lei (EUR74.5 million) in 2012, after a 61.6% surge in risk costs due to adverse macroeconomic environment and a tighter collateral valuation process, the lender said Wednesday.

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