BRD’s Chief: NPLs Not A Result Of Bad Lending Practices

02.13.2013 By Florentina Dragu

The high ratio of non-performing loans in BRD-Groupe Societe Generale’s (BRD.RO) corporate segment is a direct consequence of the financial and economic crisis and not the result of faulty lending proceedings in the two years prior to the crisis, the bank’s chief said Wednesday.

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