BRD’s net profit in H1 2007 amounted to €125 mln, 32 percent higher than in the first six months the year before. The growth rate of profit anticipated for BRD is superior to results reported yesterday by majority shareholder Societe Generale, which posted a 45 percent drop in net profit.
BRD’s financial results will be posted on Monday. Analysts say the bank’s net profit for full year 2008 is between €335-431 million, including the results of the sale of a 25 percent participation in Asiban insurance company. The bank’s loan portfolio totaled €7.5 billion by the end of Q1 2008, 44 percent higher than in the same period in 2007.
