BUCHAREST (Romania), November 12 (SeeNews) - The Romanian Development Bank (BRD), majority owned by French banking group Societe Generale, said on Monday its nine-month net profit rose by 43% to 682 million lei ($291 million/199 million euro), in line with analyst expectations.
A SeeNews poll of three Romanian brokerage houses conducted last week put the BRD's nine-month net profit between 605 million lei and 682 million lei, and assets between 32.4 billion and 35.4 billion lei.
BRD shares were the most traded stock on the Bucharest Stock exchange (BVB) on Monday, dropping 4.47% to 23.5 lei in seven million lei of turnover. The bank's nine-month results were released after the end of trading on the BVB.
"The achieved result is within the parameters of our 2007 budget. In the context of a banking market which is starting to stabilise, BRD is finding ways to diversify its products and services offer in order to provide an important growth of its operations and results," BRD's president Patrick Gelin said in a statement.
The BRD's net profit rose by 19% to 656 million lei last year. Its assets reached 30.8 billion lei at the end of June from 28 billion at the end of last year.
(1 euro = 3.4276 Romanian lei)
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