BRD announces 285 million-euro nine-month net profit

The sale of Asiban has rounded the net profit that BRD derived nine months into the year to some 285 million euros, an increase of more than 52% compared with September 2007.

Excluding the net income of 62 million euros from the stake in Asiban insurance company, BRD's profit went up by 19% and reached 223 million euros.

The growth is slower than the 43% recorded in the first nine months of 2007. The slowdown of the profit dynamics became visible six months into the year, when the profit went up by 23% compared with 32% during the same period of 2007, which reflects the worsening conditions on the market.

Ziarul Financiar