Romanian lender BRD-SocGen gauges 10% slip of net profit this year

The bank's net last year surged to 1.127 billion lei helped by the sale of stake in Asiban.

BRD plans to hike assets to 13 billion euros and grant 10 percent more loans. It also aims to raise deposits 10-15 percent, same as the net income and the operating spending.

Investments this year will stand at about 60 million euros, less than last year's 64.8 million euros last year.

In 2008 the bank's income reached 3.199 billion lei, growing an annual 27 percent, similar to the lending increase, to 34 million lei.

The management of the bank will propose shareholders to approve of the idea to pay gross dividend of 0.72828 lei per share for last year's profit and also issue 600 million euros worth of bonds in the next two years.

NewsIn