Romania: Profit of BRD Group shrinks by 10% y/y in H1

August 5, 2024

Profit of BRD Group shrinks by 10% y/y in H1
Aug 5, 2024

Profit of BRD Group shrinks by 10% y/y in H1.

The net profit of BRD (BVB: BRD), the fourth bank on the Romanian market by assets, contracted by 10% y/y to RON 675mn (EUR 136mn), although both lending and income increased. At the level of the entire BRD Group, the net profit dropped by 9.6% y/y to RON 694mn, resulting in an annualized (...)

[Read the article in Romania Business Insider]

SEE ALSO IN ROMANIAN NEWSPAPERS

Poland's bValue Plans To Invest EUR20M In At Least Three Companies In Romania Polish investment firm bValue is looking to invest in Romania in the coming period, allocating EUR20 million budget for companies in this country.

Organic Farm Input Producer Norofert Expands To Brazil Norofert (NRF.RO), a producer of organic ffarm inputs and provider of biotechnology for agriculture in Romania, listed on the Bucharest Stock Exchange on the AeRO market, is expanding its operations in Brazil. Its plans are to start construction of a plant there in partnership with Engenutri (...)

Premium Aerotec Reports 20.1% Higher Turnover, Of RON457.9M, For 2023 Airbus aircraft parts maker Premium Aerotec, a company member of Airbus group, reported a turnover of RON457.9 million (EUR92.6 million) for 2023, up 20.1% from RON381 million (EUR77.3 million) turnover posted in 2022, in line with finance ministry data.

Zoppas Industries Romania's 2023 Turnover Down 12.6% YoY To RON979.5M Home appliance component Maker Zoppas Industries, the local subsidiary of Italy's Zoppas Group, had a turnover of RON979.5 million (EUR198 million) in 2023, down 12.6% from RON1.121 billion (EUR227.3 million) in 2022, Ziarul Financiar (ZF) has calculated from finance ministry data.

TopTech, Part Of Bittnet System Group, Increases Credit Line From BRD SocGen By RON4M Business solutions integrator TopTech, part of Bittnet System Group (stock symbol: BNET), has informed investors in a stock market report on Sept 9 about increasing the (revolving-overdraft ceiling) credit line contracted from BRD - Groupe Société Générale (BRD).

Romania Rejects All Bids For April 2028 Bonds Romania's finance ministry on Monday (Sept 9) rejected all bids for government bonds maturing in April 2028, as it deemed the bid price unacceptable, central bank data showed.

Forvis Mazars Promotes Liviu Gheorghiu To Tax Partner Within Its Romanian Team Liviu Gheorghiu was promoted to the position of Tax Partner within the Romanian management team of Forvis Mazars, an internationally integrated partnership, specializing in audit, accountancy, advisory, tax and legal services, starting September 1, 2024.