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

August 5, 2024

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 return on average equity of 16%. 

BRD’s market capitalization is RON 15.3bn (EUR 3bn) after the price of its shares rose by 49% y/y. The yield generated by the dividend paid put pf the 2023...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/brd-results-aug-2024
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