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Romania's BRD bank 2017 net profit surges 90%, NPLs drop

BRD [BSE:BRD], Romania's third-largest bank by assets, said on Thursday its consolidated net profit in 2017 increased 89.5% year-on-year, reaching 1.380 billion lei ($366 million/297 million euro), seenews.com informs. Net profit growth last year was fuelled by strong core revenue and a positive cost of risk, BRD, part of France's Societe Generale, said in a statement filed with the Bucharest stock Exchange, BVB. The ratio of ...

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