BRD Q1 Net Profit Declines 39%

Romania's bank BRD-Groupe Societe Generale SA reported a 39% decline in its Q1 net profit. The bank's quarterly net profit fell to 83.4 million lei (EUR19 million), from RON137.1 million, in the year-ago period. The bank's operating income rose 6% y/y to RON767.3 million. Its revenue from interest climbed 4.6% in the quarter, while operating costs dropped 2%.