Monday, August 11, 2008

Romania's BRD H1 net profit up 23 pct

BUCHAREST, Aug 11 (Reuters) - Romania's second largest bank BRD, controlled by France's Societe Generale (SOGN.PA: Quote, Profile, Research, Stock Buzz), reported a 23 percent increase in first-half net profit on Monday, below market expectations.

BRD posted a net profit of 515 million lei ($224 million), versus an average expectation of 563 million lei in a Reuters poll. (Reporting by Marius Zaharia; Editing by Louise Ireland)

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