Thursday, February 12, 2009

Romanian BRD '08 net up 46 pct, above consensus

BUCHAREST, Feb 12 (Reuters) - Romania's No. 2 bank BRD BRDX.BX, controlled by France's Societe Generale (SOGN.PA: Quote, Profile, Research), posted a 46 percent rise in 2008 net profit on Thursday, above market expectations.

The bank posted a net profit of 1.37 billion lei ($413 million), versus an average expectation of 1.2 billion lei in a Reuters poll. (Reporting by Marius Zaharia, editing by Will Waterman)

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