Monday, May 3, 2010

BRD First-Quarter Net Income Declines to 199 Million Lei

By Irina Savu

May 3 (Bloomberg) -- BRD-Groupe Societe Generale SA, Romania’s second-biggest bank by assets, said first-quarter net income fell to 199 million lei from 210 million lei as provisions advanced.

Net interest income was 915 million lei in the first quarter while provisions rose to 324 million lei from 201 million lei in the year ago period, it said on its Web site today.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net

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