BRD group total Revenue Reach RON 810 One million, taller than To +7..Five% Comparison To First quarter of 2021.. Net Interest income recorded significant growth (+ 9.8% year-on-year), supported by very good ones. Momentum With a loan On the other hand, the positive effects of rising interest rates will gradually begin to be reflected in earnings.
Benefiting from increased customer trading volumes, it offset pressure on daily and trading banking service prices, net fees and commissions, with a year-on-year increase of 3.4%.
Operating expenses for the first quarter of 2022 totaled 460 million rons. The increase was limited to + 2.1%, except that contributions to the Deposit Guarantee and Resolution Fund increased by 40% (fully recognized in the first quarter of 2022 compared to 49.4 million rons in 2021. 69.2 million ron). .. Labor costs increased 2.5% due to the impact of price effects caused by rising wages, but were only partially compensated by continued structural headcount reductions. Other costs increased only slightly (+ 1.5% year-on-year), primarily due to the already visible impact of inflation on utility costs and communications costs.
Overall operating results were printed high in the first three months of the year, with total operating profit up 9.0% to Ron 350 million, compared to Ron 321 million in the first quarter of 2021. (+ 13.2% year-on-year, excluding cumulative contributions to deposit guarantees and resolutions). Fund).
Further decline in the non-performing loan ratio (2.7% as of the end of March 2021) and an increase in the coverage rate of the non-performing loan allowance (76.5%). Risk costs recorded reduced tariffs compared to the first quarter of 2021, which combined the effects of good recovery performance, but the outlook worsened given the current geopolitical situation (No. 2021). 32 million rons compared to 54 million rons in a quarter).
Considering all of the above, net income increased by 18% compared to the first quarter of 2021, and ROE reached a high of 12% in the first quarter of this year...
BRD Total capital ratio Was standing 21..Four% And Tier 1 capital ratio is 19.8% Current March 2022 end (rear Capitalization 2021 profit After deduction of approved dividends) Reflection solid Capital position.
BRD Group’s net lending, including loans and receivables, is recordeded High growth The pace is rising Year-on-year + 9.2% At the end of March 2022.
Unpaid net lending at retail Increased by + 5.1% year-on-year, supported by both individuals and small scale Business segment. Creating a personal loan Post Consistent growth of + 27% in the first quarter of 2022 Compared to the same period last year Mark the best Q1 ever Manufacturing, Drive To Strong dynamic of New arrival Mortgage (+ 139%).Corporate loan Post Very robust performance (+ 18% year-on-year) both a Dynamic activity for SMEs (+ 30% year-on-year) and strong growth in large corporate loans (+ 13% year-on-year). BRD continuedActively participated in the IMM Invest Program, Ron 289 million Of the loans approved in the first quarter of 2022, 23% are Agro IMM Invest sub– –program.Leasing activity The portfolio as a whole recorded a + 17% year-on-year increase, reaffirming its solid performance.
Deposits with customers reached 53.3 billion rons, an increase of 3.8% on an annual basis. Retail deposits’ Advance (3.4% year-on-year) benefited from increased influx into personal site accounts and was important. Contribution of SME resources (+ 16.5% year-on-year). Increase in corporate deposits (+ 4.8% year-on-year) Build on double– –Digit growth in SME deposits (+ 14.2% year-on-year).
BRD continued to be a very active participant. first time Issuance of Fideris Government Bonds for Retail MeInvestors held in 2022, About amountCowExactly equivalent to RON10bn Subscribedrough b bank network.
https://www.romaniajournal.ro/business/financial/brd-group-results-for-q1-2022-total-revenues-reached-ron-810-m/ Total revenue reached RON810M – Romanian Journal