For the first nine months of the year, RCI sees BRD's net profit after tax at 33.2 million lei under the International Financial Reporting Standards (IFRS), RCI said in a preview of BRD's third-quarter results.
BRD, a unit of French banking group Societe Generale, will release its third-quarter and nine-month results on November 6.
"We expect BRD-GSG's 3Q 12 unconsolidated bottom line to improve somewhat on a sequential basis but remain slightly in red," Raiffeisen Capital & Investment Research said.
Following are some projections for BRD's results made by RCI, under IFRS (in millions of lei):
Jan-Sept'12 | Q3'12 | Q2'12 | |
Net profit/Loss | 33.2 | -6.1 | -44.0 |
Profit before taxes | 39.3 | -6.9 | -48.7 |
Net interest income | 1,364.8 | 431.0 | 411.0 |
Gross loans | 35,878.0 | 35,878.0 | 35,237.0 |
Provisions for loan losses | -1,071.8 | -356.5 | -378.8 |
Blue chip BRD's shares were trading 0.64% down at 7.78 lei by 1253 GMT on the Bucharest Stock Exchange on Thursday.
(1 euro = 4.5353 Romanian lei)