March 19 (SeeNews) - Romania's Raiffeisen Capital & Investment (RCI) said on Wednesday it maintained its 'Buy' recommendation on Societe Generale's Romanian unit BRD-GSG, following the release of the bank’s fourth quarter and full-year preliminary financial results under the international accounting standards. “BRD-GSG released its 2007 consolidated figures under IFRS which were strong and above our expectations. Net profit came in at 1.02 billion lei ($431 million/274 euro), up 45.6%, beating our and market expectations by some 11% and 15%, respectively,” RCI said in a statement. It placed its current 12-month target price of 30.15 lei under review. BRD-GSG reported a 40% rise in its 2007 preliminary net profit to 917 million lei under the Romanian Accounting Standards.
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