BRD's net profit, down 13.7% in first half of the year
The bank's activity is affected by the prolonged economic crisis, which translates into a slower rate of demand for banking products and through a higher net cost of risk,” said Guy Poupet, president and general manager of French – owned BRD - Groupe Societe Generale.
The bank had EUR 11.1 billion of assets at the end of June this year, down 2 percent compared to mid-2009.