Romanian lender BRD plans to increase lending by 4.5%

Local bank BRD, owned by French Societe Generale, wants to grow this year by 4.5% its credit segment, to reach a net balance of EUR 6.2 billion. It also plans to attract 7.2% more deposits, amounting to EUR 8.6 billion. The bank expects to increase its net banking income by 3% and to increase last year’s profit. On the retail segment, the bank wants to increase its lending by 0.8% to EUR 3.8 billion, whereas for companies, it targets an 11.3% increase in loans, to EUR 2.3 billion, according to the company’s budget for 2015, cited by local Ziarul Financiar. In attracting resources, BRD aims to raise the deposit balance by 7.2%, from EUR 8 billion to EUR 8.69 billion. It plans to increase its portfolio of individual deposits by 6.7% to EUR 4.9 billion, and to raise the corporate deposits by 7.8%, reaching a balance of EUR 3.7 billion. The loan-to-deposit ratio would go down from 73% to 72%. editor@romania-insider.com