BRD continued its solid performance in Q2
BRD’s reported net income came to RON 366 mln in the second quarter, downby 12% YoY mainly driven by higher operating expenses, while moderated risk
costs and lower contribution to Guarantee Scheme and Resolution Fund
resulted in a 13% QoQ increase in net income.
NII was up by 7.7% YoY thanks to positive volume effect, but there was a
slight decline of 0.9% QoQ as a result of higher cost of funding, therefore NIM
also declined by 0.1%ppt to 3.3%
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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