BRD - Strong set of results on risk cost, fees but all eyes on dividends
BRD reported net profit figure came to RON 402 mln, up 83% q-o-q and 136%
y-o-y. Net interest income stagnated at 507 mln q-o-q leading to a NIM
erosion of 8 bps due to interest rate impacts.
Net F&C was strong not only on a yearly basis due to a low base effect (+28%)
but on a quarterly level as well thanks to payment services, loan transactions
and card payments. OPEX stagnated more or less excluding the Deposit
Guarantee fund payment in the first quarter.
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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