BRD Groupe Societe Generale, the second largest bank on theRomanian market, for this year expects a "stable and slightlyhigher" net income from last year and a stabilisation of the levelof bad loan provisions. As revealed by the balance sheet, BRDmanagement forecasts 5-10% growth both for attracted deposits andgranted loans, counting on a lending thaw-up particularly on thecorporate segment. As the budget due to be submitted toshareholders' approval in late April shows, BRD management expectsthe economy to have left the worst behind and start rebounding."These seem realistic work hypotheses to me. Though provisions riskrising further, this may be offset by the bigger interest margin,"explains Florin Ilie, head of the capital markets department of INGBank. BRD in 2009 reported net income worth 779m RON (183.7meuros), down 42% from 2008, given that net risk charges topped 1bnRON (238m euros), 2.3 times higher than in the previous year.Despite of the falling income, BRD last year had the biggest profiton the market.
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