BRD registers 140m-euro record profit despite slower growth - Azi

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BRD, the second-largest bank on the market, posted a record-high profit of 515 million RON (140.3 million euros) in the first half of the year, up 23% against the same time in 2007, according to Romanian accounting standards.

However, the profit growth rate slowed down against the 32% rate posted a year ago.The gross operating profit climbed 30% and reached over 770 million RON (209.7 million euros)."The first half of 2008 was characterised by difficult market conditions and by rising...

Read the whole story in: Ziarul Financiar