February 13, 2013 / 6:41 AM / 5 years ago

Romanian bank BRD posts 2012 net loss of $101 million

BUCHAREST, Feb 12 (Reuters) - Romania’s second-largest bank, BRD, controlled by France’s Societe Generale , recorded a 2012 net loss of 332 million lei ($101.59 million).

“Our financial performance was affected last year by the rise of risk costs in the circumstances of a difficult environment,” Philippe Lhotte, president and general director of BRD, said in a statement.

The results were reported under International Financial Reporting Standards and compare to a 26 million lei net profit forecast in a Reuters poll. In 2011 the bank recorded a 469 million lei net profit.

$1 = 3.2680 Romanian lei Reporting by Ioana Patran; Editing by Matt Driskill

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