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