Western support for Ukraine far exceeds the U.S. plan to rebuild Western Europe after World War II (Marshall Plan), said European Bank for Reconstruction and Development (EBRD) President, Odile Renaud-Basso, Politico reported on Feb. 13.
BRD SocGen, the third largest banking institution in Romania by assets, is set to convene its shareholders on April 25 to vote on the distribution of 60% of its 2023 net profit under the form of dividends.
BRD-SocGen, the third largest bank on the local market by assets, in 2023 generated RON1.63 billion net profit, 27% higher than in 2022, amid RON3.7 billion revenues, up 13%.
Despite its economy steadily improving from the first months of the full-scale invasion, very little foreign capital is currently trickling down to Ukraine’s private and public sectors. Money from international financial institutions has helped stabilize the economy, bolstering forecasts of 3.2% gross domestic product (GDP) growth this year, according to the World Bank.