SocGen’s BRD Posts Surging Profit on Visa Deal, Replaces CEO

  • Romanian lender gains $26 million from Visa Europe stake sale
  • CEO Lhotte to be replaced with Rosbank’s Bloch from Nov. 1

BRD-Groupe Societe Generale SA reported a more than 60 percent increase in first-half earnings due to the sale of its stake in Visa Europe and lower costs. It also announced a change of leadership.

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