03.22.2012

Romanian second largest bank BRD (BRD.RO), majority-owned by France’s Societe Generale, formally proposed Alexandre Paul Maymat for the position of chief executive officer, the lender said in a more

03.05.2012

BRD-SocGen, the second largest bank on the local market by assets and the best profit maker, will drop the strategy used in the past two years when it protected profitability at all costs, a decline more

02.17.2012

Romania’s central bank approved the appointment of Gheorghe Marinel as deputy chief executive officer of BRD-Groupe Societe Generale (BRD.RO). more

02.17.2012

The Romanian banking system, which consists of 41 banks, took a tentative step forward in 2011, managing to increase its assets by 3.5% and cut its aggregated loss from 516 million lei (EUR118.6 more

02.14.2012

Romanian second largest lender BRD- Groupe Societe Generale (BRD.RO) estimates will free up provisions worth some 1.5 billion lei (EUR350 million) following the adoption of the international more

02.14.2012

Romanian bank interest rates are likely to increase in the coming period, despite the central bank’s monetary policy easing, the head of the country’s second largest lender BRD - Societe Generale more

02.14.2012

Romania’s second-largest lender BRD-Groupe Societe Generale (BRD.RO) Tuesday reported a net profit of 465 million lei (EUR109.7 million) for 2011, down 7% on the year, as the banking income was more

01.11.2012

Two stakes in Romanian lender BRD-Groupe Societe Generale (BRD.RO) were sold Wednesday on the Bucharest Stock Exchange’s deal market for a total 10.9 million lei (EUR2.5 million). more

12.27.2011

2011 is ending with several announcements regarding the top management teams of the top two Romanian banks – BCR and BRD, as well as with rumors and speculations concerning prospective new moves on more

12.20.2011

2012 will be another difficult year, it will probably resemble 2011 and will not bring any spectacular developments, said Guy Poupet, chairman of BRD-SocGen, the second largest bank on the market. more

12.19.2011

Moody's Investors Service placed under review for downgrade the ratings of Romanian bank BRD-Groupe Societe Generale (BRD.RO), following the recent downgrade of French parent bank's ratings. more

12.12.2011

French financial group Societe Generale will seek to implement BRD’s commercial and retail strategy on other markets as well, a strategy that brought it major earnings and helped it during the more

12.09.2011

The European Bank for Reconstruction and Development is considering extending Romania’s lender BRD two credit lines amounting to up to EUR30 million to finance energy saving projects. more

12.09.2011

The delegate general manager of Romanian lender BRD-Groupe Societe Generale (BRD.RO), Sorin Popa, will be promoted on January 2 to Paris headquarters, tasked with the commercial development of the more

12.08.2011

The chief executive officer of Romanian lender BRD-Groupe Societe Generale (BRD.RO), Guy Poupet, will be replaced with Alexandre Maymat, regional director of the Cameroon branch of Societe Generale, more

11.29.2011

The big question in 2012 is how do we inject “financial substance” into the economy when the current fiscal policy sends out a procyclic impulse toward contraction, while bank loans are getting more

11.17.2011

BRD-Societe Generale (BRD.RO), the second-largest bank on the local market, will on December 12 buy back RON735 million worth of bonds issued five years ago at a fixed interest rate of 7.75% per year, more

11.07.2011

BRD-Societe Generale, the second-largest bank on the Romanian market, has not found enough clients to match the value of repaid amounts, so the volume of loans fell 3% in September against the similar more

11.04.2011

Romania's second-largest lender BRD Societe-Generale (BRD.RO) on Friday said its net profit fell 19% to 382 million lei (EUR90 million) in the first nine months, hit by weak demand and difficult more

10.20.2011

Romania’s lower-than-expected inflation could prompt the central bank to lower its key rate by a quarter-percentage point to 6% in November, the first cut in 17 months, BRD-Groupe Societe Generale more

10.20.2011

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Thursday revised downward its forecast on the economic growth to 2.1% in 2012, from 2.8% previously, citing declining contributions from farming more

10.14.2011

The three Romanian banks listed on the Bucharest Stock Exchange were hit hard by the euro zone sovereign debt crisis, losing over 2 billion lei (EUR460 million) of their market value in the last two more

10.07.2011

A 0.28% stake in lender BRD-Groupe Societe Generale (BRD.RO) was traded Friday on the Bucharest Stock Exchange’s deal market for 23.1 million lei (EUR5.3 million), 2.63% above the market price at more

10.05.2011

BCR is trying to persuade customers to keep their savings in lei in the bank for two years in exchange for a fixed 14% interest, instead of renewing their deposits every three months and getting more

09.21.2011

Austrian banks increased their exposure to Romania in the first quarter of this year, while French and Greek banks reduced their financing lines, according to data from the Bank of International more