08.21.2012

BCR, BRD and Banca Transilvania, the three largest banks on the Romanian market, spent more than 1.8 billion lei (EUR0.4 billion) on employee salaries last year. This means 56% to 59% of the total more

07.30.2012

Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Monday said its net profit fell 88% on the year to 39.4 million lei (EUR8.54) in the first six months of 2012, more

07.27.2012

Romania's second largest bank BRD-Groupe Societe Generale (BRD.RO) decided Friday to appoint Philippe Lhotte as the bank's chief executive officer and acting member of the Board starting September 1. more

07.23.2012

Romanian second largest bank BRD (BRD.RO), majority-owned by France’s Societe Generale, Monday announced that its chief executive officer-nominate Alexandre Paul Maymat has decided to give up the more

06.26.2012

Moody's Investors Service has taken rating actions on five subsidiaries of Societe Generale (SocGen), including Romania's second-largest lender BRD-Groupe Societe Generale (BRD.RO), following the more

06.20.2012

The failure of Romania's treasury bill auction earlier this week can partially be the result of the announcement of Hidroelectrica's insolvency, which kept some banks out or made them demand higher more

06.14.2012

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) reported revenue from factoring operations of over EUR900 million in 2011, up 53% on the year, securing a 35% share on the local more

05.01.2012

Banca Transilvania was the most profitable top three bank in the first quarter and the only one to have posted asset growth, as the economy remained difficult. more

04.30.2012

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) Monday reported a 39% drop in first-quarter net profit, as an increase in risk costs offset the improvement in operating income. more

04.26.2012

Romanian second largest bank BRD (BRD.RO), majority-owned by France’s Societe Generale, Thursday approved paying out a gross dividend of 0.1669 lei (EUR0.038) a share from the 2011 profit, down 7% more

04.04.2012

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Wednesday revised downward its forecast on the country’s economic growth to 1.9% in 2012, from 2.1% previously, saying it expects a slowdown in more

04.02.2012

The European Bank for Reconstruction and Development, or EBRD, will issue funding worth EUR30 million to Romanian lender BRD-Groupe Societe Generale (BRD.RO), for on-lending to small and medium sized more

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