04.30.2024

The Competition Council assessesthe transaction whereby the EOS Group, through EOS Credit Funding DAC and EOS Finance IFN S.A., intends to take over a portfolio of performing and nonperforming more

04.26.2024

The shareholders of BRD – Groupe Société Générale (BRD.RO), the fourth largest bank in Romania, by assets, have approved the distribution of a gross dividend of RON1.1725 per share from the net more

04.04.2024

BRD Groupe Societe Generale and IFC, a member of the World Bank Group, have closed a landmark synthetic significant risk transfer (SRT) transaction that will free up capital for BRD to boost the more

04.03.2024

Allianz Tiriac Pensii Private, the manager of private pension fund AZT Viitorul Tau, the second largest in Romania after NN Pensii, in February 2024 increased its holdings in Banca Transilvania (TLV) more

03.19.2024

CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 3rd place in the ranking of the largest banks in Romania by assets in 2023, overtaking BRD, which is held by more

03.15.2024

BRD Soc Gen, Romania’s third largest lending institution by assets, is convening its shareholders to approve among others the distribution of RON980.5 million from 2023 profit under the form of more

02.08.2024

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 more

02.08.2024

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%. more

02.01.2024

France’s Société Générale Group is looking into the opportunity of selling BRD, the third largest bank in Romania and hired JP Morgan to handle it, banking market sources say. more

12.20.2023

The European Investment Bank (EIB) and BRD Sogelease IFN SA have signed a EUR50 million loan agreement, extending their support to Romanian businesses and the country’s economy. more

12.18.2023

BRD has granted EUR16 million financing to corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) for the construction of a solar photovoltaic (PV) park with an installed power of 20.5 MW. more

12.15.2023

The shareholders of BRD SocGen decided during the ordinary general meeting of December 14 the distribution of 50% of the result reported for 2022 under the form of dividends. more

12.09.2023

Giovanni Luca Soma, the chairman of the Board of Directors of BRD-SocGen (BRD.RO), the third largest bank in Romania, has decided to withdraw from this position and from the Board of Directors, the more

11.22.2023

The National Bank of Romania approved the appointment of Maria Rousseva for the position of Chief Executive Officer (CEO) of BRD-Groupe Societe Generale, for a four-year term, in line with a report more

11.03.2023

BRD Soc Gen, Romania’s third largest lending institution, is convening its shareholders for December 14, 2023 to approve the distribution of RON643 million, namely 50% of the 2022 result, under the more

11.03.2023

BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2023 with a RON2.72 billion net banking income, up 11.4% from the year-earlier period, while net profit rose by more

08.03.2023

BRD-SocGen, the third largest bank locally by assets, in the first half of this year posted net profit worth RON768 million at group level, up 24.4% from the year-earlier period, while revenues rose more

08.03.2023

BRD, the second largest bank at the Bucharest Stock Exchange (RON10.2 billion) and the third largest bank by assets (RON71.5 billion in 2022), announced in a stock market report Wednesday evening that more

07.27.2023

Romanian state-owned lender CEC Bank announced that it completed the acquisition of a 99.993% ownership stake in the Rural Credit Guarantee Fund (FGCR) from BRD Groupe Societe Generale, Banca more

07.24.2023

BRD Asset Management, the investment management company of BRD Groupe Société Générale, has launched its first fund that promotes environmental and social characteristics and tracks good more

06.14.2023

Pillar II pension fund BRD Pensii, which has a 4% market share, was the most active of the seven such funds in Romania in April, buying more stock in five companies listed on the Bucharest Stock more

05.12.2023

BRD Soc Gen, the third largest player in the Romanian banking system after Banca Transilvania and BCR, for the first quarter of 2023 reported RON342 million net consolidated profit, up 30% from the more

04.10.2023

Novaservis Ferro Group, the subsidiary of Poland’s sanitary ware and heating solutions provider Ferro Group, which has a regional presence in Central and Eastern Europe and manufacturing facilities more

03.31.2023

Fitch Ratings has revised the outlooks on Banca Comerciala Romana S.A.'s (BCR) and BRD-Groupe Societe Generale S.A.'s (BRD) Long-Term Issuer Default Ratings (IDRs) to stable from negative and affirmed more

02.17.2023

Shareholders of BRD – Groupe Société Générale (BRD.RO), the third largest bank in Romania by assets, approved at their Extraordinary General Meeting the issuance of eligible additional tier 1 more