02.12.2015

BRD-Groupe Societe Generale (BRD.RO), the second largest bank in Romania, returned to profit in 2014, after a record loss in the previous year, mainly due to a significant drop in risk costs, more

11.06.2014

Fitch Ratings on Thursday affirmed BRD-Groupe Societe Generale and Banca Comerciala Romana long-term issuer default ratings at 'BBB+' and Garanti Bank long-term issuer default rating at 'BB+', the more

11.06.2014

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) reported a decrease of its profit for the first nine months, as the lender booked additional provisions in the third quarter. more

10.29.2014

Giovanni Luca Soma, European director of International Retail Banking at Societe Generale Group, took over the position of member in the Executive Board of Romanian lender BRD-Groupe Societe Generale more

08.01.2014

Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Friday said its net profit doubled on the year to 123 million lei (EUR27.83 million) in the first half, helped more

07.11.2014

Société Generale European Business Services (SG EBS), the outsourcing center the French group opened in Romania to service its European division, posted a growth of more than 50% in turnover and more

06.09.2014

The ten large banks in Romania, with more than 3% market share, did not help revive lending in the first quarter of 2014 either, as the only one of the pack to have seen a significant increase in loan more

05.26.2014

BRD has coped with the crisis fallout in the past two years, but this does not mean it’s become a weak entity, says Bernardo Sanchez Incera, deputy chief executive officer of Societe Generale, the more

05.22.2014

Investment fund Frontiers Investment Trust, managed by US giant BlackRock, the world’s biggest money manager, has come to invest EUR6.7 million in the shares of BRD, Romania’s second largest bank more

05.07.2014

Romania’s 2019 target date for the euro adoption is realistic, but the authorities must focus on measures that would take country on the path to the real convergence to the euro area, a senior more

05.07.2014

Romanian lender BRD-Societe Generale (BRD.RO) Wednesday reported a first-quarter net profit of 37.48 million lei (EUR8.4 million), almost tripled from RON13.3 million in the year-earlier period, due more

04.17.2014

Romanian lender BRD-Groupe Societe Generale (BRD.RO) on Thursday appointed Giovanni Luca Soma and Aurelian Dochia in the bank’s Board, pending authorization from the central bank. more

04.17.2014

Romania’s second-largest bank BRD-Societe Generale (BRD) on Thursday said its factoring operations fell to EUR918 million in 2013 from over EUR1 billion a year earlier, amid declining activity on more

04.04.2014

Romanian lenders Banca Comerciala Romana (BCR), BRD-Groupe SocieteGenerale, Raiffeisen Bank and UniCredit Tiriac Bank on Friday announced plans to set up the first banking employers’ association in more

04.03.2014

BRD is foreclosing on one of the largest hotels of Azuga, Cautis, and the starting price of the four-star unit stands at 12.8 million lei (EUR2.9 million). more

03.19.2014

Romanian state-run lender CEC Bank should consider listing its shares on the Bucharest Stock Exchange or issuing corporate bonds as a means to attract extra funds and support the local economy, an more

03.14.2014

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) expects it will return to profit in 2014 after two consecutive years of losses, helped by a “normalization” of risk costs. more

02.25.2014

Romanian lender BRD Groupe Societe Generale has received a new guarantee ceiling of RON320 million from the guarantee fund for SMEs and may grant a total RON640 million in mortgage loans under the more

02.12.2014

Romania’s second-largest bank BRD (BRD.RO) has booked more loan-loss provisions than initially estimated in the last quarter of 2013, chief executive Philippe Lhotte said Wednesday. more

02.12.2014

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) Wednesday reported a loss of 385 million lei (EUR86 million) for 2013, mainly due to a rise in provisioning costs, while the more

02.03.2014

Jan Kotik took over as the new Chief Executive Officer (CEO) of BRD Sogelease at the end of 2013, the leasing subsidiary of Romanian lender BRD - Groupe Societe Generale. more

01.21.2014

Romanian lender BRD Societe-Generale (BRD.RO) Tuesday said its internet-banking portfolio rose 50% to over 50,000 users in 2013, while the value of online transactions increased by some 40% on the more

01.20.2014

Romanian lender BRD-Groupe Societe Generale (BRD.RO) will grant loans totaling EUR20 million to small and medium-sized enterprises based on a loan agreement signed with the European Investment Fund more

01.14.2014

Romanian hydro energy construction company Hidroconstructia has taken a EUR60 million syndicated loan to finance working capital, the company said in a statement Tuesday. more

01.09.2014

Romanian lender BRD-Groupe Societe Generale (BRD.RO) will lend up to RON140 million (EUR31 million) to co-finance certain projects of Bucharest City Hall via the Regional Operational Program (ROP) more