06.30.2015

BRD, Romania’s second largest bank by assets, reported factoring operations of nearly EUR960 million (RON4.3 billion) in 2014, up 5% on the year. more

06.05.2015

Romanian local financial regulator ASF authorized BRD Asset Management, the third fund manager by size with RON2.6 billion assets under management, to launch open-end investment fund BRD USD more

05.26.2015

BRD appointed board member Giovanni Luca Soma Tuesday to the position of chairman of the board, the lender announced. more

05.06.2015

BRD-Groupe Societe Generale (BRD.RO), the second largest lender in Romania, almost tripled its first-quarter net profit following a sharp decline in the net cost of risk, the company’s financial more

04.15.2015

BCR and BRD, the top two banks in Romania by asset size, have granted over 55% of the 130,000 loans approved since the launch of the First Home scheme, in 2009. more

03.30.2015

Romanian milling and bakery company GoodMills Romania (former Titan) will borrow EUR16 million from lender BRD - Groupe Societe Generale and estimates a 4.7% turnover growth and operating profit for more

03.19.2015

The Bucharest Court reduced to EUR20,000 a EUR4 million fine the Competition Council applied to lender BRD for obstructing inspection in 2008, antitrust authority president Bogdan Chiritoiu said more

03.16.2015

BRD maintained its leading position on the domestic factoring market last year, with a turnover of more than EUR960 million, up 5% on the year, and a market share of 35.7%, up nearly two points, while more

03.10.2015

BRD Sogelease, the leasing subsidiary of Romanian lender BRD - Groupe Societe Generale, said Tuesday it granted financing of EUR95 million in 2014, up 25% on the year, backed by the auto segment, more

03.06.2015

BRD-Groupe Societe Generale (BRD.RO), the second largest bank in Romania, targets this year a 4.5% increase on lending segment, a 7.2% hike on deposits segment, an increase in the net banking income more

02.17.2015

BRD Finance, the consumer loan unit of lender BRD-Groupe Societe Generale (BRD.RO), appointed Eric Dhoste as the new general manager of the company, replacing Antoine Gabizon, who took the helm of more

02.13.2015

Philippe Lhotte, BRD chairman and chief executive officer of two and a half years, expects only a slight rise in lending business this year because demand remains weak despite the drop in interests to more

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