BRD - GROUPE SOCIETE GENERALE S.A.

BRD - GROUPE SOCIETE GENERALE S.A.

About BRD - GROUPE SOCIETE GENERALE S.A.

BRD Groupe Societe Generale is the second largest bank in Romania and the fourth market capitalization on the Bucharest Stock Exchange. A successor of the National Company for Industrial Credit, created in 1923, it fulfilled the function of investment bank for the Romanian State before being granted, in 1990, a universal banking license. In 1999, Société Générale became the majority shareholder of the bank.

 

BRD operates a network of 870 branches and has 2.2 million customers on three business lines: retail and SMEs, big corporations and investment banking.

 

Its range of products and services covers, beyond classic financing, also cash management, internal and external factoring, financial and operational leasing through BRD Sogelease and ALD Automotive.

 

BRD created a financial group offering expertise in investment banking, mergers and acquisitions or structured finance, asset management (BRD Asset Management), consumer loans (BRD Finance).

 

BRD is also present on the market of private pensions and life insurance through its subsidiaries BRD Pensii and BRD Asigurari de Viata. 

 

BRD is the Romanian market leader in syndicated loans, factoring and banking cards.

 

With approximately 7,500 employees, the bank is the biggest employer in the Romanian banking system.

President: GIOVANNI LUCA SOMA

Shareholder structure

Shareholder Shares Percent
SOCIETE GENERALE loc. PARIS FRA 419,313,688 60.17%
alti actionari / others 277,587,830 39.83%
Total 696,901,518 100%

Info provided by: DEPOZITARUL CENTRAL Date: 06/14/2017

Market statistics

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Volume

Dividends

Year Dividend Reference date for GMS GMS date (dividend) Record Date Ex-dividend Date Announcement Date Payment date
2017 1.640000 N/A 04/19/2018 05/09/2018 05/08/2018 02/08/2018 05/31/2018
2016 0.730000 04/11/2017 04/20/2017 05/09/2017 05/08/2017 02/09/2017 05/30/2017
2015 0.320000 04/04/2016 04/14/2016 05/03/2016 04/29/2016 03/11/2016 05/24/2016
2011 0.166900 04/17/2012 04/26/2012 05/14/2012 05/10/2012 03/22/2012 06/22/2012
2010 0.179600 04/05/2011 04/14/2011 05/03/2011 04/29/2011 03/10/2011 06/10/2011

BRD Group, net profit up 7.1 percent, in first nine months

Bucharest, Nov 8 /Agerpres/ - The BRD Group recorded a net profit of 1.142 billion lei after the first nine months of 2018, higher by 7.1 percent as opposed to the same period of last year, while the bank reported a net result of 1.137 billion lei, higher by 8.9 percent, according to the Interim Financial report sent on Thursday to the Bucharest St ...

Q3 2018 financial results

PRESS RELEASE Bucharest, November 8, 2018 BRD GROUP RESULTS FOR 9M 2018: STRONG OPERATING PERFORMANCE AND EARNINGS GROWTH The main financial ratios of BRD Groupe Societe Generale as at September 30, 2018 at consolidated level, according to the International Financial Reporting Standards (IFRS):   4  Net ...

Live audio webcast presentation of the financial results for Q3 2018

  The current report under Regulation FSA no. 5/2018 Date of Report: October 30, 2018 BRD-Groupe Societe Generale S.A. Headquarter: Bld Ion Mihalache, nr 1-7, district 1, Bucharest Tel/Fax: 021.301.61.00 /021. 301.66.36 Unique Registration Code with the Trade Register: 361579 Order Number in the Trade Register: J40/608/1 ...

Nomination interim independent director

  The current report under Regulation FSA no. 5/2018 Date of Report: September 20, 2018 BRD-Groupe Societe Generale S.A. Headquarter: Bld Ion Mihalache, nr 1-7, sector 1, Bucuresti Tel/Fax: 021.301.61.00 /021. 301.66.36 Unique Registration Code with the Trade Register: 361579 Order Number in the Trade Register: J40/608/1 ...

2018 Half-year financial results

PRESS RELEASE Bucharest, August 2, 2018 BRD GROUP RESULTS FOR H1 - 2018: DYNAMIC COMMERCIAL ACTIVITY DRIVING SOLID REVENUE GROWTH The main financial ratios of BRD Groupe Societe Generale as at June 30, 2018 at consolidated level, according to the International Financial Reporting Standards (IFRS):   4  ...

Live audio webcast presentation of the financial results for H1 2018

The current report under Regulation FSA no. 5/2018 Date of Report: July 24, 2018 BRD-Groupe Societe Generale S.A. Headquarter: Bld Ion Mihalache, nr 1-7, district 1, Bucharest Tel/Fax: 021.301.61.00 /021. 301.66.36 Unique Registration Code with the Trade Register: 361579 Order Number in the Trade Register: J40/608/1991 C ...

Tennis: Romanian pair Irina Begu/Andreea Mitu wins BRD Bucharest Open trophy

Bucharest, July 22 /Agerpres/ - Romanian pair made of Irina Begu and Andreea Mitu on Sunday won the trophy of the doubles event of the BRD Bucharest Open tennis tournament, after defeating in the final match the pair Danka Kovinic (Montenegro)/Maryna Zanevska (Belgium), 6-3, 6-4. This was Irina Begu's second doubles final in Bucharest, after winn ...

Tennis: Irina Begu/Andreea Mitu pairing qualifies for BRD Bucharest Open doubles final

Bucharest, July 21 /Agerpres/ - Irina Begu/Andreea Mitu pairing won the semifinal match against Jaqueline Cristian and Elena-Gabriela Ruse, 6-4, 3-6, 10-6, and qualified for the women's doubles semifinal of BRD Bucharest Open tennis tournament. In the final, Begu and Mitu will face the winning pairing of the semifinal between Mihaela Buzarnescu/R ...

Tennis: Mihaela Buzarnescu, through to BRD Bucharest Open semis

Bucharest, July 21 /Agerpres/ - Romanian tennis player Mihaela Buzarnescu on Friday qualified for the BRD Bucharest open semifinals, after defeating in the quarterfinals Chinese Yafan Wang, WTA's 84th, with the score of 7-6 (4), 6-3. Second seeded Buzarnescu secured a 11,300-USD cheque and 110 WTA points for her victory. In the semifinals, she ...

Buzarnescu-Olaru duo advance to BRD Bucharest Open 2018 women's doubles semis

Bucharest, July 19 /Agerpres/ - Romanian duo Mihaela Buzarnescu and Raluca Olaru, 1st seeds of the women's doubles event of the BRD Bucharest Open 2018, qualified on Thursday for the competition semis after defeating Spain-Sweden duo Georgina Garcia/Cornelia Lister, with a score of 6-2, 6-4. The Romanian duo didn't encounter any problem, succeedi ...

Q3 2018 financial results

PRESS RELEASE Bucharest, November 8, 2018 BRD GROUP RESULTS FOR 9M 2018: STRONG OPERATING PERFORMANCE AND EARNINGS GROWTH The main financial ratios of BRD Groupe Societe Generale as at ...

2018 Half-year financial results

PRESS RELEASE Bucharest, August 2, 2018 BRD GROUP RESULTS FOR H1 - 2018: DYNAMIC COMMERCIAL ACTIVITY DRIVING SOLID REVENUE GROWTH The main financial ratios of BRD Groupe Societe Genera ...

2018 Q1 financial results

PRESS RELEASE Bucharest, May 4, 2018 BRD GROUP RESULTS FOR Q1 - 2018: NET PROFIT OF RON 414 MILLION The main financial ratios of BRD - Groupe Societe Generale as at March 31, 2018 at ...

Annual report 2017

 PRESS RELEASE Bucharest, April 19, 2018   Decisions of the General Shareholders Assembly of BRD - Groupe Societe Generale BRD’s General Shareholders Assembly gathered on April 19, 2 ...

2017 Preliminary financial results

 PRESS RELEASE Bucharest, February 8, 2018 BRD GROUP RESULTS FOR 2017: NET PROFIT OF RON 1.4 BILLION The main financial ratios of BRD Groupe Societe Generale as at December 31, 2017 at ...

2017 Q3 financial results

PRESS RELEASE Bucharest, November 3, 2017 BRD GROUP RESULTS FOR 9M-2017: STRONG PROFITABILITY GROWTH FULLY CONFIRMED The main financial ratios of BRD-Groupe Societe Generale as at Sep ...

2017 H1 financial results

PRESS RELEASE Bucharest, August 2, 2017 BRD GROUP RESULTS FOR H1-2017: STRONG COMMERCIAL ACTIVITY AND NON RECURRING POSITIVE COST OF RISK ITEMS LEAD TO SUBSTANTIALLY HIGHER NET INCOME, UP ...

2017 Q1 financial results

  PRESS RELEASE Bucharest, May 4, 2017   BRD GROUP RESULTS FOR Q1 - 2017: NET PROFIT OF RON 330 MILLION   The main financial ratios of BRD-Groupe Societe Generale are as ...

Annual report 2016

PRESS RELEASE Bucharest, April 20, 2017   Decisions of the General Shareholders Assembly of BRD - Groupe Societe Generale BRD’s General Shareholders Assembly gathered on April 20, 20 ...

Preliminary financial results December 31,2016

PRESS RELEASE Bucharest, February 9, 2017 BRD GROUP RESULTS FOR 2016: SIGNIFICANT RISE IN NET PROFIT, UP ...

Annual financial information

2016 2015 2017
Operating income 2,385,532,000 2,385,532,000 2,634,172,000
Net interest income 1,422,253,000 1,422,253,000 1,481,496,000
Net fee and commission income 718,232,000 718,232,000 737,021,000
Interest income 1,828,226,000 1,828,226,000 1,689,231,000
Loans and advances to customers 26,376,425,000 26,376,425,000 27,384,110,000
Debt securities issued 348,037,000 348,037,000 138,451,000
Property and equipment 858,965,000 858,965,000 825,393,000
Deposits from banks 781,180,000 781,180,000 531,601,000
Deposits from customers 41,191,873,000 41,191,873,000 42,290,738,000
Share capital 2,515,622,000 2,515,622,000 2,515,622,000
Financial assets available for sale 9,190,919,000 9,190,919,000 11,585,000,000
Total assets 49,192,866,000 49,192,866,000 50,657,583,000
Profit for the year 728,281,000 445,422,000 728,281,000
Profit before tax 532,916,000 532,916,000 863,319,000
Total liabilities 43,211,677,000 43,211,677,000 44,290,400,000
Interest expense 405,973,000 405,973,000 207,735,000
Operating expenses 1,221,467,000 1,221,467,000 1,309,677,000
Cash and cash equivalents 8,819,899,000 8,819,899,000 7,139,966,000
Total equity 5,981,189,000 5,981,189,000 6,367,183,000

Financial indicators

Year Financial statements Key financials Ministry of Finance format (excerpt)*
2016 Q3 2016 Download -
2016 Q1 2016 Download -
2016 H1 2016 Download -
2016 Financial preliminary results 2016 Download -
2015 Q1 2015 Download -
2015 H1 2015 Download -
2015 Q3 2015 Download -
2015 Financial preliminary results 2015 Download -
2014 Q3 2014 Download -
2014 Financial preliminary results 2014 Download -
2014 Q1 2014 Download -
2014 H1 2014 Download -
2013 Q3 2013 Download -
2013 Q1 2013 Download -
2013 H1 2013 Download -
2013 Financial preliminary results 2013 Download -
2012 Q1 2012 Download -
2012 H1 2012 Download -
2012 Financial Preliminary Results 2012 Download -
2012 Q3 2012 Download -

ANALYST ESTIMATES

ANALYST REPORT March 07, 2018

4Q17 Earnings review

BRD - BRD - GROUPE SOCIETE GENERALE S.A.

March 07, 2018 - The Bank`s bottom line displays for 4Q17 a gain after minorities of RON 348.5mn, 122.8% higher YoY and 11.1% higher QoQ, after posting for the fourth consecutive quarter a positive net cost of risk worth RON 88.5mn as opposed to our expectations of a negative value of RON 61.4mn.

ANALYST REPORT November 21, 2017

3Q17 Earnings Review

BRD - BRD - GROUPE SOCIETE GENERALE S.A.

November 21, 2017 - The Bank`s bottom line shows a gain after minorities of RON 313.7mn, advancing 40.6% YoY, but faltering 24.7% QoQ, after having posted for the third quarter in a row a net reversal of provision costs.

ANALYST REPORT November 02, 2017

3Q17 Earnings Preview

BRD - BRD - GROUPE SOCIETE GENERALE S.A.

November 02, 2017 - The bank is expected to publish 3Q17 results on Friday, 03 Nov. A presentation of the results will be held through a live audio webcast on Monday, 06 Nov, starting at 10:00 EET (08:00 GMT), registration required.

ANALYST REPORT May 22, 2017

Analysis report - financial reports for Q1 2017

BRD - BRD - GROUPE SOCIETE GENERALE S.A.

May 22, 2017 - 2017 started well for most of the companies listed on BSE, and in some cases we've seen major profit increases.

ANALYST REPORT November 16, 2016

BRD-GSG. Strong nine months warrant an upgrade

BRD - BRD - GROUPE SOCIETE GENERALE S.A.

November 16, 2016 - BRD-GSG reported a strong set of 9M16 results last week, confirming both our positive view on the bank, and also that our expectations of a decline in the cost of risk (COR) might materialise sooner than we anticipated. As a result, we have adjusted our COR estimates downwards, to 1.5% in 2016E (vs. 1.8% previously) and 1.3% in 2017E (from 1.6% previously), while the changes for 2018E have only been minor. Incorporating the gain on the VISA transaction for 2016E, our net profit estimates have increased by 33.4% to RON 780m for 2016E and by 17.6% to RON 719m for 2017E. As a consequence of the above changes, and adjusting for the time value, our price target (PT) increases by 17.4% to RON 13.62/share, implying 23.8% upside. We maintain our BUY rating.

ANALYST REPORT November 07, 2016

BRD: strong 3Q16 results confirm positive trend

BRD - BRD - GROUPE SOCIETE GENERALE S.A.

November 07, 2016 - BRD has reported a strong set of 3Q16 results, outperforming both our and the market’s expectations on almost all lines. Total operating income was 7.4% above our expectations and provisions 30% lower than we expected. The 9M16 net profit stands at RON 601.1m, already close to the RON 645m FY16E Bloomberg consensus estimates. We thus see additional upside risk for our FY16E results and for the market consensus. The bank trades at a P/B of 1.16x on a 9M annualised ROE of 12%. We believe that the results confirm our positive view on the development of the sector and on the bank, and BRD remains one of the best plays on the Romanian macro story, in our view. Being a systemic bank, BRD is able to capture both the growth in the country’s internal demand via growth in retail loans, as well as the eventual growth of corporate and enterprise lending once it starts picking up pace.

ANALYST REPORT November 03, 2016

BRD Q3: Still good, still good…

BRD - BRD - GROUPE SOCIETE GENERALE S.A.

November 03, 2016 - BRD 9m net profit came to RON 606 million (before minorities), implying a net profit of RON 225 million for the quarter. The development in earnings was a result of low risk cost and admin expenses. Net interest income was slightly down q-o-q (-0.8%) and up y-o-y by 2.5%. NIM was down by 12 bps in a competitive environment. Net F&C improved both q-o-q and y-o-y (5.5% and 8.2%, respectively) thanks to card and internet-based transaction fees. OPEX in the quarter was up q-o-q by 8.5% but came basically in line, and overall cost in the first 9m was under control. Risk cost dropped to RON 79 million or 1.0% of gross loans vs. 167 bps a quarter ago, though the Bank pre-provisioned itself to the tune of RON 90 million for the mortgage walkaway law. Adjusting for that, cost of risk increased q-o-q, though is still at a low level.

ANALYST REPORT August 05, 2016

Plus,plus,plus

BRD - BRD - GROUPE SOCIETE GENERALE S.A.

August 05, 2016 - Valuation: We update our view on BRD RO with a NEUTRAL recommendation and a target price of RON 11.14 per share revealing an upside potential of 14% against last close. We raised our FY’16 net profit estimate from RON 241m previously to RON 670m to count in for the postponement of AQR with extra provisioning of RON 225m (EUR50m) moved forward in 2017, for the Visa deal gain of RON 103m and for foreclosure impact below initial expectations.

ANALYST REPORT May 31, 2016

Romanian Banks. Banking on the macro story

BRD - BRD - GROUPE SOCIETE GENERALE S.A.

May 31, 2016 - We remain positive on the outlook for the banking sector in Romania and believe that it still offers one of the best growth/risk profiles in the region. While we acknowledge the negative impact that pre-election political decisions might have on the banking system, we believe these are exaggerated, and that they are already incorporated in the stock prices. In our view, the fundamentals for the potential growth of the system are still in place: strong macroeconomic conditions that should eventually lead to loan growth, and a recovery in net interest margins (NIM) as interest rates have stabilised and the banks are improving their asset allocation profiles. Cost of risk (COR) should also remain on a downward path, although we believe the pace of decline is likely to slow, especially given the potential additional provisions related to the mortgage walkaway law.

ANALYST ESTIMATES

Investor Information

BRD Groupe Societe Generale is the second largest bank in Romania and the fourth market capitalization on the Bucharest Stock Exchange. A successor of the National Company for Industrial Credit, created in 1923, it fulfilled the function of investment bank for the Romanian State before being granted, in 1990, a universal banking license. In 1999, Société Générale became the majority shareholder of the bank.

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