Business Summary: BRD Groupe Societe Generale SA is a Romania-based bank. The Company focuses on three divisions: The Retail Bank, Specialized Services and Corporate & Investment Banking. The Company’s business activities are divided into five segments. The Individuals segment provides individual customers with a range of banking products, such as saving and deposits taking, consumer and housing loans, overdrafts, credit card facilities, funds transfer and payment facilities. The Professionals segment offers saving and deposits taking, loans and other credit facilities for professional clients. The Very Small Enterprises segment provides a range of banking products for small enterprises. The SMEs segment focuses on small and medium enterprises. The Large Corporate segment provides cash-management, investment advices, financial planning, securities business, project and structured finance transaction, syndicated loans and asset backed transactions.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, BRD Groupe Societe Generale SA interest income increased 13% to RON4.78B. Net interest income after loan loss provision decreased 1% to RON2.77B. Net income decreased 7% to RON1.52B. Net interest income after loan loss provision reflects Corporate Centre segment decrease of 26% to RON225.3M. Net income also reflects Corporate Centre segment income decrease of 25% to RON236.2M.