12.14.2012

Adrian Martis, executive manager of a BRD unit in Bucharest, Andrei Nanu, commercial manager at another BRD unit in the capital, and Vasile Crestin were the leaders of a bank fraud group which more

12.03.2012

Romania’s lender BCR and BRD consider necessary the immediate amendment of the legislation regarding the covered bonds, which will ensure the banks the required liquidity to finance medium and more

11.14.2012

Fitch Ratings Wednesday affirmed its long-term issuer default ratings on Romanian banks Banca Comerciala Romana and BRD-Groupe Societe Generale at ‘BBB+’ and on Garanti Bank Romania at ‘BB+’, more

11.06.2012

Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Tuesday said its net profit fell 97.7% on the year to 10.38 million lei (EUR2.3 million) in the first nine more

11.05.2012

Romanian car parts maker UAMT Oradea (UAM. RO) wants to take out a loan from BRD-Groupe Societe Generale (BRD.RO) to fit its production units with modern equipment. more

11.05.2012

Romanian state-run power grid operator Transelectrica (TEL.RO) contracted a revolving loan facility from BRD-Groupe Societe Generale (BRD.RO), with a 150 million lei (EUR33.1 million) ceiling, more

10.31.2012

Romanian second largest bank BRD (BRD.RO), a unit of France’s Societe Generale, Wednesday announced that Philippe Charles Lhotte was authorized to serve as the bank’s new chief executive officer, more

10.17.2012

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Wednesday revised downward its forecast on the country’s economic growth to 1.1% in 2012, from 1.4% previously, citing prolonged uncertainties in more

08.21.2012

BCR, BRD and Banca Transilvania, the three largest banks on the Romanian market, spent more than 1.8 billion lei (EUR0.4 billion) on employee salaries last year. This means 56% to 59% of the total more

07.30.2012

Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Monday said its net profit fell 88% on the year to 39.4 million lei (EUR8.54) in the first six months of 2012, more

07.27.2012

Romania's second largest bank BRD-Groupe Societe Generale (BRD.RO) decided Friday to appoint Philippe Lhotte as the bank's chief executive officer and acting member of the Board starting September 1. more

07.23.2012

Romanian second largest bank BRD (BRD.RO), majority-owned by France’s Societe Generale, Monday announced that its chief executive officer-nominate Alexandre Paul Maymat has decided to give up the more

06.26.2012

Moody's Investors Service has taken rating actions on five subsidiaries of Societe Generale (SocGen), including Romania's second-largest lender BRD-Groupe Societe Generale (BRD.RO), following the more

06.20.2012

The failure of Romania's treasury bill auction earlier this week can partially be the result of the announcement of Hidroelectrica's insolvency, which kept some banks out or made them demand higher more

06.14.2012

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) reported revenue from factoring operations of over EUR900 million in 2011, up 53% on the year, securing a 35% share on the local more

05.01.2012

Banca Transilvania was the most profitable top three bank in the first quarter and the only one to have posted asset growth, as the economy remained difficult. more

04.30.2012

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) Monday reported a 39% drop in first-quarter net profit, as an increase in risk costs offset the improvement in operating income. more

04.26.2012

Romanian second largest bank BRD (BRD.RO), majority-owned by France’s Societe Generale, Thursday approved paying out a gross dividend of 0.1669 lei (EUR0.038) a share from the 2011 profit, down 7% more

04.04.2012

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Wednesday revised downward its forecast on the country’s economic growth to 1.9% in 2012, from 2.1% previously, saying it expects a slowdown in more

04.02.2012

The European Bank for Reconstruction and Development, or EBRD, will issue funding worth EUR30 million to Romanian lender BRD-Groupe Societe Generale (BRD.RO), for on-lending to small and medium sized more

03.22.2012

Romanian second largest bank BRD (BRD.RO), majority-owned by France’s Societe Generale, formally proposed Alexandre Paul Maymat for the position of chief executive officer, the lender said in a more

03.05.2012

BRD-SocGen, the second largest bank on the local market by assets and the best profit maker, will drop the strategy used in the past two years when it protected profitability at all costs, a decline more

02.17.2012

Romania’s central bank approved the appointment of Gheorghe Marinel as deputy chief executive officer of BRD-Groupe Societe Generale (BRD.RO). more

02.17.2012

The Romanian banking system, which consists of 41 banks, took a tentative step forward in 2011, managing to increase its assets by 3.5% and cut its aggregated loss from 516 million lei (EUR118.6 more

02.14.2012

Romanian second largest lender BRD- Groupe Societe Generale (BRD.RO) estimates will free up provisions worth some 1.5 billion lei (EUR350 million) following the adoption of the international more