12.19.2011

Moody's Investors Service placed under review for downgrade the ratings of Romanian bank BRD-Groupe Societe Generale (BRD.RO), following the recent downgrade of French parent bank's ratings. more

12.12.2011

French financial group Societe Generale will seek to implement BRD’s commercial and retail strategy on other markets as well, a strategy that brought it major earnings and helped it during the more

12.09.2011

The European Bank for Reconstruction and Development is considering extending Romania’s lender BRD two credit lines amounting to up to EUR30 million to finance energy saving projects. more

12.09.2011

The delegate general manager of Romanian lender BRD-Groupe Societe Generale (BRD.RO), Sorin Popa, will be promoted on January 2 to Paris headquarters, tasked with the commercial development of the more

12.08.2011

The chief executive officer of Romanian lender BRD-Groupe Societe Generale (BRD.RO), Guy Poupet, will be replaced with Alexandre Maymat, regional director of the Cameroon branch of Societe Generale, more

11.29.2011

The big question in 2012 is how do we inject “financial substance” into the economy when the current fiscal policy sends out a procyclic impulse toward contraction, while bank loans are getting more

11.17.2011

BRD-Societe Generale (BRD.RO), the second-largest bank on the local market, will on December 12 buy back RON735 million worth of bonds issued five years ago at a fixed interest rate of 7.75% per year, more

11.07.2011

BRD-Societe Generale, the second-largest bank on the Romanian market, has not found enough clients to match the value of repaid amounts, so the volume of loans fell 3% in September against the similar more

11.04.2011

Romania's second-largest lender BRD Societe-Generale (BRD.RO) on Friday said its net profit fell 19% to 382 million lei (EUR90 million) in the first nine months, hit by weak demand and difficult more

10.20.2011

Romania’s lower-than-expected inflation could prompt the central bank to lower its key rate by a quarter-percentage point to 6% in November, the first cut in 17 months, BRD-Groupe Societe Generale more

10.20.2011

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Thursday revised downward its forecast on the economic growth to 2.1% in 2012, from 2.8% previously, citing declining contributions from farming more

10.14.2011

The three Romanian banks listed on the Bucharest Stock Exchange were hit hard by the euro zone sovereign debt crisis, losing over 2 billion lei (EUR460 million) of their market value in the last two more

10.07.2011

A 0.28% stake in lender BRD-Groupe Societe Generale (BRD.RO) was traded Friday on the Bucharest Stock Exchange’s deal market for 23.1 million lei (EUR5.3 million), 2.63% above the market price at more

10.05.2011

BCR is trying to persuade customers to keep their savings in lei in the bank for two years in exchange for a fixed 14% interest, instead of renewing their deposits every three months and getting more

09.21.2011

Austrian banks increased their exposure to Romania in the first quarter of this year, while French and Greek banks reduced their financing lines, according to data from the Bank of International more

09.16.2011

Romania’s second-largest bank by assets BRD-Groupe Societe Generale Friday said it has appointed Sorin Popa as the new delegate executive officer, the second highest position in the bank. more

09.12.2011

Romanian lender BRD-Groupe Societe Generale (BRD.RO) has not laid off any staff and it is not planning staff cuts, Monday said Sorin Popa, executive officer within the bank, answering media reports on more

09.08.2011

Romanian banking system lags behind the ones in the Central European region, largely due to its faulty financial intermediation services, particularly in rural areas, a top executive of lender BRD more

08.31.2011

French bank Societe Generale Wednesday paid 3.6 million lei (EUR0.85 million) for a 0.04% stake in its Romanian unit BRD (BRD.RO), increasing its holding to 58.71%. more

08.30.2011

French bank Societe Generale Tuesday paid 24 million lei (EUR5.6 million) for a 0.29% stake in its Romanian unit BRD (BRD.RO), increasing its holding to 58.67%. more

08.26.2011

French bank Societe Generale Friday paid 2.2 million lei (EUR0.53 million) for almost 0.03% in its Romanian unit BRD (BRD.RO), after acquiring a 0.02% stake on Tuesday. more

08.23.2011

French bank Societe Generale Tuesday paid 2.3 million lei (EUR0.54 million) for a stake of 0.02% in its Romanian unit BRD (BRD.RO). more

08.22.2011

On the Romanian bourse, both banks and companies in defensive industries have been hurt by the new wave of stock exchange declines. more

08.18.2011

The banking system is still digesting the fallout of the crisis almost three years after it started and the largest ten banks, which control almost 80% of the overall banking assets, are seeing their more

08.17.2011

Belgian group BelRom secured a EUR9.5 million loan from BRD-Groupe Societe Generale (BRD.RO), to fund a retail park in northeastern Romanian town Botosani. more