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

04.04.2014

Romanian lenders Banca Comerciala Romana (BCR), BRD-Groupe SocieteGenerale, Raiffeisen Bank and UniCredit Tiriac Bank on Friday announced plans to set up the first banking employers’ association in more

04.03.2014

BRD is foreclosing on one of the largest hotels of Azuga, Cautis, and the starting price of the four-star unit stands at 12.8 million lei (EUR2.9 million). more

03.19.2014

Romanian state-run lender CEC Bank should consider listing its shares on the Bucharest Stock Exchange or issuing corporate bonds as a means to attract extra funds and support the local economy, an more

03.14.2014

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) expects it will return to profit in 2014 after two consecutive years of losses, helped by a “normalization” of risk costs. more

02.25.2014

Romanian lender BRD Groupe Societe Generale has received a new guarantee ceiling of RON320 million from the guarantee fund for SMEs and may grant a total RON640 million in mortgage loans under the more

02.12.2014

Romania’s second-largest bank BRD (BRD.RO) has booked more loan-loss provisions than initially estimated in the last quarter of 2013, chief executive Philippe Lhotte said Wednesday. more

02.12.2014

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) Wednesday reported a loss of 385 million lei (EUR86 million) for 2013, mainly due to a rise in provisioning costs, while the more

02.03.2014

Jan Kotik took over as the new Chief Executive Officer (CEO) of BRD Sogelease at the end of 2013, the leasing subsidiary of Romanian lender BRD - Groupe Societe Generale. more

01.21.2014

Romanian lender BRD Societe-Generale (BRD.RO) Tuesday said its internet-banking portfolio rose 50% to over 50,000 users in 2013, while the value of online transactions increased by some 40% on the more

01.20.2014

Romanian lender BRD-Groupe Societe Generale (BRD.RO) will grant loans totaling EUR20 million to small and medium-sized enterprises based on a loan agreement signed with the European Investment Fund more

01.14.2014

Romanian hydro energy construction company Hidroconstructia has taken a EUR60 million syndicated loan to finance working capital, the company said in a statement Tuesday. more

01.09.2014

Romanian lender BRD-Groupe Societe Generale (BRD.RO) will lend up to RON140 million (EUR31 million) to co-finance certain projects of Bucharest City Hall via the Regional Operational Program (ROP) more

12.10.2013

The Bucharest stock exchange lost around 2% Tuesday, with BRD (BRD.RO) and Fondul Proprietatea (FP.RO) closing down 4.4% and 3.2%, respectively. more

12.10.2013

BRD Groupe Société Générale, Romania’s second largest lender by assets, has granted a loan of EUR14 million to Carpathian Springs to finance its current operations and extend the production more

11.15.2013

BCR and BRD, Romania’s top two lenders, continued the deleveraging process in the third quarter of the year. The fact that market leaders are narrowing their exposure to the corporate sector keeps more

11.14.2013

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

11.07.2013

Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Thursday said its net profit rose almost five-fold on year to 50.5 million lei (EUR11.4 million) in the first more

10.16.2013

BRD Sogelease, the leasing subsidiary of Romanian lender BRD - Groupe Societe Generale, has appointed Cosmin Baiu to the position of commercial manager starting October 1, the company said in a more

10.02.2013

Romanian investment fund Fondul Proprietatea (FP.RO) has hired lender BRD Groupe-Societe Generale to provide custody and depository services for its assets, the fund’s manager Franklin Templeton more

09.25.2013

Sensiblu, part of pharmaceutical group A&D Pharma, has attracted a factoring facility from lenders BCR and UniCredit Tiriac Bank for the lei equivalent of EUR100 million. more

09.24.2013

The European Investment Bank has extended a EUR100 million credit line to Romanian lender BRD Groupe Societe Generale (BRD.RO) for on-lending to SMEs and mid-cap companies, the two banks said in a more

09.10.2013

BRD Finance, the local consumer lending division of BRD-Groupe Société Générale, has appointed Antoine Gabizon as general manager, to replace Bernard Histe who ended his term. more

08.01.2013

Romania’s second largest bank BRD-Groupe Societe Generale (BRD.RO) Thursday reported a first-half net profit of 62 million lei (EUR14 million), up 58% from the year-earlier period, as a 9% decrease more