07.22.2013

The most powerful foreign banker to have visited Bucharest in the past few years says he is confident in the rebound of the Romanian economy. more

07.18.2013

Moody's Investors Service on Wednesday downgraded the deposit ratings of the two largest banks in Romania, Banca Comerciala Romana and BRD-Groupe Societe Generale (BRD.RO), following the lowering of more

07.09.2013

London-based Aberdeen Asset Managers Limited on Tuesday announced it holds a 4.98% stake in Romanian lender BRD- Groupe Societe Generale (BRD.RO), down from 5.43% at the end of May. more

06.25.2013

The current fiscal climate in Romania doesn’t afford much space for massive public investment and the country’s only solution would be to become friendlier towards the markets, an official of BRD more

06.05.2013

Didier Luc Marie Dominique Colin has taken over as deputy general manager of Romanian lender BRD - Groupe Societe Generale (BRD.RO) after he got the nod from the Romanian central bank Monday, BRD said more

06.04.2013

Sorin Popa resigned as member in the Executive Board of Romanian lender BRD - Groupe Societe Generale (BRD.RO) Monday, June 3, the bank said in a statement Tuesday. more

05.31.2013

Comparisons between interest rates in Romania and the euro-zone are “inappropriate” as they do not take into account the “enormous disparities” between the risks and the structure of the two more

05.24.2013

Scottish investment management group Aberdeen Asset Management, which administers assets of EUR250 billion, has become BRD’s second-largest shareholder, after French Societe Generale, by taking over more

05.23.2013

Raiffeisen Bank was the most profitable bank in Romania last year, posting 392 million lei (EUR90 million) in net profit. more

05.09.2013

The exposure to Romania of French banking group Societe Generale, which controls the country's second largest lender BRD (BRD.RO), fell by EUR600 million (5.3%) in 2012, to EUR11.7 billion. more

05.07.2013

Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Tuesday said its net profit fell 84% to 13 million lei (EUR3 million) in the first quarter, hurt by weak more

04.15.2013

Romania’s Economy Ministry has received only one offer from brokerage houses for the upcoming listing of a 12% stake in state-run energy holding CE Oltenia, market participants told Mediafax Monday. more

04.15.2013

Romanian lender BRD Groupe Societe Generale granted mortgage loans totaling over EUR900 million under the government-backed First Home program, between the summer of 2009 and the end of the first more

04.01.2013

BRD Sogelease, the leasing subsidiary of Romanian lender BRD - Groupe Societe Generale, said Monday it granted financing of EUR92 million in 2012, up 11% on the year, and signed 1,890 new contracts. more

03.15.2013

BRD Sogelease, a unit of French group Societe Generale in Romania, financed 388.8 million lei (EUR87.25 million) goods in 2012, up 17% from a year before, according to a report of BRD-Groupe Societe more

03.15.2013

Romania's second-largest lender BRD-Societe Generale (BRD.RO) expects it will return to profit in 2013, helped by lower risk costs, the bank said in its draft revenue and expenditure budget for this more

03.06.2013

Romanian Energomontaj will take a two-year of 145 million lei (EUR33 million) from a consortium of four local banks, to finance its operations and guarantee the company’s development projects, more

02.22.2013

Romanian industry equipment maker Comelf Bistrita (CMF.RO) plans to borrow EUR3.3 million from local bank BRD-Societe Generale to finance an upgrade project at its production lines, the company said more

02.13.2013

The high ratio of non-performing loans in BRD-Groupe Societe Generale’s (BRD.RO) corporate segment is a direct consequence of the financial and economic crisis and not the result of faulty lending more

02.13.2013

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) posted a preliminary net loss of 332 million lei (EUR74.5 million) in 2012, after a 61.6% surge in risk costs due to adverse more

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