BRD, DECLARED "BEST TRADE FINANCE PROVIDER IN ROMANIA" BY AMERICAN MAGAZINE GLOBAL FINANCE

Press release

Bucharest, January 16, 2025

BRD Groupe Société Générale has received the "Best Trade Finance Provider" award from the American publication Global Finance, in the annual competition "The World's Best Trade Finance Providers 2025", which designates the best providers of trade finance services and products from approximately 100 countries and territories.

Global Finance editors selected the winners based on rigorous criteria, which include transaction volumes, diversity and scope of service, quality, price competitiveness and technological innovation. The assessment was based on ratings given by industry analysts, company CEOs and technology experts.

"This new "Best Trade Finance Provider" award validates our efforts to innovate and provide customized solutions, providing our customers with the security and support necessary to grow their businesses. We remain committed to our mission to contribute to the growth of the Romanian economy through top-notch financial solutions and specialized consulting, maintaining a safe and efficient environment for our clients' international commercial transactions", said Maricela Litcanu, Executive Director of BRD's Global Transaction Banking department.

The distinction – the ninth obtained by the bank in the last 10 years – confirms BRD's commitment to offer high-quality trade finance services, covering both the classic offer - letters of credit or letters of guarantee and collection, as well as innovative and customized solutions. 

In 2024, BRD's trade finance activity continued to be a central pillar of the support offered to companies, with a focus on innovation and solutions tailored to their needs. 

A successful example is the FINTRA financing solution, launched by BRD in 2018, which has constantly evolved to respond to both market challenges and customer requirements. FINTRA facilitates BRD's cash payment of suppliers, offering customers flexibility by being able to adjust their development strategies through extended payment terms. 

The solution has been complemented with new functionalities, such as multi-currency transactions, to provide efficient responses to customer needs in a dynamic economic environment. FINTRA has thus become a key tool for optimizing financial flows and increasing the bargaining power of customers in relation to international partners. This strategy brought, in 2024, a significant increase in the volume and value of transactions, maintaining the constant growth trend of the last 10 years. 

Specialized in banking and financial markets, Global Finance magazine was founded in 1987 in New York and has over 50,000 readers in 188 countries. The Global Finance Awards recognize the best performing financial institutions in different regions of the world and represent a standard of excellence for the global financial community.

----------------------

About BRD Groupe Société Générale 

BRD Groupe Société Générale operates a network of 388 units. The bank's total assets, at the end of September 2024, amounted to RON 84 billion.

BRD is part of Société Générale, one of the most important European banks and a major player in the economy for over 160 years. The Group has 126,000 employees in 65 countries and 25 million customers worldwide and operates on three complementary business lines, which embed ESG offerings for all its customers:

•               Retail Banking in France, Private Banking and Insurance

•               Global banking and investor solutions

•               Mobility, International Retail Banking & Financial Services

For more information, visit www.brd.ro and our accounts Facebook and LinkedIn