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Find out more »Safekeeping, registering, monitoring and controlling the applications for subscription or redemption of fund units.
Find out more »Distribution of fund units, dividends and bond payments. Group distribution services within public offerings.
Find out more »Administration availability of customer accounts to their instructions - financial instruments operations or cash.
Find out more »Clearing services for transactions made on Bucharest Stock Exchange, Bucharest Clearing House and SIBEX.
Find out more »News and related materials of our current activity: from business press releases to cultural, educational, sport or technological projects
Find out more »is an online cultural publication that shapes the portrait of the new generation of creators
Find out more »is an editorial project dedicated to the pre-university education created by DoR and BRD
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Find out more »We invest in culture because we need leaders and projects to remind us where we come from, who we are and where we are heading to.
Find out more »We strongly believe that the main driver for a higher performance of the education system is the quality of teachers. That’s why our majors programs are focussing on developping teachers’ skills.
Find out more »We love sports because they provide us with an exciting journey with some beautiful moments, heroes who win, attract new fans or, on the contrary, struggle with difficult moments.
Find out more »Economic development is no longer possible without environmental and social progress. It is our responsibility to propose business models that encourage the positive transformation of the world.
Find out more »Community involvement is designed to build sustainable intervention mechanisms so that children and young people in difficult situations can develop their skills
Find out more »31 Jul 2014
In the first half of 2014 the gross loans in the Romanian banking system continued to decrease (-4.2% yoy), especially triggered by the negative evolution of the corporate segment, while deposits maintained their positive trend (+4.9% yoy).
BRD outstanding amount of gross loans to individuals reached RON 17.0 billion, remaining stable over the last 12 months (vs -2.6% for the market). Housing loans’ outstanding amounts increased by 9.0% yoy, significantly outperforming the market (+7.0%), thanks to our leadership position on “Prima Casa” program. The corporate lending activity remained subdued, generating a gross volume decline of 11.9% yoy (also due to material write-off operations of non-performing loans fully covered by provisions) to RON 15.4 billion.
Deposits increased by 2.9% compared with June 2013, sustained especially by individuals’ deposits’ evolution. In this context, net loans to deposits ratio stood at 79.2% as of June 2014 (vs 91.4% as of June 2013).
Net banking income was down 8.6% compared H1-13, influenced by a reduction in net interest margin, triggered by adverse volume and structure effects. The net fees and commissions remained almost stable compared to H1 2013 (-0.5%), with positive impacts generated by sales of retail packages, custody services and IPO intermediation.
The enhanced operational efficiency translated into a decrease in operational expense by 0.9% vs H1-13. The cost to income ratio for H1-14 stood at 48.9%.
Non-performing loans (“NPLs”) ratio according to IFRS decreased to 23.4% as at June 2014 vs 24.8% as at December 2013, while the NPLs ratio according to the central bank definition (Loss 2 ratio) was 20.4% as at June 2014, in line with the banking system average.
The net cost of risk decreased by 25.3% in H1-14 compared with the same period of 2013 and stood at 289 basis points (vs 369 basis points in H1-13). IFRS NPLs coverage with provisions was further improved to 71.2% as at June 2014 (vs 68.9% as at December 2013).
Net profit for the period reached RON 123 million.
With a solid capital base, the bank maintains a comfortable capital adequacy ratio of 16.4%, under Basel III regulations.
The interim report is available to public and investors on the website of the bank: www.brd.ro. Copies of the documents can also be obtained upon request, free of charge, at the head office of BRD-Groupe Société Générale, located at 1-7, Ion Mihalache Bd., 1st district, Bucharest.
Figures are at stand alone level, according to the International Financial Reporting Standards (IFRS)
BRD-Groupe Société Générale is the second bank in Romania in terms of assets and the no. 1 bank in the Romanian syndicated loans market. BRD - Groupe Société Générale has 2.2 million customers and operates a network of approximately 870 branches. With almost 2.3 million valid cards and a network acceptance over 22,100 POS, and 1,500 ATMs, BRD is no. 1 on the Romanian card market. With factoring operations of EUR 918 million in 2013, BRD is the leader of the Romanian factoring market.
BRD is part of Société Générale Group, one of the largest European financial services groups. The group has 148,000 employees in 76 countries and 32 million customers worldwide in its three key activities:
• Retail banking in France
• International retail banking, financial services and insurance
• Corporate & Investment banking, private banking, asset management and investor services
www.brd.ro; facebook;
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