BRD - Groupe Societe Generale posted a net profit of 417 million RON in the first half of 2006, recording a growth of 32% as compared to the same period last year. The positive financial results are mainly due to an increase in loans, especially on the private customers segment.
Loans extended by BRD totalled 20.8 billion RON in the first half of 2007, recording a 51% increase from the same period last year. Loans to private customers advanced by 48%, while loans granted to corporate customers increased by 54%.
Deposits rose by 32% from H1 2006, amounting to over 21.3 billion RON. The gross operating income (without the impact of net risk cost) totalled 592 million RON, up by 59% from the corresponding period of 2006. The operating ratio (general expenses/ net banking income) reached 45.2%. The return on equity was of 38.1% at the end of the first semester of the year.
At the end of June 2007, BRD - Groupe Societe Generale had approximately 2.2 million customers. The bank has the second market capitalisation on the Bucharest Stock Exchange (around 6 billion EUR).