BRD Groupe Société Générale announced its financial results for the year 2024. The company reported a net profit of 1.52 billion RON, an 8 percent decline compared with 2023.
BRD Group full year net banking income increased by 5.2 percent YoY compared to 2023, amounting to over 4 billion RON.
“2024 was again a strong year for BRD that continued to deliver high commercial performance across all its business segments, achieving solid growth in net loans outstanding, + 19 percent compared to 2023. The corporate segment led the way with a +29 percent YoY increase, while commercial momentum on retail further intensified up to +13 percent YoY.
Loan origination for individuals remained very dynamic, reaching record levels, totaling almost RON 12 billion, up by 54 percent, driven by volume growth on both consumer and housing loans. BRD remains highly committed in building a sustainable economy and continues to finance projects and engage in initiatives with positive impact.
For 2024, BRD new sustainable financing reached over RON 1.8 billion, leading the cumulative production over the last 3 years to almost EUR 1.3 billion, well above the target initially set for end of 2025.
We remain engaged to further develop our digital capabilities, to improve our services and enhance our clients’ experience.”, said Maria Rousseva, CEO of BRD Groupe Société Générale.
Net loans outstanding, including leasing financing, reached RON 49.7 billion, marking a +19.1 percent YoY increase compared to December 2023 end. Lending to corporates remained the key growth driver, with an yearly advance of +29 percent YoY, while the momentum on retail segment is further nurtured with +13 percent YoY increase at December 2024 end.
Individuals’ loan production advanced to new record levels , reaching close to RON 12 billion in 2024, up by +54 percent YoY vs 2023. Consumer loans production totalled RON 7.3 billion, up +49 percent YoY, while the financing for customers housing acquisition projects increased by +63 percent YoY, to RON 4.4 billion. At end of December 2024, individuals’ loans outstanding increased by +12.0 percent YoY. Additionally, net loans outstanding of small businesses also showed growth, +25.8 percent YoY.