FINANCIAL PERFORMANCE ANCHORED IN STRONG BUSINESS DYNAMICS

BRD GROUP RESULTS FOR 9M 2025:                                                              

financial performance anchored in strong BUSINESS DYNAMICs

Press release
Bucharest, October 30th, 2025
 

Main commercial trends and financial indicators of BRD Groupe Société Générale at September 30th, 2025 at consolidated level, according to the International Financial Reporting Standards (IFRS):
- Strong commercial activity during first nine months of the year

• net loans outstanding (including leasing financing), +13.7% YoY as of September 2025 end, fueled by dynamic lending activity across segments (retail +13.2% YoY and corporate +15.0% YoY)
• loan origination for individuals kept solid, reaching RON 10.5 billion (up by +25.8% YoY in 9M 2025), nearly double vs. 9M 2023
• steady build-up of deposit base, +10% YoY as of September 2025 end
• BRD Asset Management consolidated its 1st position on UCITS market, marking a significant growth in assets under management (AUM) to RON 8.1 billion, +39% YoY and 25.2% MS as of September 2025 end
• continued shift towards e-banking solutions, as evidenced by the higher number of YouBRD users, to 1.83 million, +15% YoY as of September 2025 end and growing number of transactions, + 26% YoY in 9M 2025

- Sustainable finance transactions continue to gain traction, reaching EUR 523m in 9M 2025

- Enhanced operating efficiency, with improved C/I ratio

- Sound credit quality indicators: NPL ratio, 2.4% and NPL coverage, 71.3%, at September 2025 end

- Net cost of risk evolution further confirming the normalization trend

- Net profit of RON 1,158 million, +6% YoY, ROE ~16% in 9M 2025

“During the first nine months of the year, marked by a tense environment, BRD remained anchored in its commitment to serve both its customers and the broader Romanian economy and continued to deliver dynamic commercial and financial results.
Net loans outstanding, including leasing financing, increased by +14% YoY, building on positive performance on both retail and corporate segments. Lending on individuals showcased as primary growth engine, with an increase of 15% in net outstanding and a remarkable dynamic of loan production, reaching RON 10.5bn during 9M 2025. While lending on corporates remained rather strong, its annual dynamic tempered to +15.0% YoY, given the challenging macroeconomic context and perspectives.
BRD continues to embrace its role in supporting its customers to become more competitive, more resilient, and more innovative, contributing to a responsible development, with care for the environment, climate and society. New transactions channeled towards sustainable financing, totaled EUR 523m in 9M 2025.
Digitally, BRD benefits from a higher engagement, with increasing number of users of YouBRD mobile application (1.83m as of September 2025 end) and transactions done through the application. Moreover, new relevant functionalities are constantly added, among the latest ones launched being the multicurrency feature and the partial early repayment of loans, available now in YouBRD mobile application. These results reflect BRD continuous efforts to enhance customers’ journey and interaction with the bank.
Building on these dynamic business fundamentals, BRD delivered a solid increase of revenues during the first nine months of the year, above the growth in operating expenses, in spite of the more challenging environment including a doubling of the tax on turnover starting H2 2025, whereas credit quality indicators remained sound. At the same time, BRD’s liquidity and capital levels remain at comfortable levels, ensuring a firm foundation for sustainable performance”, said Maria Rousseva, CEO of BRD Groupe Société Générale.

Broad-based commercial strength

Net loans outstanding, including leasing financing, reached RON 53.4 billion, marking a +13.7% YoY increase compared to September 2024 end (out of which net outstanding of leasing financing advanced by +8.2% YoY), sustained by dynamic lending activity on both retail and corporate segments. Retail lending led the growth across segments, with net loans outstanding up by +13.2% YoY as of September 2025 end, supported by loans to individuals (+14.5% YoY). Loan origination for individuals during the first nine months of 2025 kept strong, reaching RON 10.5 billion, up by +25.8% YoY vs 9M 2024, with solid contribution from mortgage loans, amounting to RON 4.4bn (+49.3% YoY), followed by consumer with RON 6.1bn (+12.9% YoY) in production. While lending on corporates remained strong, supported by contributions from both large corporates and SMEs, its annual growth tempered to +15.0% YoY, compared to previous quarters, amidst tightening macroeconomic conditions. 
At the same time, BRD maintained a strong focus on sustainable financing, reinforcing its strong commitment to responsible development and enabling customers to achieve their green ambitions. New sustainable financing offered to retail and corporate customers amounted to EUR 114.2 million and EUR 409.1 million, respectively, in 9M 2025.

The deposit base increased by +10% YoY as of end of September 2025. Retail deposits, rose by +2.8% YoY, building on higher inflows from private individuals, challenged however by the monthly issuances of Romanian government bonds for individuals, offering competitive returns. Deposits from corporate customers, reached a YoY growth of +23.7%, underpinned primarily by large corporates.

At the same time, the asset management activity showed continued consolidation, marked by expansion in number of customers, net inflows, market share and positioning. BRD Asset Management provides access to over 171k clients to a variety of asset classes and strategies through the 12 investment funds managed. Assets under management reached RON 8.1 billion as of September 2025 end, up by +39% YoY. Thus, BRD Asset Management further solidified its 1st position on the UCITS market, with a market share of 25.2% as of September 2025 end.

Scaling usage through relevant setup of on-site and remote channels

BRD ensures the availability of its products and services through a combination of on-site and remote presence. As at September 30, 2025, the Bank’s network reached 356 branches (vs. 388 as of September 30, 2024) of which more than 60% are equipped with 24/7 self service areas.
The usage of digital channels is steadily growing, as reflected by the increasing number of YouBRD mobile application users to 1.83 million (+15% YoY as of September 2025 end) and higher number of transactions done through the application (+26% YoY as of September 2025 end) totaling RON 45.7 billion during 9M 2025 (+52% YoY). The close engagement on mobile application is supported by continued enhancements within a very competitive and innovation driven market. Most notably, BRD launched the multicurrency feature which allows YouBRD customers to link multiple currency accounts to a single card, streamlining payments and reducing conversion fees. Moreover, YouBRD customers can make partial early repayments of loans (consumer and housing), quickly and easily, directly in YouBRD application. 
The cashback loyalty program available in YouBRD, enjoys a higher adoption rate, with more than half of users’ application enrolled in the program (934K as of September 2025 end) and ~RON 3.6 million granted in cashback to BRD customers since launch in June 2024.

Validating financial robustness

BRD Group’s net banking income totaled RON 3,252 million, up by +9% YoY during 9M 2025, driven by growth across both interest and non-interest revenues. Net interest income, accounting for 71% of total revenues, up by +7.5% YoY in 9M 2025, performed on positive volume effect, given the growth of both retail and corporate loans, and positive assets mix with an increasing weight of loans. Interest income was partially reduced during the analysed period by the negative rate effect, primarily linked to lower rates on retail loans. 
Net fees and commissions maintained a double-digit growth rate, +12.7% YoY, supported by higher services fees given very dynamic cards, custody, transfers and lending activities, including also a one-off income item related to cards transaction fees. At the same time, the higher fees from off balance sheet commitments were partially offset by the negative impact of fees related to financial guarantee received within the SRT transaction with IFC, closed at end of March 2024.

Other banking income (+13.2% YoY) evolution reflects mainly 9M 2024 base effect (one off limited provision booked in Q1 2024) and higher net income from associates, related in principle to dividend income.

Operating expenses were kept under rigorous control, with the increase (+8.4 YoY in 9M 2025), being primarily influenced by higher non-staff costs, including tax on turnover and costs related to IT&C and external services providers. Staff costs increase, +3.1% YoY, reflect mainly adjustments to salaries and other benefits, within a highly competitive market, and ongoing transformation related costs, partially offset by headcount reduction, following network size optimization, process simplification and automatization. Non-staff costs are facing increased pressure with a doubling of the tax on gross revenues (4% starting 1st of July), bringing the total amount paid for January – September 2025 period to RON 133.3 million, +40.6% YoY, compared to RON 94.8 million in 9M 2024. The cumulated contribution to Deposit Guarantee Fund and Resolution Fund also increased, to RON 49.0 million, from RON 43.5 million in 9M 2024.  

Excluding the impact of tax on gross revenues and cumulated contributions to Guarantee and Resolution funds, operating expenses increase was limited to +6% YoY during 9M 2025, under the average inflation level over the same period.

BRD Group gross operating income reached RON 1,614million in 9M 2025 (+9.6% YoY) whereas cost to income (C/I) ratio improved to 50.4% in 9M 2025 from 50.7% in 9M 2024. Excluding the tax on gross revenues and the cumulated contributions to Deposit Guarantee Fund and Resolution Funds, the improvement of C/I ratio was significant (over 120 pts), reaching 44.8% in 9M 2025 (vs. 46.0% in 9M 2024).

The loan book quality continued to remain solid during 9M 2025, with NPL ratio (Bank level) marking a limited increase from very low levels, reaching 2.4% at September 2025, and still below the banking system average (2.8% as of August 2025), while NPL coverage remains very comfortable (71.3% as of September 2025). Net cost of risk evolution further confirms the normalization trend, with RON 195 million net provision allocation during 9M 2025 (vs RON 136 million in 9M 2024) reflecting the resilience of the corporate segment whereas indicators on individuals and small business customers were more sensitive to the macroeconomic developments.    

All of the above translated into a good level of profitability, with BRD Group net result reaching RON 1,158 million (vs. RON 1,094 million in 9M 2024), up by +5.8% YoY while ROE marked a solid ~16% in 9M 2025.

BRD standalone capital adequacy ratio is at comfortable level, 21.9% as of September 2025 end, excluding the impact of the regulatory temporary treatments (valid until 1st of January 2026).

BRD Group financial results for the period ended September 30, 2025 are available to the public and investors on the website of the bank, www.brd.ro, beginning with 9h00. 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.

Notes:

1 NPL ratio, NPL coverage ratio (acc to EBA), at Bank level

If not stated otherwise, all variations are vs. 9M 2024 (for income statement related items) or September 2024 end (for balance sheet related items).

BRD - Groupe Société Générale operates a network of 356 units. Total assets of the Bank at September 2025 end amounted to RON 94 billion.

BRD is part of the Société Générale Group, one of Europe's leading financial services groups and a major player in the economy for over 160 years. The group has around 119,000 employees in 62 countries and more than 26 million customers worldwide and is built on three complementary business lines, embedding ESG offerings for all its clients:

French Retail, Private Banking and Insurance

Global Banking and Investor Solutions

Mobility, International Retail Banking and Financial Services

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Media contact: Traian Traicu – 021 301 61 50 – traian.traicu@brd.ro