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BRD Started Granting Loans With Reduced Interest In The Framework Of JEREMIE Program

13 May 2014

BRD Groupe Société Générale started granting loans in the framework of its partnership with the European Investment Fund (EIF) – Jeremie initiative.
 
In 2014, BRD Groupe Société Générale will make available for SMEs interested in the new Jeremie instrument financing (investment loans and working capital loans) for attractive interest rates and reduced guarantees.
 
The pricing of Jeremie loans (interest and commissions) is 50% lower than in the case of standard loans, and guarantees can be only as high as 60% of the loan’s amount.

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BRD Groupe Société Générale, 15 Years Of Firsts On The Romanian Market

07 May 2014

This year, BRD celebrates 15 years since the completion of the privatization process through which Societe Generale became the majority shareholder of the bank. The history of BRD Groupe Société Générale begins in 1923, when, at the initiative of the Romanian State and with the participation of the National Bank of Romania, the National Industrial Credit Society (SNCI) was founded.
 
Nationalized in 1948, SNCI is renamed “The Investment Credit Bank”.

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BRD Q1 Results: Enhanced Balance Sheet Structure And Lower Net Cost Of Risk

06 May 2014

  • Improved loans/deposits ratio: 79.5%, generated by significant growth of deposits: +6.9% vs March 2013;
  • Enhanced operational efficiency: -2.8% in operating expenses compared to Q1-13;
  • Lower net cost of risk (-29.7% vs Q1-13);
  • Comfortable capital adequacy ratio: 15.8% under Basel III;
  • Net profit of RON 37 million.
 
The Romanian banking system continued to register an overall decrease in loans’ volume (-

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BRD Starts Granting Loans In The Framework Of The Loan Guaranteeing Program For SMEs

14 Apr 2014

BRD-Groupe Société Générale sells, beginning today, loans in the framework of the Loan Guaranteeing Program for SMEs.
 
The Loan Guaranteeing Program for SMEs aims at creating a favorable framework to capitalize on Romania’s economic development potential and providing incentives for the business environment through the growth of the SMEs as well as improving their access to funds.

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BRD Issued More Than 140,000 Contactless Cards And Keeps Supporting This Technology

27 Mar 2014

Winners of the latest BRD campaign supporting MasterCard PayPass  technology will be able to see Justin Timberlake live
 
BRD-Groupe Société Générale issued more than 140.000 contactless cards on the Romanian market. The bank begun issuing contactless cards in 2010, using „MasterCard PayPass” technology. The acceptance network developed also and counts now more than 3,000 contactless-compatible terminals.

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BRD Lowers Annual Percentage Rate For Personal Loans

23 Mar 2014

BRD lowers, as of today, the Annual Percentage Rate for personal loans granted during its traditional spring promotion, which ends on May 4, 2014.
 
The standard fixed rate offered by the bank is of 10% (8.90% for clients who domicile their revenues in a BRD account), and analysis and administration fees are 0.
 
For a 15,000 RON loan granted for 5 years, Annual Percentage Rate (total cost of the loan, which incorporates nominal interest and the other costs connected to the financing) is, till the end of the promotion, of 10.45% (for c

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BRD: New Guarantees Ceiling Worth RON 320 Million For ''First Home'' Loans

24 Feb 2014

BRD Groupe Société Générale received from FNGCIMM a new guarantee ceiling worth RON 320 million, which will allow the bank to grant loans worth RON 640 million. This is the biggest guarantee ceiling granted by FNGCIMM in the present stage of the „First Home” program.
 
From the moment when it switched to local currency till now, the bank granted, in the framework of the „First Home” program loans worth RON 360 million. The major part of them were granted to customers from Bucharest (30%), the remaining 70% being granted to customers all over the country.

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BRD Personal Loans Promotion, Extended Till End Of February

12 Feb 2014

“Expresso” personal loans promotion, started by BRD last October, is extended, in the same conditions, till the end of February.

Fixed interest rate offered by the bank is 10% (8.90% for customers with BRD domicilied revenues) and the analisys commission and the monthly management fee have been cut to 0.

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BRD Personal Loans Promotion, Extended Till End Of February

12 Feb 2014

“Expresso” personal loans promotion, started by BRD last October, is extended, in the same conditions, till the end of February.
 
Fixed interest rate offered by the bank is 10% (8.90% for customers with BRD domicilied revenues) and the analisys commission and the monthly management fee have been cut to 0.
 
For a 15.000 lei loan granted for 5 years, the annual percentage rate (the total cost of the loan, which incorporates nominal interest rate and all other costs connected to the loan) is, till the end of this promotion, of 10.61% (f

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Strong financial structure, accounting results influenced by the consolidation of non-performing loans coverage

11 Feb 2014

The main financial ratios of BRD-Groupe Société Générale as at December 31, 2013 at stand alone level, according to the International Financial Reporting Standards (IFRS):
 
- Consolidation of NPLs coverage with provisions, leading to a net result of – 385 million RON
- Comfortable capital adequacy ratio: 14.3%, up 0.3 pt against 2012
- Significant growth of deposits: + 12.7%* vs December 2012
- Increased operational efficiency: - 5.6% in operating expen

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