Remarkable and responsible lending activities of BRD Group shape the economy's core in 2024
BRD Groupe Société Générale Shows Strong Performance in 2024
BRD Groupe Société Générale, one of Romania's leading banks, reported impressive financial results in 2024. Here's a breakdown of the key performance indicators:
In 2024, BRD granted more than 2,200 loans totalling RON 3.56 billion through the IMM Plus governmental program. This marked a significant increase in loan production, with individuals' loan production reaching close to RON 12 billion, up by +54% Year-on-Year (YoY).
Net loans outstanding, including leasing financing, reached RON 49.7 billion, marking a +19.1% YoY increase. The deposit base continued to grow steadily, with retail deposits increasing by +8.7% YoY and corporate deposits registering similar growth.
The bank's net profit for 2024 was RON 1,524 million, resulting in a Return on Equity (ROE) of 16.6%. The SG Network’s loan outstandings contracted by 2% year-on-year to EUR 194 billion in Q2 2025, but mortgage loan production sharply increased by 175% compared to Q2 2024.
BRD's focus on sustainable financing was evident, with sustainable financing production reaching over RON 1.8 billion in 2024. This emphasis on green initiatives led to the bank's cumulative production over the last 3 years reaching almost EUR 1.3 billion.
The loan book of BRD remained healthy, with a low Non-Performing Loan (NPL) ratio of 2.1% and a comfortable NPL coverage of 77.8% at the end of 2024.
BRD also made strides in digital services, with its mobile application penetration reaching 1.7 million users at the end of 2024, marking a +20% YoY increase.
In terms of supporting local businesses, BRD participated in financing programs for Small and Medium Enterprises (SMEs) across sectors like agriculture, construction, and manufacturing. BRD Asset Management's assets under management increased to RON 6.2 billion, marking a +55% YoY growth and ~23.1% market share.
Net loans outstanding of small businesses also showed remarkable growth, up +25.8% YoY. BRD entered into partnerships with international financial institutions (IFC and EIF) to stimulate production and diversify its offer with blue and gender financing solutions.
Leasing activity continued its strong growth trajectory, with net outstanding of leasing financing up by +19.6% YoY. BRD Asset Management, a subsidiary of BRD, managed 12 investment funds, enabling access to a variety of asset classes and strategies to over 157k clients.
In August 2024, BRD established a new partnership with the European Investment Fund (EIF) to implement a sustainability financial instrument for SMEs and business processes in adapting to climate change.
Operating expenses increased by 6.8% YoY in 2024, primarily due to the new tax on turnover. Without the tax, costs were kept stable.
In summary, BRD Groupe Société Générale showed strong profitability with net income growth and a robust ROE around 16-17% in 2025, a slight contraction in overall loan and deposit volumes, but a significant increase in mortgage lending production. The bank maintains a solid capital base and focuses on sustainable development as part of its strategic plans.
- The impressive net income growth and a robust Return on Equity (ROE) in 2024 suggest the BRD Groupe Société Générale's strong performance in personal-finance and business investing.
- The bank's strategic focus on sustainable financing, as shown by the significant increase in green initiatives and sustainable financing production, emphasizes its commitment to the future of both personal-finance and business finance.
