BRD - Groupe Société Générale (BRD) investor relations material

Executive summary

• Achieved resilient commercial dynamics in H1 2026, with double-digit loan growth and robust profitability despite macroeconomic headwinds.

• Net profit reached RON 784m in H1 2026, up 2.5% year-over-year, with ROE at 17% excluding turnover tax.

• Net profit for the six months ended 30 June 2026 was RON 743.4 million, up from RON 735.0 million in the same period last year, reflecting stable profitability despite a challenging environment.

• Total assets increased to RON 96.3 billion as of 30 June 2026, compared to RON 95.4 billion at year-end 2025, driven by growth in loans and advances to customers.

• Maintained strong asset quality and capital adequacy, supporting sustainable growth and digital transformation.

Financial highlights

• Net banking income rose 1.8% YoY to RON 2,206m in H1 2026; Q2 2026 up 5.2% YoY.

• Net interest income for H1 2026 was RON 1,495.8 million, up from RON 1,475.1 million year-over-year.

• Operating expenses decreased by 0.5% YoY in H1 2026, with strict cost discipline.

• Gross operating income increased 4.2% YoY to RON 1,112m in H1 2026.

• Net impairment loss on financial instruments was RON 147.3 million, up from RON 134.4 million year-over-year.

Outlook and guidance

• Expectation of modest GDP growth by year-end amid fiscal tightening and high inflation.

• Full-year guidance for cost of risk remains at 52 bps, with stable asset quality anticipated.

• Management assessed the bank’s ability to continue as a going concern and found no material uncertainties.

• The bank is preparing for the adoption of IFRS 18 and IFRS 20 in future periods, with no material impact expected from recent amendments to IFRS 9 and IFRS 7.

• Continued focus on digitalization, sustainable financing, and cost optimization to drive future growth.