BRD - Groupe Société Générale (BRD) Q3 2025 earnings summary

Executive summary

• Net profit for the first nine months of 2025 reached RON 1,158m, up 6% year-over-year, with return on equity at 16%.

• Loans outstanding increased by 14% year-over-year, with growth across retail and corporate segments and strong origination.

• Deposits grew by 10% year-over-year, maintaining a high liquidity buffer and supporting lending growth.

• Digital engagement rose, with mobile app users up 15% year-over-year and 1.83 million digital users.

• Total assets increased to RON 93,951 million from RON 88,480 million at year-end 2024.

Financial highlights

• Net banking income for 9M 2025 was RON 3,252m, up 9% year-over-year, driven by a 7.5% increase in net interest income.

• Retail loan production exceeded €10 billion in nine months, up 26% from the same period last year.

• Operating expenses rose 8.4% to RON 1,638m, with cost-to-income ratio improving to 50.4%.

• Net cost of risk rose to RON -195m in 9M 2025, reflecting normalization.

• Loans and advances to customers (net) increased to RON 51,322.7 million from RON 47,705.2 million at year-end 2024.

Outlook and guidance

• Asset quality ratios are expected to remain sound, with NPL ratio projected to stay below 2.5% by year-end.

• Cost of risk guidance for the year remains low, with Q3 cost of risk at 39 basis points and expected to stay around 40 basis points.

• Management confirmed the going concern basis, with no material uncertainties identified for the foreseeable future.

• Continued focus on lending expansion, digital transformation, and sustainable finance.