BRD - Groupe Société Générale (BRD) Q3 2026 earnings summary

Executive summary

• 9M 2026 net profit was RON 1,176m, up 1.5% reported and 7% excluding turnover tax; revenue growth and broadly flat costs supported higher gross operating income.

• Net loans including leasing grew 12.4% YoY; asset quality, capital and liquidity remained solid amid weak domestic activity and margin pressure.

Financial highlights

• Net banking income rose 2.7% to RON 3,341m; gross operating income increased 5.5% to RON 1,702m.

• Net interest income increased 2.8% to RON 2,378m; Q3 net interest income grew 5.4% and net interest margin improved to 3.26%.

• Operating expenses were RON 1,639m, broadly flat; adjusted costs excluding turnover tax and prior-year FGDB/RF contributions declined 1.8%.

• Turnover tax rose to RON 209m from RON 133m; net impairment losses increased to RON 254m from RON 195m.

• Net profit was RON 1,176m, up 1.5%; Q3 net profit was RON 392m, down 0.4% YoY.

Segment performance

• Net loans including leasing grew 12.4% YoY to RON 60.1bn; large-corporate loans rose 24% to RON 16.3bn and SME loans grew 9.6% to RON 8.4bn.

• Housing loans rose 13.3% to RON 19.4bn and consumer loans increased 5.3% to RON 12.4bn; individual loan production grew 3.4% to RON 10.9bn.

• Deposits increased 2.0% to RON 73.5bn; retail deposits grew 7.8% to RON 47.0bn, while corporate deposits declined 6.8% to RON 26.5bn.

• BRD Sogelease portfolio grew 1.8% to RON 2.2bn, with new production of RON 820.4m.

• Asset management AuM reached RON 11bn, up 36% YoY, with 23.5% UCITS market share at September-end.