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BRD Groupe Societe Generale

BRD's capital adequacy ratio rose 26.6% yoy to 26.2% in 3Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale's capital adequacy ratio reached 26.2% at the end of third quarter of 2020, A PHP Error was encountered S...

BRD's npls (as % of loans) remain unchanged yoy at 4.40% in 2Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale's non-performing loans reached 4.40% of total loans at the end of 2020-06-30, A PHP Error was encountered ...

BRD's employees fell 2.82% yoy to 7,202 in 2Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale employed 7,202 persons in 2020-06-30, down 0% when compared to the previous year. Historically, the ...

Profit Statement 2018 2019 2020
Net Interest Income RON mil 1,989 2,158 2,087
Net Fee Income RON mil ... ... ...
Other Income RON mil ... ... ...
Total Revenues RON mil 3,094 3,265 3,093
Staff Cost RON mil 768 826 834
Operating Profit RON mil 1,753 1,885 1,507
Provisions RON mil -82.7 93.7 353
Net Profit RON mil 1,557 1,493 963
Balance Sheet 2018 2019 2020
Interbank Loans RON mil 4,632 3,410 5,517
Customer Loans RON mil 29,603 30,293 29,643
Investments RON mil 12,942 14,201 18,447
Total Assets RON mil 55,719 57,771 63,558
Shareholders' Equity RON mil 7,657 8,184 9,772
Interbank Borrowing RON mil 639 1,048 799
Customer Deposits RON mil 45,217 45,899 49,958
Issued Debt Securities RON mil 1,307 1,696 1,742
Ratios 2018 2019 2020
ROE % 20.7 18.9 10.7
ROA % 2.81 2.63 1.59
Costs (As % Of Assets) % 2.42 2.43 2.62
Costs (As % Of Income) % 43.3 42.2 51.3
Capital Adequacy Ratio % 20.9 ... ...
Net Interest Margin % 3.59 3.80 3.44
Loans (As % Of Deposits) % 65.5 66.0 59.3
NPLs (As % Of Loans) % 4.23 ... ...
Provisions (As % Of NPLs) % 148 ... ...
Valuation 2018 2019 2020
Market Capitalisation USD mil 1,955 2,589 2,601
Number Of Shares mil 697 697 697
Share Price RON 11.4 15.8 14.9
Price/Earnings (P/E) 5.10 7.39 10.8
Price/Book Value (P/BV) 1.04 1.35 1.06
Dividend Yield % 14.4 0 0
Earnings Per Share (EPS) RON 2.23 2.14 1.38
Book Value Per Share RON 11.0 11.7 14.0
Dividend Per Share RON 1.64 0 0

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summary Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                        
Net Interest Income RON mil                           1,585 1,516 1,586 1,719 1,989    
Total Revenues RON mil                           2,697 2,579 2,750 2,754 3,094    
Operating Profit RON mil                           1,281 1,195 1,367 1,291 1,753    
Net Profit RON mil                           63.1 467 761 1,415 1,557    
balance sheet                                        
Interbank Loans RON mil                           1,263 2,315 1,998 2,550 4,632    
Customer Loans RON mil                           26,777 26,746 27,839 29,608 29,603    
Investments RON mil   ... ...   ... ...   ...           8,226 9,224 12,515 12,631 12,942    
Total Assets RON mil                           46,081 50,185 51,882 54,927 55,719    
                                           
Shareholders' Equity RON mil                           5,750 6,257 6,674 7,369 7,657    
Interbank Borrowing RON mil         ... ... ... ...           735 781 587 907 639    
Customer Deposits RON mil                           35,954 41,099 42,193 44,220 45,217    
Issued Debt Securities RON mil                           2,965 1,100 1,102 1,252 1,307    
ratios                                        
ROE % ...                         1.13 7.77 11.8 20.2 20.7    
ROA % ...                         0.134 0.969 1.49 2.65 2.81    
Costs (As % Of Assets) % ...                         3.01 2.88 2.71 2.74 2.42    
Costs (As % Of Income) %                           52.5 53.7 50.3 53.1 43.3    
Capital Adequacy Ratio % ... ... ... ... ... ...         ... ... ... ... ... ... 20.1 20.9 ... ...
Net Interest Margin % ...                         3.37 3.15 3.11 3.22 3.59    
Interest Income (As % Of Revenues) %                           58.8 58.8 57.7 62.4 64.3    
Fee Income (As % Of Revenues) %                   ... ...     ... ... ... 27.7 ... ... ...
Staff Cost (As % Of Total Cost) %                           46.3 47.3 49.7 50.5 57.3    
Equity (As % Of Assets) %                           12.5 12.5 12.9 13.4 13.7    
Loans (As % Of Deposits) %                           74.5 65.1 66.0 67.0 65.5    
Loans (As % Assets) %                           58.1 53.3 53.7 53.9 53.1    
NPLs (As % Of Loans) % ... ... ... ... ... ...               20.3 17.0 12.8 8.13 4.23 ... ...
Provisions (As % Of NPLs) % ... ... ... ... ... ...               71.2 76.3 88.8 95.0 148 ... ...
valuation                                        
Market Capitalisation USD mil                           1,645 2,027 1,922 2,315 1,955    
Number Of Shares mil ...                         697 697 697 697 697    
Share Price RON                           8.75 12.1 11.9 12.9 11.4    
Earnings Per Share (EPS) RON ...                         0.091 0.670 1.09 2.03 2.23    
Book Value Per Share RON ...                         8.25 8.98 9.58 10.6 11.0    
Dividend Per Share RON ...                         0 0.320 0.730 1.64 1.64    
Price/Earnings (P/E) ...                     ... ... 96.7 18.1 10.9 6.35 5.10    
Price/Book Value (P/BV) ...                         1.06 1.35 1.24 1.22 1.04    
Dividend Yield % ...                         0 2.64 6.14 12.7 14.4    
Earnings Per Share Growth % ... ...                       -116 640 63.1 85.9 10.0    
Book Value Per Share Growth % ... ...                       6.55 8.82 6.65 10.4 3.92    
income statement Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                        
Interest Income RON mil                           2,268 1,940 1,808 1,860 2,158    
Interest Cost RON mil                           683 424 221 141 170    
Net Interest Income RON mil                           1,585 1,516 1,586 1,719 1,989    
Net Fee Income RON mil                   ... ...     ... ... ... 763 ... ... ...
Fee Income RON mil                           765 750 773 763 797    
Fee Expense RON mil                   ... ...     ... ... ... 0 ... ... ...
Other Income RON mil                   ... ...     ... ... ... 271 ... ... ...
Total Revenues RON mil                           2,697 2,579 2,750 2,754 3,094    
Staff Cost RON mil                           656 655 688 739 768    
Depreciation RON mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 93.9 90.6 102 95.8   ...
Other Cost RON mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 636 605 621 477   ...
Operating Cost RON mil                           1,415 1,384 1,383 1,463 1,340    
Operating Profit RON mil                           1,281 1,195 1,367 1,291 1,753    
Provisions RON mil                           1,215 658 484 -360 -82.7    
Extra and Other Cost RON mil                           -14.1 -16.3 -27.8 -32.2 -21.5    
Pre-Tax Profit RON mil                           79.9 553 911 1,683 1,858    
Tax RON mil                           12.0 84.6 144 259 293    
Minorities RON mil                           4.77 1.42 5.97 8.22 7.40    
Net Profit RON mil                           63.1 467 761 1,415 1,557    
Net Profit Avail. to Common RON mil                           63.1 467 761 1,415 1,557    
Dividends RON mil ...                         0 223 509 1,143 1,143    
growth rates                                        
Net Interest Income Growth % ...                         -7.50 -4.37 4.64 8.38 15.7    
Net Fee Income Growth % ...                 ... ... ...   ... ... ... ... ... ... ...
Total Revenue Growth % ...                         -13.0 -4.36 6.63 0.139 12.4    
Operating Cost Growth % ...                         -1.60 -2.19 -0.080 5.73 -8.35    
Operating Profit Growth % ...                         -22.8 -6.76 14.4 -5.52 35.8    
Pre-Tax Profit Growth % ...                         -112 592 64.8 84.7 10.4    
Net Profit Growth % ...                         -116 640 63.1 85.9 10.0    
market share                                        
Market Share in Revenues %                       ... ... ... ... ... ... ... ... ...
Market Share in Net Profit %                   ... ... ... ... ... ... ... ... ... ... ...
Market Share in Employees % ... ...                       14.3 14.9 13.7 13.7 ... ... ...
balance sheet Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                        
Cash & Cash Equivalents RON mil                           7,190 8,820 7,140 7,682 6,022    
Interbank Loans RON mil                           1,263 2,315 1,998 2,550 4,632    
Customer Loans RON mil                           26,777 26,746 27,839 29,608 29,603    
Retail Loans RON mil ...                         16,947 17,889 18,783 20,374 21,746   ...
Mortgage Loans RON mil ... ... ... ... ... ... ... ...           8,332 9,482 10,332 11,684 12,413   ...
Consumer Loans RON mil ... ... ... ... ... ... ... ...           8,615 8,407 8,451 8,691 9,333   ...
Corporate Loans RON mil ...                         12,985 10,905 10,103 9,259 7,872   ...
Investments RON mil   ... ...   ... ...   ...           8,226 9,224 12,515 12,631 12,942    
Property and Equipment RON mil                           885 851 834 833 802    
Intangible Assets RON mil                           135 133 140 157 193    
Goodwill RON mil ... ... ... ... ... ... ... ...           50.1 50.1 50.1 50.1 50.1    
Total Assets RON mil                           46,081 50,185 51,882 54,927 55,719    
                                           
Shareholders' Equity RON mil                           5,750 6,257 6,674 7,369 7,657    
Of Which Minority Interest RON mil                           51.7 49.3 50.4 53.4 46.6    
Liabilities RON mil                           40,331 43,927 45,208 47,559 48,062    
Interbank Borrowing RON mil         ... ... ... ...           735 781 587 907 639    
Customer Deposits RON mil                           35,954 41,099 42,193 44,220 45,217    
Sight Deposits RON mil                           15,802 22,035 24,284 27,566 29,857   ...
Term Deposits RON mil                           20,153 19,063 17,909 16,654 15,360   ...
Issued Debt Securities RON mil                           2,965 1,100 1,102 1,252 1,307    
Subordinated Debt RON mil ... ... ... ... ... ... ... ... ... ...       450 ... ... ... ... ... ...
Other Liabilities RON mil         ... ... ... ...           677 948 1,326 1,180 899    
asset quality                                        
Non-Performing Loans RON mil ... ... ... ... ... ...               6,360 5,237 4,029 2,610 1,337 ... ...
Gross Loans RON mil                           31,303 30,744 31,415 32,089 31,576   ...
Risk-Weighted Assets RON mil ... ... ... ... ... ...       ... ... ... ... 26,900 27,700 27,400 28,219 28,469 ... ...
Total Provisions RON mil                           4,526 3,999 3,576 2,480 1,973   ...
growth rates                                        
Customer Loan Growth % ...                         -4.57 -0.118 4.09 6.36 -0.017    
Retail Loan Growth % ... ...                       0.206 5.56 5.00 8.47 6.73   ...
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ...         8.31 13.8 8.97 13.1 6.24   ...
Consumer Loan Growth % ... ... ... ... ... ... ... ... ...         -6.56 -2.41 0.522 2.84 7.39   ...
Corporate Loan Growth % ... ...                       -16.5 -16.0 -7.35 -8.35 -15.0   ...
Total Asset Growth % ...                         -3.98 8.91 3.38 5.87 1.44    
Shareholders' Equity Growth % ...                         6.55 8.82 6.65 10.4 3.92    
Customer Deposit Growth % ...                         -3.89 14.3 2.66 4.80 2.26    
market share                                        
Market Share in Customer Loans %                           12.7 12.3 12.6 12.7 ... ... ...
Market Share in Corporate Loans % ...                         12.3 10.4 9.94 8.89 ... ... ...
Market Share in Retail Loans % ... ... ... ... ... ... ... ...           15.0 15.0 15.5 15.6 ... ... ...
Market Share in Consumer Loans % ...                         16.6 16.6 16.6 16.7 ... ... ...
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ...           18.7 18.3 17.7 17.7 ... ... ...
Market Share in Total Assets %                           12.7 13.3 13.2 12.9 ... ... ...
Market Share in Customer Deposits %                           15.4 16.2 15.4 14.6 ... ... ...
ratios Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                         
ROE % ...                         1.13 7.77 11.8 20.2 20.7    
ROTE % ...                         1.16 7.95 12.0 20.6 21.2    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ...     ... ... ... ... ... 11.4 18.4 33.9 36.6 ... ...
ROA % ...                         0.134 0.969 1.49 2.65 2.81    
Return on Loans % ...                         0.230 1.74 2.79 4.93 5.26    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ...     ... ... ... ... ... 4.38 4.96 4.64 6.19 ... ...
Costs (As % Of Assets) % ...                         3.01 2.88 2.71 2.74 2.42    
Costs (As % Of Income) %                           52.5 53.7 50.3 53.1 43.3    
Costs (As % Of Loans) % ...                         5.16 5.17 5.07 5.09 4.53    
Costs (As % Of Loans & Deposits) % ...                         2.21 2.12 2.01 2.03 1.80    
Capital Adequacy Ratio % ... ... ... ... ... ...         ... ... ... ... ... ... 20.1 20.9 ... ...
Tier 1 Ratio %   ... ... ... ... ... ... ... ... ... ... ... ... 17.8 19.1 18.9 20.1 20.9 ... ...
Net Interest Margin % ...                         3.37 3.15 3.11 3.22 3.59    
Interest Spread % ...                         3.18 3.02 3.05 3.18 3.55    
Asset Yield % ...                         4.82 4.03 3.54 3.48 3.90    
Revenues (As % of RWA) % ... ... ... ... ... ... ...     ... ... ... ... ... 9.45 9.98 9.90 10.9 ... ...
Cost Of Liabilities % ...                         1.65 1.01 0.496 0.303 0.355    
Payout Ratio % ...                         0 47.8 66.8 80.8 73.4    
Interest Income (As % Of Revenues) %                           58.8 58.8 57.7 62.4 64.3    
Fee Income (As % Of Revenues) %                   ... ...     ... ... ... 27.7 ... ... ...
Other Income (As % Of Revenues) %                   ... ...     ... ... ... 9.85 ... ... ...
Staff Cost (As % Of Total Cost) %                           46.3 47.3 49.7 50.5 57.3    
Equity (As % Of Assets) %                           12.5 12.5 12.9 13.4 13.7    
Equity (As % Of Loans) %                           21.5 23.4 24.0 24.9 25.9    
Loans (As % Of Deposits) %                           74.5 65.1 66.0 67.0 65.5    
Loans (As % Assets) %                           58.1 53.3 53.7 53.9 53.1    
NPLs (As % Of Loans) % ... ... ... ... ... ...               20.3 17.0 12.8 8.13 4.23 ... ...
Provisions (As % Of NPLs) % ... ... ... ... ... ...               71.2 76.3 88.8 95.0 148 ... ...
Provisions (As % Of Loans) %                           16.9 15.0 12.8 8.38 6.67   ...
Cost of Provisions (As % Of Loans) % ...                         4.43 2.46 1.77 -1.25 -0.279    
other data Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                         
Branches ... ... ... ... ... ... ... ... ... ... ... ... ... 829 829 810 760 723 ... ...
Employees                           8,271 8,312 7,605 7,568 7,471   ...
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ... ... ... ... 9.98 10.0 9.39 9.96 10.3 ... ...
Cost Per Employee USD per month                           1,903 1,672 1,784 1,986 2,151   ...
Cost Per Employee (Local Currency) RON per month                           6,608 6,563 7,537 8,139 8,565   ...
Employee Turnover % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 17.6 18.2   ...
Women (As % of Workforce) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 75.5 75.0   ...
customer breakdown Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                         
Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Number of Primary Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Primary (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
                                           
Market Value per Customer (Local Currency) RON ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Revenue per Customer (Local Currency) RON ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Net Profit per Customer (Local Currency) RON ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Loan per Customer (Local Currency) RON ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Deposit per Customer (Local Currency) RON ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Revenue per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Net Profit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Loan per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Deposit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  

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BRD's net profit fell 15.6% yoy to RON 230 mil in 4Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale made a net profit of RON 230 mil under revenues of RON 608 mil in the fourth quarter of 2020, down 15.6% and 22% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of ...

BRD's net profit fell 15.6% yoy to RON 230 mil in 4Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale made a net profit of RON 230 mil in the fourth quarter of 2020, down 15.6% when compared to the same period of last year. This implies a return on equity of 9.68%. Historically, the bank’s net profit reached an all time high of RON 486...

BRD's corporate loans fell 0.283% yoy to RON 7,606 mil in 2Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale's loans reached RON 31,702 mil in the second quarter of 2020, down from when compared to the previous quarter and up from RON 31,434 mil when compared to the same period of last year. Historically, the bank’s loans reach...

BRD's net interest margin fell 14.4% yoy to 3.38% in 4Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale's net interest margin amounted to 3.38% in the fourth quarter of 2020, down from 3.41% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.36% in 3Q2019 and an all time...

BRD's price/earnings (P/E) remain unchanged yoy at in 4Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale stock traded at per share at the end first quarter of 1970 implying a market capitalization of. Since the end of 1Q1965, the stock has A PHP Error was encountered Severity: Warning Message: A non-numeric value encountered Filename: src/Environment...

BRD's equity (as % of assets) rose 8.53% yoy to 15.4% in 4Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale's Equity reached 15.4% of total assets in the 4Q2020, up from 14.2% for the previous year. As a share of net customer loans, the ratio amounted to 33.0% at the end of the fourth quarter of 2020. ...

BRD's share price (end of period) remain unchanged yoy at RON in 1Q1970

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale stock traded at per share at the end of first quarter of 1970 implying a market capitalization of. Over the last five years, the stock has A PHP Error was encountered Severity: Warning Message: A non-numeric value encountered Filename: src/Environ...

BRD's costs (as % of assets) remain unchanged yoy at % in 4Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale's cost to income ratio reached 52.3% in the second quarter of 2020, down from when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 141% of income in 4Q2016 and an all time low of 1.89%...

BRD's customer loan growth fell 192% yoy to -2.15% in 4Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale's customer loan growth reached -2.15% in 2020-12-31, down from 2.33% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 8.02% in 2017-09-30 and an all time low of -2.25% in 2018-09-30. ...

BRD's net interest income remain unchanged yoy at RON mil in 4Q2020

By Helgi Analytics - March 24, 2021

BRD Groupe Societe Generale generated total banking revenues of RON 767 mil in the first quarter of 2018, up 20% when compared to the same period of last year and 0% when compared to the previous quarter. Historically, the bank’s revenues containing of intere...

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BRD – Groupe Société Générale (BRD), is the second largest Romanian bank. French Société Générale holds a majority stake of 59.4% in the bank. BRD was rebranded after SG bought Banca Română pentru Dezvoltare (Romanian Development Bank) from the Romanian State in 1999. BRD offers a traditional set of banking products and services from the area of retail, corporate as well investment banking and insurance serving individuals, small companies as well as large companies. At the end of 2012, the Bank had nearly 2.2 mil retail and some 135,000 corporate clients and operated 915 branches. BRD was founded in 1990 as a commercial bank by taking over assets of the former Investment Bank of Romania

BRD Groupe Societe Generale Logo

Finance

BRD Groupe Societe Generale has been growing its revenues and asset by -1.68% and 2.50% a year on average in the last 10 years. Its loans and deposits have grown by -0.837% and 4.59% a year during that time and loans to deposits ratio reached 59.3% at the end of 2020. The company achieved an average return on equity of 8.75% in the last decade with net profit growing -0.451% a year on average. In terms of operating efficiency, its cost to income ratio reached 51.3% in 2020, compared to 48.7% average in the last decade.

Equity represented 15.4% of total assets or 33.0% of loans at the end of 2020. BRD Groupe Societe Generale's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2020.

Valuation

BRD Groupe Societe Generale stock traded at per share at the end of 2020 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 16.8% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 10.8x and price to book value (PBV) of 1.06x in 2020.