The decision was approved in accordance with EU Regulation no 575/2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012.
The loans shall be perpetual (including call options for the issuer), denominated in EURO or RON, having a fixed or variable interest rate, an annually or semi-annually frequency, through one or several issuances, until the maximum ceiling is reached.
“The Extraordinary General Shareholders’ Meeting approved the issuance of eligible additional tier 1 instruments, in accordance with EU Regulation no 575/2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 up to a maximum ceiling of 300 million EUR or RON equivalent, in the form of one or several loans (the Loans). The Loans shall be perpetual (including call options for the issuer), denominated in EURO or RON, having a fixed or variable interest rate, an annually or semi-annually frequency, through one or several issuances, until the maximum ceiling is reached,”, according to the decision of BRD shareholders.
The Extraordinary General Shareholders’ Meeting also approved the date of March 6, 2023 as ex date.
BRD-SocGen had a net profit of RON1.29 billion in 2022, up 0.5% on the year, against the backdrop of increased lending and revenue.
At BRD Group level, the net profit reached almost RON1.34 billion in 2022, up 1.4% versus 2021.