With Bloch as CEO, the bank’s assets grew by 50%, while the total assets of the banking system grew by 87% from RON393.6 billion to RON737.8 billion.
BRD-SocGen kept its third position in the system, while its market share by assets fell towards 10% (in 2022 and the first half of 2023), as the bank only relied on organic growth and did not make any acquisitions.
Loans granted by BRD during Bloch’s term increased by about 30% from the 2016 level to RON35.5 billion at the end of 2022 and continued to increase for a total of RON37.3 billion at the end of the first half of 2023.
BRD has been profitable every year since 2016, ending 2022 with about RON1.3 billion profit, compared with about RON728 million in 2016. In the first half of 2023 alone, the lender posted RON752 million net profit, an increase of 22% on the year-ago period.
(English version by Loredana Fratila-Cristescu)