BRD
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Ernst & Young Named BRD-SocGen’s Financial Auditor
Ernst & Young Assurance Services will be the new financial auditor of BRD-SocGen, the second largest bank by assets on the local market, replacing Deloitte.
BRD Factoring Operations Up 5% In 2014, To EUR960M
BRD, Romania’s second largest bank by assets, reported factoring operations of nearly EUR960 million (RON4.3 billion) in 2014, up 5% on the year.
BRD To Launch Dollar Investment Fund
Romanian local financial regulator ASF authorized BRD Asset Management, the third fund manager by size with RON2.6 billion assets under management, to launch open-end investment fund BRD USD...
BRD Appoints New Board Chairman
BRD appointed board member Giovanni Luca Soma Tuesday to the position of chairman of the board, the lender announced.
BRD Triples 1Q Net Profit of Declining Risk Costs
BRD-Groupe Societe Generale (BRD.RO), the second largest lender in Romania, almost tripled its first-quarter net profit following a sharp decline in the net cost of risk, the company’s finan...
Over Half Of First Home Loans, Granted By Two Banks
BCR and BRD, the top two banks in Romania by asset size, have granted over 55% of the 130,000 loans approved since the launch of the First Home scheme, in 2009.
GoodMills Romania Borrows EUR16M From BRD
Romanian milling and bakery company GoodMills Romania (former Titan) will borrow EUR16 million from lender BRD - Groupe Societe Generale and estimates a 4.7% turnover growth and operating pr...
Court Reduces BRD Antitrust Fine To EUR20,000 From EUR4M
The Bucharest Court reduced to EUR20,000 a EUR4 million fine the Competition Council applied to lender BRD for obstructing inspection in 2008, antitrust authority president Bogdan Chiritoiu...
BRD Factoring Operations Up 5% In 2014, To EUR960M
BRD maintained its leading position on the domestic factoring market last year, with a turnover of more than EUR960 million, up 5% on the year, and a market share of 35.7%, up nearly two poi...