BRD Groupe Société Générale S.A.
INTERIM FINANCIAL STATEMENTS
JUNE 30, 2023
Ernst & Young Assurance Services SRL | Tel: +40 21 402 4000 |
Bucharest Tower Center Building, 21st Floor | Fax: +40 21 310 7193 |
15-17 Ion Mihalache Blvd., District 1 | office@ro.ey.com |
011171 Bucharest, Romania | ey.com |
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BRD | Groupe Société Générale S.A. | |||||
CONSOLIDATED AND SEPARATE PROFIT OR LOSS | ||||||
for the period ended June 30, 2023 | ||||||
(Amounts in thousands RON) | ||||||
Group | Bank | |||||
Unaudited (*) | ||||||
Six months ended June | Six months ended June | Six months ended June | Six months ended June | |||
Note | 30, 2023 | 30, 2022 | 30, 2023 | 30, 2022 | ||
Interest and similar income | 23 | 1,991,354 | 1,274,687 | 1,899,104 | 1,201,003 | |
Interest and similar expense | 24 | (662,286) | (151,628) | (636,623) | (144,230) | |
Net interest income | 1,329,068 | 1,123,059 | 1,262,481 | 1,056,773 | ||
Fees and commission income | 25 | 565,576 | 536,496 | 546,475 | 514,363 | |
Fees and commission expense | 25 | (205,010) | (163,181) | (200,647) | (158,522) | |
Fees and commissions, net | 360,566 | 373,315 | 345,828 | 355,841 | ||
Gain on derivative, other financial instruments held for trading and foreign exchange | 26 | 169,635 | 133,856 | 168,723 | 132,969 | |
Gain from financial instruments at fair value through other comprehensive income | - | 2,415 | - | 2,415 | ||
Gain from financial instruments at fair value through profit and loss | 4,157 | 2,352 | 3,837 | 2,360 | ||
Net (loss)/Income from associates and joint ventures | 1,838 | (4,418) | 17,040 | (5,054) | ||
Other income/(expense) from banking activities | 27 | (3,812) | 10,940 | 6,309 | 46,372 | |
Net banking income | 1,861,452 | 1,641,519 | 1,804,218 | 1,591,676 | ||
Personnel expenses | 29 | (461,791) | (415,227) | (440,087) | (387,739) | |
Depreciation, amortization and impairment on tangible and intangible assets | 30 | (121,564) | (113,111) | (119,239) | (110,053) | |
Contribution to Guarantee Scheme and Resolution Fund | 28 | (68,094) | (69,171) | (68,094) | (69,171) | |
Other operating expenses | 31 | (292,117) | (255,195) | (277,406) | (239,387) | |
Total operating expenses | (943,566) | (852,704) | (904,826) | (806,350) | ||
Gross operating profit | 917,886 | 788,815 | 899,392 | 785,326 | ||
Cost of risk | 32 | 5,230 | (46,095) | (1,572) | (52,368) | |
Operating profit | 923,116 | 742,720 | 897,820 | 732,958 | ||
Profit before income tax | 923,116 | 742,720 | 897,820 | 732,958 | ||
Current tax expense | 22 | (149,509) | (112,485) | (143,496) | (103,237) | |
Deferred tax income/(expense) | (6,087) | (13,464) | (2,175) | (13,049) | ||
Total income tax | (155,596) | (125,949) | (145,671) | (116,286) | ||
Profit for the period | 767,520 | 616,771 | 752,149 | 616,672 | ||
Profit attributable to equity holders of the parent | 753,410 | 608,509 | - | - | ||
Profit attributable to non-controlling interests | 14,110 | 8,262 | - | - | ||
Basic earnings per share (in RON) | 33 | 1.0811 | 0.8732 | 1.0793 | 0.8849 |
The accompanying notes are an integral part of this financial statements
(*) Unaudited / unreviewed by the financial auditor
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