BRD - Groupe Société Générale S.A.
Summary of consolidated and separate statement of financial position and profit or loss
BRD - Groupe Société Générale S.A.
COMPARATIVES CONSOLIDATED FINANCIAL POSITION
(Amounts in thousands RON)
December 31, 2023 | March 31, 2024 | June 30, 2024 | September 30, 2024 | December 31, 2024 | |
Restated | Restated (Unaudited) | Restated (Unaudited) | Restated (Unaudited) | ||
ASSETS | |||||
Cash and cash equivalents | 12,461,891 | 14,075,743 | 11,819,652 | 9,391,059 | 8,658,035 |
Due from banks | 5,135,720 | 2,689,358 | 4,553,208 | 4,057,262 | 6,313,423 |
Derivatives and other financial instruments held for trading | 2,135,709 | 2,183,363 | 2,330,631 | 2,201,294 | 1,842,562 |
out of which: Pledged as collateral | 67,877 | 59,910 | 181,855 | 47,659 | 63,414 |
Financial assets at fair value through profit and loss | 11,376 | 11,299 | 12,508 | 10,242 | 9,208 |
Financial assets at fair value through other comprehensive income | 13,429,670 | 13,368,563 | 12,885,432 | 13,394,224 | 12,164,852 |
out of which: Pledged as collateral | 47,959 | 530,093 | 110,990 | 366,059 | 367,850 |
Financial assets at amortised cost | 46,277,069 | 47,349,381 | 50,055,381 | 52,751,981 | 54,812,982 |
Loans and advances to customers | 40,047,136 | 41,068,029 | 42,605,480 | 45,050,137 | 47,705,202 |
Debt securities | 6,229,933 | 6,281,352 | 7,449,901 | 7,701,844 | 7,107,780 |
out of which: Pledged as collateral | 405,212 | - | 185,628 | 268,169 | 201,025 |
Finance lease receivables | 1,691,734 | 1,769,813 | 1,885,311 | 1,956,356 | 2,023,475 |
Assets held for sale | 216,992 | 180,199 | 142,255 | 10,961 | 11,002 |
Investments in associates and joint ventures | 64,883 | 67,063 | 63,855 | 70,763 | 73,384 |
Property, plant and equipment | 1,073,896 | 1,114,213 | 1,093,962 | 1,069,466 | 1,109,780 |
Investment property | 14,536 | 14,514 | 14,400 | 14,287 | 10,096 |
Intangible assets | 505,958 | 518,484 | 539,886 | 558,762 | 610,742 |
Current tax asset | - | - | 2,118 | 1,726 | 25,119 |
Deferred tax asset | 309,089 | 302,612 | 319,310 | 282,094 | 307,925 |
Goodwill | 50,130 | 50,130 | 50,130 | 50,130 | 50,130 |
Other financial assets | 394,004 | 381,446 | 355,137 | 630,536 | 347,798 |
Other non-financial assets | 76,304 | 111,591 | 87,500 | 77,028 | 109,190 |
Total assets | 83,848,961 | 84,187,772 | 86,210,676 | 86,528,171 | 88,479,703 |
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||
Due to banks | 1,146,540 | 1,406,418 | 1,290,615 | 1,363,276 | 1,477,293 |
Derivatives and other financial instruments held for trading | 1,272,450 | 1,066,141 | 1,101,321 | 827,101 | 524,010 |
Due to customers | 62,405,609 | 62,953,579 | 65,460,598 | 65,386,510 | 67,935,142 |
Borrowed funds | 7,004,362 | 7,003,913 | 7,106,948 | 7,167,169 | 6,554,915 |
Subordinated debts | 1,245,400 | 1,244,467 | 1,246,225 | 1,245,789 | 1,245,458 |
Current tax liability | 36,181 | 65,089 | 63,833 | 64,965 | 3,221 |
Provisions | 348,066 | 328,058 | 328,186 | 307,194 | 334,633 |
Other financial liabilities | 1,204,463 | 612,444 | 650,092 | 654,618 | 627,070 |
Other non-financial liabilities | 323,884 | 341,086 | 324,909 | 294,416 | 326,499 |
Total liabilities | 74,986,955 | 75,021,195 | 77,572,727 | 77,311,038 | 79,028,241 |
Share capital | 2,515,622 | 2,515,622 | 2,515,622 | 2,515,622 | 2,515,622 |
Accumulated other comprehensive income/(loss) | (1,157,341) | (1,179,114) | (1,257,933) | (1,060,667) | (1,256,130) |
Retained earnings | 6,871,036 | 7,195,397 | 6,744,670 | 7,149,278 | 7,579,503 |
Other reserves | 565,021 | 564,841 | 564,133 | 564,133 | 562,658 |
Net assets attributable to owners of the parent | 8,794,338 | 9,096,746 | 8,566,492 | 9,168,366 | 9,401,653 |
Non-controlling interest | 67,668 | 69,831 | 71,457 | 48,767 | 49,809 |
Total equity | 8,862,006 | 9,166,577 | 8,637,949 | 9,217,133 | 9,451,462 |
Total liabilities and equity | 83,848,961 | 84,187,772 | 86,210,676 | 86,528,171 | 88,479,703 |
Tier 1 ratio | 19.3% | 20.2% | 19.3% | 23.5% | not available |
CAR | 22.7% | 23.7% | 22.7% | 27.0% | not available |
(*) BRD total capital ratio and Tier 1 ratio for September 30, 2024 were computed with OCI quickfix impact.
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BRD - Groupe Société Générale S.A.
COMPARATIVES CONSOLIDATED PROFIT OR LOSS
(Amounts in thousands RON)
Year ended | 3M ended | 6M ended | 9M ended | Year ended | |
December 31, 2023 | March 31, 2024 | June 30, 2024 | September 30, 2024 | December 31, 2024 | |
Restated | Restated | Restated | Restated | ||
(Unaudited) | (Unaudited) | (Unaudited) | |||
Interest from loans and financial leases | 3,254,094 | 880,503 | 1,797,415 | 2,732,992 | 3,726,020 |
Interest from deposits with banks | 281,878 | 97,186 | 189,691 | 255,108 | 267,041 |
Interest from treasury bonds | 682,463 | 185,633 | 374,463 | 582,425 | 788,396 |
Interest income from hedging instruments | 1,388 | 358 | 358 | 358 | 358 |
Interest and similar income | 4,219,824 | 1,163,680 | 2,361,927 | 3,570,883 | 4,781,815 |
out of which: Interest income calculated using the effective interest method | 4,110,695 | 1,127,501 | 2,288,361 | 3,459,208 | 4,630,922 |
Interest on deposits | (1,086,569) | (319,893) | (680,674) | (1,038,593) | (1,373,066) |
Interest on borrowings and other debts | (311,959) | (101,770) | (204,298) | (305,194) | (403,982) |
Interest expense on lease liabilities | (5,628) | (2,102) | (4,058) | (5,992) | (7,910) |
Interest expense from hedging instruments | (90,514) | (23,698) | (47,176) | (68,600) | (85,214) |
Interest and similar expense | (1,494,670) | (447,463) | (936,206) | (1,418,379) | (1,870,172) |
Net interest income | 2,725,154 | 716,217 | 1,425,721 | 2,152,504 | 2,911,643 |
Fees and commission income | 1,180,975 | 294,692 | 617,731 | 970,119 | 1,331,225 |
Fees and commission expense | (430,732) | (108,577) | (233,694) | (370,807) | (522,450) |
Fees and commissions, net | 750,243 | 186,115 | 384,037 | 599,312 | 808,775 |
Gain from derivatives and other financial instruments held for trading | 41,527 | 73,183 | 109,774 | 106,261 | 245,305 |
Gain from foreign exchange | 299,265 | 19,322 | 64,843 | 155,340 | 100,135 |
Gain/(Loss) from financial instruments at fair value through profit and loss | 5,341 | (136) | 3,174 | 891 | (144) |
Net income from associates and joint ventures | 15,758 | 2,185 | 7,385 | 14,966 | 16,915 |
Other income/(expense) | (3,065) | (12,222) | (26,889) | (44,940) | (50,595) |
Net banking income | 3,834,223 | 984,664 | 1,968,045 | 2,984,334 | 4,032,034 |
Personnel expenses | (962,958) | (244,678) | (494,035) | (754,750) | (1,010,117) |
Depreciation, amortization and impairment on tangible and intangible assets | (248,423) | (69,094) | (139,889) | (212,889) | (255,996) |
Contribution to Guarantee Scheme and Resolution Fund | (68,094) | (43,052) | (43,517) | (43,517) | (43,517) |
Other operating expenses | (615,670) | (172,646) | (350,505) | (500,775) | (713,706) |
Total operating expenses | (1,895,145) | (529,470) | (1,027,946) | (1,511,931) | (2,023,336) |
Gross operating profit | 1,939,078 | 455,194 | 940,099 | 1,472,403 | 2,008,698 |
Net impairment gain/(loss) on financial instruments | 57,378 | (54,263) | (90,801) | (135,927) | (145,341) |
Profit before income tax | 1,996,456 | 400,931 | 849,298 | 1,336,476 | 1,863,357 |
Current tax expense | (324,514) | (63,982) | (146,741) | (234,165) | (320,067) |
Deferred tax expense | (16,113) | (10,604) | (8,904) | (8,543) | (19,514) |
Total income tax | (340,627) | (74,586) | (155,645) | (242,708) | (339,581) |
Profit for the period | 1,655,829 | 326,345 | 693,653 | 1,093,768 | 1,523,776 |
Profit attributable to equity owners of the parent | 1,639,581 | 324,183 | 689,864 | 1,095,589 | 1,524,409 |
Profit/(loss) attributable to non-controlling interests | 16,248 | 2,162 | 3,789 | (1,821) | (633) |
C/I | 49.4% | 53.8% | 52.2% | 50.7% | 50.2% |
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BRD - Groupe Société Générale S.A.
COMPARATIVES SEPARATE FINANCIAL POSITION
(Amounts in thousands RON)
December 31, 2023 | March 31, 2024 | June 30, 2024 | September 30, 2024 | December 31, 2024 | |
Restated | Restated (Unaudited) | Restated | Restated (Unaudited) | ||
ASSETS | |||||
Cash and cash equivalents | 12,461,819 | 14,075,662 | 11,819,546 | 9,390,956 | 8,657,954 |
Due from banks | 5,120,355 | 2,673,840 | 4,553,208 | 4,057,210 | 6,313,423 |
Derivatives and other financial instruments held for trading | 2,110,661 | 2,162,989 | 2,303,163 | 2,173,927 | 1,810,504 |
out of which: Pledged as collateral | 67,877 | 59,910 | 181,855 | 47,659 | 63,414 |
Financial assets at fair value through profit and loss | 11,376 | 11,299 | 12,508 | 10,242 | 9,208 |
Financial assets at fair value through other comprehensive income | 13,429,670 | 13,368,563 | 12,885,432 | 13,394,224 | 12,164,852 |
out of which: Pledged as collateral | 47,959 | 530,093 | 110,990 | 366,059 | 367,850 |
Financial assets at amortised cost | 45,865,368 | 46,951,264 | 49,645,953 | 52,344,689 | 54,459,688 |
Loans and advances to customers | 39,635,435 | 40,669,912 | 42,196,052 | 44,642,845 | 47,351,908 |
Debt securities | 6,229,933 | 6,281,352 | 7,449,901 | 7,701,844 | 7,107,780 |
out of which: Pledged as collateral | 405,212 | - | 185,628 | 268,169 | 201,025 |
Assets held for sale | 7,106 | 7,008 | 8,496 | 8,200 | 8,913 |
Investments in subsidiaries | 68,898 | 68,898 | 68,898 | 55,772 | 55,772 |
Investments in associates and joint ventures | 34,974 | 34,974 | 30,327 | 30,327 | 30,327 |
Property, plant and equipment | 1,051,237 | 1,092,380 | 1,083,972 | 1,059,461 | 1,100,231 |
Investment property | 14,536 | 14,514 | 14,400 | 14,287 | 10,096 |
Intangible assets | 504,221 | 516,619 | 538,151 | 557,535 | 608,020 |
Current tax asset | - | - | - | - | 24,251 |
Deferred tax asset | 303,152 | 297,778 | 317,728 | 280,337 | 306,005 |
Goodwill | 50,130 | 50,130 | 50,130 | 50,130 | 50,130 |
Other financial assets | 293,256 | 262,917 | 217,198 | 523,333 | 239,499 |
Other non-financial assets | 54,591 | 94,737 | 75,228 | 61,483 | 96,320 |
Total assets | 81,381,350 | 81,683,572 | 83,624,338 | 84,012,113 | 85,945,193 |
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||
Due to banks | 1,146,540 | 1,406,418 | 1,290,615 | 1,363,276 | 1,477,293 |
Derivatives and other financial instruments held for trading | 1,272,450 | 1,066,141 | 1,101,321 | 827,101 | 524,010 |
Due to customers | 62,641,838 | 63,139,953 | 65,653,095 | 65,668,790 | 68,215,487 |
Borrowed funds | 4,834,225 | 4,844,130 | 4,865,698 | 4,878,148 | 4,234,105 |
Subordinated debts | 1,245,400 | 1,244,467 | 1,246,225 | 1,245,789 | 1,245,458 |
Current tax liability | 35,074 | 62,620 | 60,754 | 61,429 | - |
Provisions | 333,810 | 313,398 | 320,432 | 299,781 | 327,200 |
Other financial liabilities | 1,105,095 | 518,131 | 555,015 | 576,937 | 584,957 |
Other non-financial liabilities | 301,895 | 322,977 | 308,658 | 280,400 | 312,742 |
Total liabilities | 72,916,327 | 72,918,235 | 75,401,813 | 75,201,651 | 76,921,252 |
Share capital | 2,515,622 | 2,515,622 | 2,515,622 | 2,515,622 | 2,515,622 |
Accumulated other comprehensive income/(loss) | (1,157,341) | (1,179,114) | (1,257,933) | (1,060,667) | (1,256,130) |
Retained earnings | 6,557,103 | 6,879,190 | 6,415,197 | 6,805,868 | 7,214,810 |
Other reserves | 549,639 | 549,639 | 549,639 | 549,639 | 549,639 |
Net assets attributable to owners of the parent | 8,465,023 | 8,765,337 | 8,222,525 | 8,810,462 | 9,023,941 |
Total equity | 8,465,023 | 8,765,337 | 8,222,525 | 8,810,462 | 9,023,941 |
Total liabilities and equity | 81,381,350 | 81,683,572 | 83,624,338 | 84,012,113 | 85,945,193 |
Tier 1 ratio | 19.4% | 20.4% | 19.5% | 24.0% | 23.7% |
CAR | 23.0% | 24.1% | 23.1% | 27.6% | 27.2% |
(*) BRD total capital ratio and Tier 1 ratio for September 30, 2024 and December 31, 2024 were computed with OCI quickfix impact.
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BRD - Groupe Société Générale S.A.
COMPARATIVES SEPARATE PROFIT OR LOSS
(Amounts in thousands RON)
Year ended | 3M ended | 6M ended | 9M ended | Year ended | |
December 31, 2023 | March 31, 2024 | June 30, 2024 | September 30, 2024 | December 31, 2024 | |
Restated | Restated | Restated | Restated (Unaudited) | ||
(Unaudited) | |||||
Interest from loans and financial leases | 3,059,174 | 829,194 | 1,694,720 | 2,585,772 | 3,533,904 |
Interest from deposits with banks | 281,267 | 97,036 | 189,497 | 254,914 | 266,843 |
Interest from treasury bonds | 682,463 | 185,633 | 374,463 | 582,425 | 788,396 |
Interest income from hedging instruments | 1,388 | 358 | 358 | 358 | 358 |
Interest and similar income | 4,024,293 | 1,112,221 | 2,259,038 | 3,423,469 | 4,589,501 |
out of which: Interest income calculated using the effective interest method | 4,022,905 | 1,111,863 | 2,258,680 | 3,423,111 | 4,589,143 |
Interest on deposits | (1,095,051) | (322,134) | (684,910) | (1,045,106) | (1,382,559) |
Interest on borrowings and other debts | (241,423) | (80,268) | (160,416) | (238,704) | (315,374) |
Interest expense on lease liabilities | (5,448) | (2,044) | (3,974) | (5,867) | (7,744) |
Interest expense from hedging instruments | (90,514) | (23,698) | (47,176) | (68,600) | (85,214) |
Interest and similar expense | (1,432,436) | (428,144) | (896,476) | (1,358,277) | (1,790,891) |
Net interest income | 2,591,857 | 684,077 | 1,362,562 | 2,065,192 | 2,798,610 |
Fees and commission income | 1,142,224 | 284,573 | 597,074 | 937,425 | 1,287,502 |
Fees and commission expense | (423,361) | (106,971) | (230,403) | (365,739) | (515,623) |
Fees and commissions, net | 718,863 | 177,602 | 366,671 | 571,686 | 771,879 |
Gain from derivatives and other financial instruments held for trading | 40,362 | 72,836 | 109,091 | 105,156 | 243,834 |
Gain from foreign exchange | 297,412 | 19,162 | 64,718 | 154,614 | 98,937 |
Gain/(Loss) from financial instruments at fair value through profit and loss | 4,873 | (136) | 3,174 | 891 | (144) |
Net income from associates and joint ventures | 38,452 | - | 1,677 | 1,677 | 1,677 |
Dividend income from subsidiaries | 38,234 | - | 1,420 | 17,831 | 17,831 |
Other income/(expense) | (7,544) | (12,021) | (17,854) | (33,309) | (37,963) |
Net banking income | 3,722,509 | 941,520 | 1,891,459 | 2,883,738 | 3,894,661 |
Personnel expenses | (914,991) | (233,520) | (471,927) | (721,885) | (965,345) |
Depreciation, amortization and impairment on tangible and intangible assets | (243,868) | (67,855) | (137,466) | (209,321) | (251,760) |
Contribution to Guarantee Scheme and Resolution Fund | (68,094) | (43,052) | (43,517) | (43,517) | (43,517) |
Other operating expenses | (587,845) | (166,513) | (345,074) | (496,469) | (703,887) |
Total operating expenses | (1,814,798) | (510,940) | (997,984) | (1,471,192) | (1,964,509) |
Gross operating profit | 1,907,711 | 430,580 | 893,475 | 1,412,546 | 1,930,152 |
Net impairment gain/(loss) on financial instruments | 47,924 | (36,370) | (69,075) | (113,101) | (127,752) |
Profit before income tax | 1,955,635 | 394,210 | 824,400 | 1,299,445 | 1,802,400 |
Current tax expense | (316,546) | (62,620) | (144,639) | (229,198) | (312,079) |
Deferred tax expense | (4,909) | (9,502) | (4,549) | (4,365) | (15,497) |
Total income tax | (321,455) | (72,122) | (149,188) | (233,563) | (327,576) |
Profit for the period | 1,634,180 | 322,088 | 675,212 | 1,065,882 | 1,474,824 |
C/I | 48.8% | 54.3% | 52.8% | 51.0% | 50.4% |
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