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20.9
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BRD Groupe Societe Generale S A : Financial Statements as at June 30, 2023 & Financial Auditor's Report
August 03, 2023 at 07:42 am
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
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
Disclaimer
BRD - Groupe Société Générale SA published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 03 August 2023 06:41:08 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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BRD - Groupe Société Générale S.A. is a banking group organized primarily around 3 areas of activity:
- retail banking (67.4% of net interest income): sale of classic and specialized banking products and services;
- business and investment banking (10.6%);
- other (21.1%).
At the end of 2021, the group had RON 52.7 billion in current deposits and RON 32.9 billion in current loans.
Products and services are marketed through a network of 499 branches located in Romania.
More about the company
Last Close Price
20.9
RON
Average target price
18.94
RON
Spread / Average Target
-9.40%
Consensus
1st Jan change
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