BRD – Groupe Société Générale

Banca Română pentru Dezvoltare
Type Public
Industry Finance and Insurance
Founded 1923 as Societatea Naţională de Credit Industrial
Headquarters Bucharest, Romania
Products Commercial banking, Investment banking, Private banking, Asset management
Website www.brd.ro

BRD – Groupe Société Générale (BVB: BRD), is a Romanian bank in which the French Société Générale financial group holds a majority stake of 59.37%. It was rebranded after SG bought Banca Română pentru Dezvoltare (Romanian Development Bank) from the Romanian State in 1999. It is currently the second largest bank by assets (about 8.7bn €) in Romania. It has over 2.2 million clients, more than 900 branches and recently moved its headquarters into a new building on Victoriei Square in the north side of Bucharest, into one of the tallest towers in the country as of 2005.

BRD was founded in 1990 as a commercial bank by taking over assets of the former Investment Bank of Romania.

Since January 2010, General Manager of BRD – Groupe Société Générale is Mr. Guy Poupet.

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