BRD – Groupe Société Générale
|Industry||Finance and Insurance|
|Founded||1923 as Societatea Naţională de Credit Industrial|
|Products||Commercial banking, Investment banking, Private banking, Asset management|
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[update].
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.
BRD in Timisoara
BRD in Cluj-Napoca
BRD in Iaşi - Stăpungerii Silvestru branch. BRD owns an extensive network of branches in Romania (over 900)