BRD Groupe Societe Generale S A : Financial Statements as at June 30, 2023 & Financial Auditor's Report

BRD Groupe Société Générale S.A.

INTERIM FINANCIAL STATEMENTS

JUNE 30, 2023

Ernst & Young Assurance Services SRL	Tel: [phone]
Bucharest Tower Center Building, 21st Floor	Fax: [phone]
15-17 Ion Mihalache Blvd., District 1	[e-mail]
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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