BRD Groupe Societe Generale SA (Romania) · BVB:BRD
BRD Groupe Societe Generale SA (Romania) — BRD - Groupe Société Générale — Shareholder Meeting (April 2019)
8 slides from BRD Groupe Societe Generale SA (Romania)'s shareholder meeting presentation, Apr 18, 2019
Slide 1: Budget 2019 General Shareholders Assembly
BRD Budget 2019 General Shareholders Assembly BRD STAND ALONE, ACCORDING TO IFRS APRIL 18TH 2019
Slide 2: Macroeconomic environment
Macroeconomic environment Strong but unsustainable GDP growth GDP growth reached 7% in 2017 and 4.1% in 2018, driven by private consumption which benefitted from pro-cyclical fiscal stimulus, while investment contribution remained modest In a context of surging wages (average nominal wages growi
Slide 3: Banking environment
Banking environment Lending to individuals is expected to slow down starting with 2019 Lending to households has been dynamic in the last 3 years, in line with disposable income and private consumption rising trends. Housing loans (with loans granted under “Prima Casa” a key factor of support) pos
Slide 4: Committed to positive transformation: retail
COMMITTED TO POSITIVE TRANSFORMATION RETAIL – towards a more customer centric, digital, and efficient bank CUSTOMIZE THE VALUE PROPOSITION ADAPT THE DISTRIBUTION CHANNEL MIX Customized approach per sub-segment on individuals Accelerate the development of our omnichannel platform with differentia
Slide 5: Key commercial trends per segments
Key commercial trends per segments RETAIL CORPORATE Less supportive economic environment expected to lead to a Development of business flows decrease of the production of loans to individuals in 2019 Moderate increase of credits volumes Expected slump in prices of services (transfers, acquir
Slide 6: Profitability evolution
PROFITABILITY EVOLUTION Net banking income Net interest income is expected to benefit from higher lending volume (EOP net outstanding amount of loans growth budgeted at +4%) and positive rate effects. Fees and commissions income should be impacted by opposite forces: price pressure, with regulator
Slide 7: 2019 Budget - Key indicators
2019 BUDGET - KEY INDICATORS Evo Budget Evo A 2017 A 2018 A18/ A17* B19/ A18* 2019 Total 27.8 28.9 3.9% 30.2 3.4% Net loans (RON bn) Clientele Retail privée 20.3 20.9 3.1% 21.9 4.1% Clientele Non Retailcommerciale 7.6 8.0 5.8% 8.2 1.4% Total 44.2 45.3 2.5% 44.1 -3.7% Deposits (RON bn) Clientele Reta
Slide 8: 2019 Budget - Financial targets
2019 BUDGET - FINANCIAL TARGETS Evolution Perspectives for 2019 2017 2018 18/17 RON m > +6%, solid NII growth, NET BANKING INCOME 2,639 2,981 12.9% fees and commissions under pressure +54% including tax on fin. assets* OPERATING EXPENSES (1,388) (1,400) 0.9% +6% excluding exceptional items FINANCIAL
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