Maria Rousseva, CEO BRD: “We will continue to target the top 3 banks in Romania”

“Competition can be seen as a positive challenge because it helps us grow and improve. For us internally, it’s good to compare ourselves with other strong banks in the market. We will continue to target the top 3 banks in Romania.

We are glad to be growing our market share, and we have very solid foundation for that,” Maria Rousseva, CEO of BRD Groupe Société Générale, said in a press conference.

“Inflation is decreasing at satisfactory speed and based on that we expect the interest rate to move in accordance with the inflation rate in the second part of the year. For the first part of the year, we expect the interest rate to remain stable, not growing.

Cybercrime is a very important topic across the industry. We are trying to help educate the clients, and we insist on them to follow our recommendations on this topic.

What we observe is that there is a trend of fraudsters trying to manipulate the clients and lead them to decisions to damage them irrespective of the channel.

Awareness and prevention are the important measures that we are taking to protect our clients. We invest a lot in IT security, we are testing our channels. We consider our protection measures to be at high levels. We plan to continue to invest in our IT security.

We have invested 50 million euros in technology and 50 million more for maintaining and improving our existing solutions for IT security.”

BRD Groupe Société Générale announced its financial results for the year 2023. The company reported a net profit of 1.65 billion, a 24 percent growth compared with 2022.

BRD Group full year revenues reached RON 3,834 million compared to RON 3,459 million in 2022, higher by +10.8 percent, with increasing volumes and elevated market interest rates being the main engines of growth.