BRD - Groupe Societe Generale SA (Romania)

BRD Groupe Societe Generale SA was established as a commercial bank in 1990. In December 1998, Société Générale signed an agreement with Fondul Proprietatii de Stat (the authority that managed the state's holdings), through which Société Générale subscribed a 20% capital increase and purchased a stock that allowed it to own 51% of BRD's increased capital. In 2001, BRD was listed on the Bucharest Stock Exchange, becoming one of the most traded companies. BRD become second bank in Romania in terms of assets, one of the major financiers of SMEs, as well as one of the major players in the corporate banking market in Romania.