BRD - Groupe Société Générale (BRD) investor relations material

Executive summary

• Achieved strong profitability in Q1 2026, with ROTE of 11.7% and ROE around 16%, exceeding targets despite a challenging macroeconomic environment.

• Net profit reached 368,956 thousand RON, up 14% year-over-year, reflecting continued profitability.

• Revenues and net banking income remained stable, with cost-to-income ratio improving to 52.4%.

• Maintained strong digital engagement, with 1.92 million digital users (+12% YoY) and 35% higher transaction value.

• Lending growth driven by both private individuals and large corporates, each up 10% YoY.

Financial highlights

• Net income for French Retail, Private Banking, and Insurance pillar up 48.4% YoY to EUR 625 million; RONE at 13.7%.

• Net banking income was RON 1,062 million, down 1.7% YoY; operating expenses decreased by 3% YoY.

• Earnings per share rose to 0.5294 RON from 0.5029 RON YoY.

• Group cost-to-income ratio improved by over 4 percentage points YoY.

• Loan to deposit ratio decreased to 73.8% from 78.0% YoY.

Outlook and guidance

• Cost-to-income ratio target below 60% for 2026 remains in reach, with continued focus on disciplined growth and digital transformation.

• CET1 buffer of 325 bps above requirements supports stable distribution policy despite regulatory changes.

• Growth expected to remain modest in 2026, with Romania's GDP projected at +0.7% and inflation expected to decline in H2 2026.

• Management confirmed the going concern basis, citing strong financial position and access to resources.