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 and reflecting resilient commercial and financial performance.

• Net profit reached 368,956 thousand RON (up 14% YoY, excluding turnover tax), with total assets rising to 100,515,361 thousand RON.

• Revenues increased 0.3% YoY on a reported basis and 4.4% at constant perimeter and exchange rates, while net loans and deposits grew 8% and 14% YoY, respectively.

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

• Cost-to-income ratio improved to 52.4% (down from 53.1% YoY), indicating enhanced operational efficiency.

Financial highlights

• Net banking income was RON 1,062m, slightly down 1.7% YoY; net interest income stable at 758,622 thousand RON.

• Operating expenses decreased by 3% YoY to 556,081 thousand RON, driving improved leverage.

• Net income for French Retail, Private Banking, and Insurance rose 48.4% YoY to EUR 625 million; GBIS net income was EUR 773 million, down 9.7% YoY.

• MIBS net income increased 21.6% YoY to EUR 365 million; BoursoBank net income reached EUR 92 million.

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

Outlook and guidance

• All pillars are within their 2026 cost-to-income ratio targets; cost of risk guidance for 2026 remains at 25–30 basis points.

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

• CET1 buffer of 325 basis points above requirements supports stable distribution outlook; no expected impact from regulatory buffer increases.

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