BRD Groupe Societe Generale S A : The individual and consolidated annual financial statements, prepared according to International Financial Reporting Standards, as adopted by the European Union, for the financial year ended as at December 31, 2022.

BRD - Groupe Société Générale S.A.

CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS

Prepared in Accordance with

International Financial Reporting Standards as adopted by the European Union DECEMBER 31, 2022

BRD - Groupe Société Générale S.A.

CONSOLIDATED AND SEPARATE STATEMENT OF FINANCIAL POSITION

for the period ended December 31, 2022

(Amounts in thousands RON)

		Group		Bank
	Note	December 31,	December 31,	December 31,	December 31,
	2022	2021	2022	2021
ASSETS
Cash and due from Central Bank	5, 36	7,625,002	6,206,356	7,624,933	6,206,323
Due from banks	6	7,220,963	4,537,941	7,204,987	4,521,357
Derivatives and other financial instruments held for trading	7	2,343,377	2,274,924	2,337,311	2,274,924
Financial assets at fair value through profit and loss	8	14,262	6,947	8,132	6,947
Financial assets at fair value through other comprehensive income	9	13,439,596	19,863,825	13,439,596	19,863,825
Financial assets at amortised cost	10	39,019,048	32,913,875	38,272,985	32,183,856
Loans and advances to customers	10.1	36,288,342	32,913,875	35,542,279	32,183,856
Treasury bills at amortised cost	10.2	2,730,706	-	2,730,706	-
Finance lease receivables	11	1,407,394	1,222,595	-	-
Investments in subsidiaries, associates and joint ventures	12	113,670	107,205	129,964	158,916
Property, plant and equipment	13	1,063,863	1,072,099	1,046,443	1,051,254
Investment property	13	15,503	16,312	15,503	16,312
Goodwill	14	50,130	50,130	50,130	50,130
Intangible assets	15	407,487	321,063	405,667	319,656
Current tax asset	24	23,563	7,484	23,563	7,484
Deferred tax asset	24	496,034	180,089	478,893	166,173
Other assets	16	590,963	271,256	473,958	176,910
Non-current assets held for sale		10,912	11,196	10,912	11,196
Total assets		73,841,767	69,063,297	71,522,977	67,015,263

LIABILITIES AND SHAREHOLDERS' EQUITY

Due to banks	17
Derivatives and other financial instruments held for trading	7
Due to customers	18
Borrowed funds	19
Subordinated debts	20
Current tax liability	24
Provisions	21
Other liabilities	22
Total liabilities
Share capital	23

Other reserves

Retained earnings and capital reserves

Non-controlling interest

Total equity

Total liabilities and equity

636,888	156,810	636,888	156,810
1,443,546	498,651	1,443,546	498,651
56,660,841	52,683,581	56,915,740	52,917,886
5,625,488	4,056,470	3,567,262	2,230,572
1,238,651	495,022	1,238,651	495,022
5,595	83,963	-	79,979
393,452	383,185	380,172	374,745
877,540	826,710	763,682	722,260
66,882,001	59,184,392	64,945,941	57,475,925
2,515,622	2,515,622	2,515,622	2,515,622
(2,054,109)	(385,380)	(2,054,109)	(385,380)
6,439,441	7,690,955	6,115,523	7,409,096
58,812	57,708	-	-
6,959,766	9,878,905	6,577,036	9,539,338
73,841,767	69,063,297	71,522,977	67,015,263

The financial statements have been authorized by the Group's management on March 15, 2023 and are signed on the Group's behalf by:

Giovanni Luca Soma		François Bloch
Chairman of the Board of		Chief Executive Officer
Directors
Etienne Loulergue
Deputy Chief Executive Officer

The accompanying notes are an integral part of this financial statements

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BRD - Groupe Société Générale S.A.

CONSOLIDATED AND SEPARATE PROFIT OR LOSS

for the period ended December 31, 2022 (Amounts in thousands RON)

		Group	Bank
	Note	2022	2021	2022	2021
Interest and similar income	25	2,941,286	2,234,229	2,790,043	2,085,527
Interest and similar expense	26	(570,852)	(150,042)	(550,845)	(132,419)
Net interest income		2,370,434	2,084,187	2,239,198	1,953,108
Fees and commission income	27	1,123,056	1,064,987	1,079,100	1,018,273
Fees and commission expense	27	(368,727)	(320,760)	(359,906)	(312,230)
Fees and commissions, net		754,329	744,227	719,194	706,043
Gain on derivative, other financial instruments held for trading and foreign exchange	28	316,229	245,298	313,165	244,316
Gain from financial instruments at fair value through other comprehensive income		2,415	11,960	2,415	11,960
Gain from financial instruments at fair value through profit and loss		2,541	7,747	2,554	7,411
Net (loss)/Income from associates and joint ventures		5,344	11,441	(30,075)	3,349
Other income/(expense) from banking activities	29	7,931	(7,723)	42,412	3,700
Net banking income
	3,459,223	3,097,137	3,288,863	2,929,887
Personnel expenses	31	(898,901)	(828,692)	(839,169)	(765,270)
Depreciation, amortisation and impairment on tangible and intangible assets	32	(228,889)	(238,946)	(223,599)	(230,458)
Contribution to Guarantee Scheme and Resolution Fund	30	(69,171)	(49,384)	(69,171)	(49,384)
Other operating expenses	33	(547,641)	(480,008)	(508,946)	(448,944)
Total operating expenses
	(1,744,602)	(1,597,030)	(1,640,885)	(1,494,056)
Gross operating profit		1,714,621	1,500,107	1,647,978	1,435,831
Cost of risk	34	(95,106)	145,656	(92,699)	159,233
Operating profit		1,619,515	1,645,763	1,555,279	1,595,064
Profit before income tax		1,619,515	1,645,763	1,555,279	1,595,064
Current tax expense	24	(280,610)	(313,574)	(264,300)	(298,892)
Deferred tax income/(expense)		(1,817)	(13,286)	(5,041)	(16,916)
Total income tax		(282,427)	(326,860)	(269,341)	(315,808)
Profit for the period		1,337,088	1,318,903	1,285,938	1,279,256
Profit attributable to equity holders of the parent		1,328,008	1,309,686	-	-
Profit attributable to non-controlling interests		9,080	9,217	-	-
Basic earnings per share (in RON)	35	1.9056	1.8793	1.8452	1.8356

The accompanying notes are an integral part of this financial statements

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BRD - Groupe Société Générale S.A.

CONSOLIDATED AND SEPARATE STATEMENT OF COMPREHENSIVE INCOME

for the period ended December 31, 2022

(Amounts in thousands RON)

			Group	Bank
		Note	December 31,	December 31,	December 31,	December 31,
		2022	2021	2022	2021
Profit for the period		1,337,088	1,318,903	1,285,938	1,279,256
Other comprehensive income
Net comprehensive income that may be reclassified to profit and loss in subsequent		(1,682,642)	(1,190,632)	(1,682,643)	(1,190,632)
periods
Net gain/(loss) on financial assets at fair value through other comprehensive income		(1,682,642)	(1,190,632)	(1,682,643)	(1,190,632)
Reclassifications to profit and loss during the period		2,884	11,596	2,884	11,596
Revaluation differences		(2,005,937)	(1,429,085)	(2,005,937)	(1,429,085)
Income tax		320,411	226,856	320,411	226,856
Net comprehensive income not to be reclassified to profit and loss in subsequent		13,913	810	13,913	810
periods
Gain / (Loss) on defined pension plan	22	16,563	965	16,563	965
Income tax relating to defined pension plan	18	(2,650)	(154)	(2,650)	(154)
Other comprehensive income for the period, net of tax		(1,668,729)	(1,189,822)	(1,668,729)	(1,189,822)
Total comprehensive income for the period, net of tax
	(331,641)	129,081	(382,791)	89,434
Attributable to:
Equity holders of the parent		(340,721)	119,864		-
Non-controlling interest		9,080	9,217		-

The accompanying notes are an integral part of this financial statements

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BRD - Groupe Société Générale S.A.

CONSOLIDATED AND SEPARATE STATEMENT OF CHANGES IN EQUITY

for the period ended December 31, 2022

(Amounts in thousands RON)

Group

Attributable to equity holders of the parent

		Other reserves
		Reserves from financial	Reserves from		Non-controlling	Total equity
		assets at fair value	Retained earnings	interest
	Issued capital	defined pension
	through other	and capital reserves
		plan
		comprehensive income
December 31, 2020	2,515,622	789,030	15,412	6,403,510	48,491	9,772,065
Total comprehensive income	-	(1,190,632)	810	1,309,686	9,217	129,081
Net Profit for the period	-	-	-	1,309,686	9,217	1,318,903
Other comprehensive income	-	(1,190,632)	810	-	-	(1,189,822)
Adjustment	-	-	-	29,959	-	29,959
Equity dividends	-	-	-	(52,198)	-	(52,198)
December 31, 2021	2,515,622	(401,602)	16,222	7,690,955	57,708	9,878,905

Attributable to equity holders of the parent

		Other reserves
		Reserves from financial	Reserves from		Non-controlling
	Issued capital	assets at fair value	Retained earnings	interest	Total equity
	defined pension
	through other	and capital reserves
		plan
		comprehensive income
December 31, 2021	2,515,622	(401,602)	16,222	7,690,955	57,708	9,878,905
Total comprehensive income	-	(1,682,642)	13,913	1,328,008	9,080	(331,641)
Net Profit for the period	-	-	-	1,328,008	9,080	1,337,088
Other comprehensive income	-	(1,682,642)	13,913	-	-	(1,668,729)
Equity dividends	-	-	-	(2,579,510)	(7,977)	(2,587,487)
December 31, 2022	2,515,622	(2,084,244)	30,135	6,439,441	58,812	6,959,766

The accompanying notes are an integral part of this financial statements

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