The bank said it received around 4,300 deferral requests during this period.
Out of approved applications, just 9% of customers requested the maximum deferral period of nine months and around 80% of them had resorted to deferrals in 2020 as well.
“The sharp decrease in loan deferral requests this year is a positive signal for the bank and for the economy in general. It shows that the government measure to apply moratoriums on loans largely worked but it also shows there are certain sectors still struggling. If needed, once the moratoriums expire, we will propose customized solutions to those clients still in difficulty,” said Radu Topliceanu, BRD deputy general manager, in charge of retail banking.
In 2020, BRD Groupe Société Générale approved loan payment deferrals for approximately 41,000 retail customers, both under the government-backed moratorium and its own deferral procedures. Around 62% of deferral applications in 2020 were for three months, 8% for six months, and 17% for the maximum nine months.