“On 31 March 2024, BRD Finance IFN SA is in the process of selling its entire loan portfolio,” BRD documents say.
Management intends to cease operations, according to the same source.
ZF reported as early as 2022 that BRD Finance would be disbanded, citing financial market sources, but BRD neither confirmed, nor denied the information at the time.
At the end of March 2024, the net loan portfolio of BRD Finance stood at RON173 million compared with RON374 million at the end of March 2023, which indicates a halving of the volume of loans. The loan portfolio of BRD Finance IFN SA comprises consumer loans, which are not secured.
(English version by Loredana Fratila-Cristescu)