BRD Finance, a Romanian bank unit, plans to exit the local market, selling its loan portfolio and ceasing loan and card transactions.
BRD Finance, the consumer finance unit of Romania's 4th largest bank, BRD-SocGen, plans to exit the local market after 20 years and is selling its entire loan portfolio, with EOS Group among the leading bidders. The company has ceased granting loans and stopped card transactions, focusing on efficient portfolio management. This move comes after BRD-SocGen decided to sell its private pension management arm, BRD Pensii.
May 21, 2024
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