BRD Finance expands client portfolio by 17% within three months

BRD Finance, the consumer funding division of BRD-SocGen, has increased its client portfolio by 17% in the first quarter of this year and now totals 400,000 clients. "The first three months of the year were much more tumultuous than many expected. The growth trend that began at the end of 2006, continued into 2007, and according to our records, we registered 400,000 clients at the beginning of April," says Vincent Delatte, general manager of BRD Finance. The company had credits worth around half a billion RON (149 million euros) at the end of last year. Delatte, which took over the management of BRD-Finance in spring, says it will continue to expand its distribution channels and its product portfolio. Currently, the company offers credit card funding, as well as funding in the form of consumer, car, or personal loans. Con sumer credits and car credits are offered at the point of purchase, whereas credits for personal needs are distributed through direct marketing channels.