Dec 1, 1990 - Banca Romana pentru Dezvoltare SA (BRD SA) is set up as a legal successor of the Romanian state-run investment bank Banca de Investitii (Investment Bank). The bank received a full banking licence by the National Bank of Romania.
Dec 14, 1998 - Romania's privatisation authority APAPS (now AVAS) sells 41% in BRD to the French banking group Societe Generale SA for USD 135 mln. Later, Societe Generale acquires additional 10% in BRD for USD 65 mln.
1999 - The European Bank for Reconstruction and Development (EBRD) buys a 5.0% stake in BRD SA.
Jan 15, 2001 - BRD SA lists on the Bucharest Stock Exchange.
2003 - Banca Romana pentru Dezvoltare SA renames to BRD - Groupe Societate Generale SA.
2004 - Societe Generale purchases additional 7.32% in BRD - Groupe Societate Generale SA and increases its share in the bank to 58.32%.
February 2011 - EBRD sells its 4.99% stake in the bank for EUR 107.4 mln.
Last updated on July 30, 2021.