BRD has decided to close the macroeconomic analysis team and eliminate the chief economist position, reflecting an internal reorganization.

BRD, the fifth bank in Romania by asset value, announced the dissolution of the macroeconomic analysis team and the elimination of the chief economist position, starting from August 20.

This decision is part of a broad process of reorganization and streamlining of the bank's internal activities. According to the resolution of the Board of Directors, the team will no longer produce essential market reports for the business environment and investors. Florian Libocor, chief economist for over ten years, did not comment on this change.

The chief economist position was crucial for analyzing economic trends and providing strategic advice to the bank's management. BRD refused to provide details about the reasons for the restructuring, emphasizing the internal nature of the decision. Although surprising for the local market, this move aligns with international trends of streamlining banking structures, where large institutions have adopted similar strategies to reduce costs.