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AIG sells JetFinance International

AIG New Europe Fund, a fund sponsored by AIG Capital Partners, Inc, is selling JetFinance International to BNP Paribas, through its consumer arm Cetelem.

JetFinance International was founded in November 2001 and is now the leading specialised consumer finance company in Bulgaria, enjoying a broad product range that includes point-of-sale financing (JetCredit), home-collected loans (JetCash) and personal loans distributed through a proprietary branch network (JetCreditPlus). As at 31 December 2006, JetFinance International had total assets of EUR109 million.

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