[ad_1]
ZF 24
First Bank, formerly Piraeus Bank Romania, acquired by the American investment fund JC Flowers began the assault on the Romanian banking market with the aim of placing itself in an overpopulated market and entering the top 10 at first.
From here to the end of the year, the 40 branches of Bucharest, as well as the banking unit of Alba Iulia, will carry the new brand identity of the bank. Earlier next year, the branding process will be extended to the country's branches, according to a press release from the bank.
Nicolae Dănilă, Chairman of the Board of First Bank, said: Today we are embarking on a new project to create together a long – standing Romanian financial institution.
Nicolae Danila began her banking career 44 years ago in Bucharest, where the Americans opened the first bank of the former communist bloc. He has worked for Americans for more than two decades. The bank has seen more mergers and acquisitions, joining today the largest US banking group, J.P Morgan Chase.
In the late 1990s, after leaving the United States, Danila became advisor to the governor of the NBR, special administrator of Bancorex after its bankruptcy, and then chief executive officer of BCR, the largest bank in Romania, which took over. good assets at Bancorex.
He was CEO of BCR at the time of privatization with the Austrian group Erste, which was paying 3.75 billion euros for 60% of the shares. After leaving BCR, Danila was vice governor of the NBR for five years.
Last year, he was recruited by J.C. Flowers to become part of the Piraeus Bank leadership, now renamed First Bank.
The US investment fund brought Dominic Bruynseels, the man who ran BCR for four years after Danila left.
Bruynseels, who is married to a Romanian, said at the official launch that First Bank had important plans for Romania, which it wanted to offer new services to boost the Romanian banking market.
We want to improve Romania, he said.
The Romanian banking market is composed of 36 banks, of which the 10 largest control more than 10% of the market.
J.C Flowers also wants to buy other banks, being opening NBG for the sale of Banca Romaneasca.
J.C. Flowers is controlled by American billionaire J. Christopher Flowers and has assets exceeding $ 5 billion.
The acquisition of Piraeus Bank Romania is the first in Central and Eastern Europe.
-
Resumption of the presidency of the Council of the EU, gold mine of hotels in Bucharest: 3,300 rooms, 50,000 nights, 21 hotels, 7.5 million euros. Intercontinental: There are still many unknowns, political instability hinders the smooth running of this process.
-
Nicolae Zamfir, Laser Director at Magurele: The high-power laser components will be available to researchers in 2019. The team already has 150 members from 28 countries. There are also 100 researchers
-
Ten Ideas for Grade 10: Computing in General, Tax System to Attract Business to Schools or Encouraging Students to Participate in International Competitions
-
A warning Vladimir Kalinov, Raiffeisen: In the mortgage market, the trend is down, customers are waiting to see what is happening in the real estate market.
-
Vasile Hasaman, a Dej entrepreneur, creates a sanitary and sanitary products factory with 370 million lei
-
The American First Bank started after the Greek odyssey Piraeus Bank. Dominic Bruynseels, Executive Chairman: We are here to make banking in the US
-
What are the cheapest shares in first league leagues
-
Antibiotic Iasi will double the production of creams and ointments by 2020. More than 60% of the production of a new plant will be exported.
-
Kick for the private health system. Finance Minister Accuses Double Transactions and Announces Checks on Private Health Services $ 6.5 Billion
-
Isarescu: BNR has not had the luxury of focusing exclusively on price stability and interest
<! – see everything->
Source link
