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Banks and Insurance
First Bank (formerly Piraeus Bank), acquired by the American investment fund JC Flowers & Co, officially entered the American era. The bank opened yesterday its first branch under its new brand identity. The Greek bank Piraeus Bank disappears from the Romanian banking landscape after almost two decades of existence, making it the favorite place of American banks.
"We" are reborn "on June 28th, when the American investment fund JC Flowers acquired Piraeus Bank Romania.This was the beginning of a profound transformation for us.We are now working with a new shareholder, with a new board of directors and a new management team We want to bring banking services to a new level and energize the market – we are here to create banks in the US Our banking style goes beyond of what is normally OK on this market, it is "better than" OK, "said Dominic Bruynseels, executive chairman of First Bank at the inauguration ceremony.
The British, who have worked in the banking sector for three decades and served as CEO of BCR from 2008 to 2012, took over the management of the bank, while Nicolae Dănilă, former BCR executive chairman during the privatization and former board member BNR, heads the First Bank Board of Directors.
The "baptism" of First Bank Romania (formerly Piraeus Bank), controlled by the US investment fund JC The Flowers took place yesterday at the Victoria Square headquarters, in the presence of the US Ambassador Hans G. Klemm , mayor of sector 1 –
Daniel Tudorache, Dominic Bruynseels – Executive Chairman of First Bank – and Nicholas Dânnil, Chairman of the Board of First Bank. Alexandru Petrescu, Minister of Communications, also attended the event.
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