Weiss, Bancpost: I have a mandate to boost the bank's business - financiare.ro
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News » March, 2011 » 1 March 2011

Weiss, Bancpost: I have a mandate to boost the bank's business
01.03.2011, 08:20 | Finance-Banks | 929 views



Bancpost is ready to fight to regain the market share lost in the past few years, says Peter Weiss, 51, who at the beginning of the year took over the bank's executive management, specifying that its Greek shareholder - EFG Eurobank group - wants to continue to support the development of local operations, including with cash freed up after selling the Polish subsidiary.

"I have a mandate to boost the bank's business," Weiss told ZF in an interview. Seeing as Bancpost has lost ground over the last few years, he says Eurobank's ambition is for the local subsidiary to remain a "systemic bank", which, as defined by the NBR, would mean holding an over 5% market share. At the end of last year, Bancpost's market share by assets had narrowed to less than 4%, a ten-year low.

Read more on ZF.ro




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