Banca Romaneasca wants 3% market share

This year we will exceed one billion euros in assets and we hope to reach a 3% market share, says Andreas Maragkoudakis, chief executive of Banca Romaneasca. The bank closed last year with assets worth 616 million euros, accounting for a market share of about 2%. “A one percentage point increase in our market share is an ambitious target; we will have to grow faster than the others. It is, however, an achievable goal,” says Maragkoudakis. He targets a 5% market share by December 2007. The bank saw a substantial capital increase, of 60 million euros, from its majority shareholder, the Greek group National Bank of Greece this month. As a matter of fact, the Greeks could bring their own brand – NBG on the market this year and give up the name Banca Romaneasca. ZF