Eurombank breaks even

Eurombank, the bank held by Israeli group Kolal, has broken even in the third quarter this year, after having restructured its operations and completed the programme for initial investments in the IT systems. The Israeli group took over the former Dacia Felix bank in 2001 and has invested, afterwards, several millions of dollars to raise capital, install a new IT system and relocate headquarters from Cluj to Bucharest. “The trend we entered is important, though the figures are not spectacular – the net profit amounting to some 400m ROL. Since we took over the bank, we have invested over $1.5m in the IT system alone,” Alexander Regebongen, the bank’s deputy general director told Ziarul Financiar. ZF