RoBank for sale

The National Bank of Romania (NBR) has requested Balli Group to sell its stake in RoBank by the beginning of next year. Asigurarea Anglo – Romana (Anglo-Romanian Insurance) will broker the transaction, as the British group chose to put up for sale the controlling interest in the bank. Although market rumours had pointed to the imminent sale for months, this would be the first public confirmation from the central bank officials. “Three or four investors are competing for taking over the bank as it has a very good liquidity and has met all of our demands,” said Nicolae Cinteza, chief of the National Bank’s supervising unit. ZF