EBRD's big plans for Romania

The European Bank for Reconstruction and Development (EBRD) plans to take part in the restructuring and privatisation of the Romanian Savings Bank (CEC) and Eximbank, the last banks under State control, according to the bank’s new country strategy for Romania, endorsed at the end of November. Moreover, the EBRD may support some mergers and acquisitions among local private banks, as it considers the Romanian banking sector is still fragmented and there is room for consolidation. According to the country strategy, EBRD will also eye new opportunities to take part in the equity funds that invest in the small and medium-sized enterprises. ZF