Changes at the top of HVB Bank Romania: Wolfgang Schoiswohl, 42, currently the bank's executive manager, who also runs the Corporate Banking Division, was appointed vice-president by the Board of Bank Austria Creditanstalt, which supervises the operations of the German HVB Group in Central and Eastern Europe.
Schoiswohl thus replaces Helmut Bernkopf as vice-president who leaves his position in Bucharest after three years to head the division that co-ordinates eleven markets in the region.
Out of Helmut Bernkopf's duties, the new vice-president takes over the human resources department.
On the other hand, the retail operations developed by HVB Romania are subordinated to the bank's president, Dan Pascariu, as is the communication.
"I will take care of all the retail operations from an interim position, considering our intentions to focus on an acquisition in this sector. I am not contemplating the launch of special new projects, but only the continuation and expansion of those already in progress," Dan Pascariu, HVB Romania chairman, told Ziarul Financiar.
He says the bank's assets continued to rise spectacularly in 2004. "This is a remarkable year. The HVB assets will probably be somewhere between 900 million and one billion euros by the end of the year," Pascariu says.
HVB ranked ninth among the banking chart by assets and by market share in mid 2004.
The powerful expansion of the credit portfolio, especially to the corporate sector contributed to an increase in the market share from 2.6% in June 2003 to 3.54% in June 2004, amid a substantial growth of the overall market. At the same time, the bank maintained one of the highest profitability rates in the system.
HVB became involved in a number of funding contracts this autumn, such as those for Alro, Terapia, CFR, Electrocentrale or Plaza Romania.
Helmut Bernkopf will continue to monitor HVB's operations in Romania both as an official in charge of this region and in his position as member of the Board of Directors of local branch of the group.
Wolfgang Schoiswohl is waiting for the National Bank of Romania to endorse his appointment to vice-president, according to the regulations in force.
Schoiswohl has an about 20 year expertise with Bank Austria, a financial institution that merged with Creditanstalt and is now a member of the German HVB Group. razvan.voican@zf.ro
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