With a new management team, the Cypriots at Marfin Bank areseeking to resume market share growth after last year's abruptslowdown, targeting the 1% mark by December.
"In Romania there are many growth opportunities for a bank oursize, because many players have taken a wait and see approach. TheMarfin group has a strong position as far as liquidity is concernedand they promised to support our business growth locally. We wantto secure a 1% market share by the end of the year, then we willaim higher," says Doros Ktorides, general manager of Marfin BankRomania. This could drive the bank into the top 20 out of 42, fromthe 23rd position held in December last year.
Ktorides came to the helm of the bank from the position of managerin charge of debt collection at group level. His tasks, however,also included coordinating the group's international lendingbusiness, so he kept a close eye on the progression of the Romaniansubsidiary in the past, as well.
Ktorides says Romania is the most important external market forMarfin, and that the group, with 43 billion euros in assets, theequivalent of half the Romanian banking system, is seeking toconsolidate its position here.
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