Greece's NBG brings the head of the Serbian unit to run Banca Romaneasca

Autor: Liviu Chiru 22.04.2010

National Bank of Greece Greek financial group is going to appoint Marinos Stratopoulos, 46, at the helm of Banca Romaneasca. Stratopoulos has run the Serbian operations of the Greek group, according to market sources. Stratopoulos is not at his first term in Romania: he also ran the Romanian operations of another Greek financial group, Egnatia Bank, between 2001 and 2004. He will take over the position of general manager of Banca Romaneasca in May, but he first has to get the NBR's approval. Banca Romaneasca is a medium-sized player domestically, ranking 11th in terms of held assets at the end of last year, with a 2.6% market share. While NBG is one of the biggest financial groups on the Greek market, it has had a more conservative approach domestically and it has not rushed in the race for market share in the years of lending boom. Banca Romaneasca has 150 branches, set to undergo a refitting process, for the shift to NBG brand to be made in 2011.