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

22.04.2010, 18:37 17

National Bank of Greece Greek financial group is going toappoint 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 termin Romania: he also ran the Romanian operations of another Greekfinancial group, Egnatia Bank, between 2001 and 2004. He will takeover the position of general manager of Banca Romaneasca in May,but he first has to get the NBR's approval. Banca Romaneasca is amedium-sized player domestically, ranking 11th in terms of heldassets at the end of last year, with a 2.6% market share. While NBGis one of the biggest financial groups on the Greek market, it hashad a more conservative approach domestically and it has not rushedin the race for market share in the years of lending boom. BancaRomaneasca has 150 branches, set to undergo a refitting process,for the shift to NBG brand to be made in 2011.

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