The New Management of Exim Banca Romaneasca Approved by Shareholders

The leadership of Exim Banca Romaneasca will be ensured for the next four years by Traian Halalai as Executive President, Lidia Stan as Executive Vice President in charge of retail activities/CFO, Catalin Parvu as Executive Vice President responsible for corporate and treasury activities, and Codin Nastase as Executive Vice President in charge of internal control activities/CRO, following today’s decision by the General Meeting of Shareholders.

Additionally, the General Meeting of Shareholders decided to expand the structure of the bank’s Board of Directors (BoD) by including non-executive members: Andrei Razvan Micu as a non-executive member and Chair of the BoD, and Nina Puiu, Cristi Marcel Spulbar, Dragoa Gratian Popa, and George Liviu Maha as independent non-executive members.

The nominations for the bank’s new leadership will be submitted to the National Bank of Romania for approval.

Traian Halalai, nominated for a new term leading the bank, took over the management of EximBank in November 2012, when the bank ranked 21st in Romania’s banking sector by assets under management. Strategic and operational decisions, along with actions taken over time, enabled the bank to perform well and strengthen its market position, becoming one of the most valuable Romanian companies and entering the Top 10 largest banks by assets.

In December 2022, the bank completed the merger by absorption between EximBank as the absorbing entity and Banca Romaneasca as the absorbed entity, subsequently changing its name to Exim Banca Romaneasca. The merger marked a milestone in Romania’s banking sector, being the first time in history that a state-owned bank acquired a private bank. It also introduced a strong new player into the retail banking segment, aiming to diversify banking offers and increase the share of Romanian capital in the banking industry.

Currently, Exim Banca Romaneasca ranks eighth among Romanian banks by assets under management and continues to operate efficiently and profitably, ensuring sustainable business growth. In the first ten months of this year, Exim Banca Romaneasca recorded a 21% increase in operational revenues compared to the same period last year, along with a 12% rise in net profit.

Exim Banca Romaneasca is a universal bank with the Romanian state as its majority shareholder, holding 98.86% of its share capital through the Ministry of Public Finance. The remaining shares, 1.14%, are held by minority shareholders, including individuals and legal entities.

The bank offers a wide range of high-quality products and services tailored to the needs of individual and corporate clients. Exim Banca Românească operates a national distribution network of 82 branches and 26 Business Centers, the latter dedicated exclusively to companies. This network enables the bank to stay close to its retail and corporate clientele and implement various Romanian and European development programs. Moreover, acting as a state agent in the guarantees and insurance market, Exim Banca Romaneasca is one of the tools through which public funds provided by the Romanian state support the sustainable development of the economy.

November 25, 2024