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Monday, February 14, 2005
The State intends to replace the top management of the Romanian Commercial Bank (BCR) in which the State is the largest shareholder.
Nicolae Danila, currently the executive president of the bank, may be replaced by Mihai Bogza, formerly a vice governor of the National Bank of Romania.
EBRD and IFC, holders of an aggregate 25% in the bank, have agreed with the move. T
he Government denied the rumors saying their priority was to privatize BCR under the best terms.
Posted by Iulia Rasoiu : 2/14/2005 09:30:00 am
BCR Top Management May Be Replaced
Nicolae Danila, currently the executive president of the bank, may be replaced by Mihai Bogza, formerly a vice governor of the National Bank of Romania.
EBRD and IFC, holders of an aggregate 25% in the bank, have agreed with the move. T
he Government denied the rumors saying their priority was to privatize BCR under the best terms.
Posted by Iulia Rasoiu : 2/14/2005 09:30:00 am
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