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Saturday, January 21, 2006

BCP still interested in the Romanian Banking Market

Even though they have been defeated in the race for BCR (Romanian Commercial Bank), Banco Comercial Portugues (BCP) may launch a bank from scratch in Romania.

Still, BCP's interest in Romania does not look towards the comming Romania savings bank, CEC. BCP's chairman quoted it as being "out of the question".

In my opinion, one of the reasons for BCP's interest in Romania might be the powerfully emerging real-estate market, as BCP is comming with a very good experience from the Portugese market.

In Romania, there are about 1.5 new houses per 1000 inhabitants, while in Portugal the figure is much higher, about 10.5 new houses/1000 inhabitants. So, comming from such a strong real estate market, I would not be surprised for BCP to offer highly competitive real-estate financing options in Romania.

We'll have to wait and see.

Posted by Mihai : 1/21/2006 09:11:00 am