Thus, Alpha Bank dismissed the unit heads in the respective cities, according to a decision published in the Official Gazette.
Alpha Bank has in Romania around 40 units and almost 100 agencies, employing around 2,500 people, according to the bank’s website.
In 2014, Romanian banking market saw a complex process of units’ closedown and employee dismissal, in a move to cut costs over the last years.
End-2014, a number of 40 banks were operating on the local market employing a total of 58,000 people, the lowest level over the last nine years. The bank’s of employees and territorial network reduced by around 25% during number the financial crisis, considering the bankers were compelled to adjust to the low demand of loans.
(English version by Manuela Panescu)