The bank will leave its space in the Union building on Ion Campineanu Street and on Unirii Boulevard. Only the branch operating at present will stay in the Union building.
“This is an important decision and is part of Banca Romaneasca’s strategy to boost operations efficiency,” says general manager Marinos Stratopoulos,.
Bank officials did not specify the duration or value of the contract. An office will be open for business on the ground floor of the Euro Tower. Employee offices will occupy four levels, between floors four and seven.
As a matter of fact, Banca Romaneasca helped finance the building, granting its developers a EUR24 million loan, plus RON12 million (the equivalent of around EUR3 million) together with Piraeus.
At the average rental price on the market, of EUR16-17 per month per square meter, Banca Romaneasca would pay a monthly rent of around EUR55,000, namely EUR660,000 per year.