“Bancpost is still undergoing deleveraging (e.n. the process of paying off or reducing borrowed capital) as large part of our business is in the retail segment. I think the process will continue until the consumer confidence is restored,” Hassiotis said at the ZF Bankers Summit ’14.
Hassiotis said Bancpost plans to revise its three-year business plan, adding that Eurobank Ergasias, Greece’s third biggest bank and owner of Bancpost, views Romania as one of its strategic markets.
The bank’s chief said the local banking market could witness two to three transactions this year.
“I expect to see two or three deals signed this year. The Romanian market is on the investors’ radar, but I don’t see too many investors come running to buy a bank in Romania,” Hassiotis said.