Besides Ciobanu, the Board of BCR BpL is made of Karmen Gudrun Schuster, sales executive vice-president, and Erwin Bernhard, financial and operations executive vice-president.

Ciobanu will step down as of October 1, 2012.

BCR BpL’s net profit more than tripled in the first half of 2012, to 10.8 million lei (EUR2.42 million), fueled by a 87% increase in deposits from clients, at RON986 million.

In the first half of 2011, BCR BpL posted a net profit of RON3.3 million, while deposits were at RON526 million.

End-June, the bank had over 273,000 active clients, compared with 220,000 during the same period a year before.

BCR BpL’s assets increased by 80% in January-June period, to RON1.087 billion, from RON610 million in the same period a year ago. (EUR1=RON4.5042)