BRD will nominate another candidate for the position, the bank said in a statement, without specifying a date. Meanwhile, Petre Bunescu will continue to head the bank in an interim capacity, BRD said.

Maymat, who served as CEO of Societe Generale in Cameroon, was nominated for the position in March, pending authorization from the Romanian central bank. He was supposed to replace Guy Poupet, following the latter’s resignation.

BRD is 59% owned by French group Societe Generale. The bank reported a 39% drop in its net profit to 83.4 million lei (EUR18 million) in the first quarter, due to higher risk costs.

At around 11:50 am, BRD’s shares traded down 1.61% at RON9.15 in Bucharest.(EUR1=RON4.6009)