“Romania underperforms compared to its neighbors… Firstly, the financial intermediation services are below the ones provided in Poland, the Czech Republic or Hungary, due to an almost inexistent representation in the rural areas,” said Claudiu Cercel, deputy general manager of BRD.
Speaking at the presentation of Deloitte’s 2011 Central European Top 500, Cercel said Romania will likely continue to underperform in the next years, unless the penetration rate in the rural regions increases.
BRD, Romania’s second largest bank by assets, is one of the two local lenders included in Deloitte 2011 Top 50 banks in central Europe, alongside BCR.