Speaking at an investor conference organized by Austrian Erste Bank (EBS.RO), Bruynseels said the country’s second biggest bank, BRD Societe Generale has recently announced they will have a new CEO as of 2012.
Additionally, the merger between Greece’s banks Alpha and EFG is bound to take “quite some time”, while the next rival in line, Italy’s UniCredit, announced Romania was not a priority market, Bruynseels said.
“And then we have Raiffeisen and Transilvania, smaller but highly competitive,” he told investors.