Four months ago, Ministry of Finance publicly announced the proposed management team for CEC Bank, made up of Enache Jiru, president and general manager, Lucian Anghel, first-vice-president, Mihaela Popa, Cristian Tudorancea and Andrei Micu, as vice-presidents.
Lucian Anghel and Andrei Micu later withdrew, while Jiru (secretary of state with Ministry of Finance) and Tudorancea have not yet filed for BNR approval.
Mihaela Popa is currently CEC Bank vice-president. Thus, the mandate of the management team ran by Radu Ghetea is continuing until Ministry of Finance proposes a new complete team which gets BNR approval.
The Romanian Government has been trying for more than two years to replace Radu Ghetea but it hasn’t been able to propose a team that get BNR approval.
CEC Bank ranks 6th on the local banking sector. Since 2007, it has been run by Radu Ghetea, former president with Romanian Banking Association.
Premier Victor Ponta publicly asked Ghetea’s replacement as CEC Bank president after the bank approved a loan for the daughter for former president Traian Basescu. Should Ghetea had been replaced before the expiry of his mandate in May 2015, he would have received EUR700,000 as compensation.
Ghetea’s mandate finished in May but Premier Victor Ponta and minister of Finance Eugen Teodorovici have not been able to find a new management team.
(English version by Manuela Panescu)