BRANCHES
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Two Former CEC Bank Branches In Bucharest And Targoviste, Bank's Property In Vaslui Put Up For Sale
Two former CEC Bank branches located in the capital city of Bucharest and the town of Targoviste, as well as a property owned by the bank in Vaslui, have been put up for auction on Azitis.com, an auction platform for distressed assets.
1,044 Bankers Left System and 184 Branches Closed Down in One Year
A number of 1,044 employees left the Romanian banking system and 184 subsidiaries and branches closed down in the period between the first nine months of 2020 and the first nine months of 20...
Electrica Has New Executive Board, Buys Stakes Held By Fondul Proprietatea
The Ordinary General Meeting of Shareholders of electricity distribution and supply company Electrica SA (EL.RO) elected a new Executive Board, on October 26, which comprises seven members a...
Christian Tour Opens Branches In Hungary, Serbia, Poland
Christian Tour, the largest local operator of charter vacations, announced Tuesday it will be opening branches in Hungary, Serbia and Poland.
Electrica Plans To Increase Its Branches’ Share Capital By RON25.4M
Romanian electricity producer and distributor Electrica plans to increase the share capital of its braches through contribution in kind representing several land plots worth a total 25.4 mil...
Hidroelectrica’s Legal Administrator Replaces Managers of Bistrita, Portile de Fier Branches
Remus Borza, head of Euro Insol, judicial administrator for Romania's insolvent power producer Hidroelectrica, replaced several managers of Hidroelectrica branches in Bistrita and Portile de...
Romanian Banca Transilvania Opens Branch In Rome, Shuts Down Cyprus Operations
Romanian lender Banca Transilvania (TLV.RO) will open a branch in Rome, Italy, in November and will shut down its operations in Cyprus as of December 1, the bank said in a statement Wednesda...
Volksbank Romania Invests EUR20M In Rebranding, Expansion
Volksbank Romania, the local unit of Austria’s Volksbank AG, will invest EUR20 million in rebranding, renovating and extending its branches by the end of 2013, said the bank’s vice-president...
UniCredit Resumes Expansion But With One Foot On The Break Pedal
UniCredit Tiriac Bank, the fifth largest lender in Romania, has gained trust to resume branch opening. However, the spectacular plan of opening 300 units in five years announced in late 2010...