EximBank enforced the system before CEC Bank, the only top state-owned bank left. In May 2015, the Minister of Finance nominated the new CEC Bank management, which will step in based on BNR approval. Until then, the current management was extended its mandate.
Also, Ministry of Finance nominated Enache Jiru, 49, as EximBank president and general manager. Jiru is currently secretary of state with Ministry of Finance.
Eximbank has a 1.1% market share and ranked 19th in the local banking system end-2014.
EximBank reported a net profit of RON46.6 million (EUR10.5 million) last year, slightly higher compared with 2013, while its operating profit rose 50% to RON121 million, on the backdrop of RON67 million provisions.
Founded in 1992, export-import lender EximBank offers financing, bank guarantees and insurance products to Romanian companies, particularly SMEs and companies developing EU-funded projects.
(English version by Manuela Panescu)