“The local banking system is clearly starting to consolidate, but it won’t be a sudden process. It is a very favorable climate for us, as many banks maintain or even reduce their exposure. We have liquidities and we are able to fill in the areas left unoccupied,” EximBank’s president Traian Halalai said.
Speaking at the 2013 ZF Bankers Summit, Halalai said EximBank has already opened three new units this year.
“We want to open another two by year-end. We want to be present in the market.”
Halalai said EximBank’s revenue from treasuries purchasing has dropped to 60% of total revenue and the figure is expected to decline to 40% by the end of 2013.
“We have many financing requests from companies in not-so-traditional markets for Romania, such as South America, Azerbaijan, Turkmenistan or Afghanistan,” Halalai said.
(English version by Florentina Dragu)