The central bank said Mandres does not have enough experience for the job, therefore the Government will be looking for somebody else to fill the position, people close to the matter told MEDIAFAX.
Mandres, aged 45, was chief FX dealer at ING Bank in 2008 and subsequently left ING to work for Eximbank.
Mandres was appointed vice-president at Eximbank in September this year, after the bank’s president Ionut Costea was replaced with Traian Halalai, former deputy manager at Banca Romaneasca and one of Prime Minister Victor Ponta’s cronies.
Halalai received the central bank’s approval for the position.
The government is the majority shareholder of the Eximbank, with more than 95%, while regional investment fund SIF Oltenia (SIF5.RO) owns 3.27% and SIF Banat-Crisana (SIF1.RO), SIF Moldova (SIF2. RO), SIF Transilvania (SIF3.RO) and SIF Muntenia (SIF4.RO) own the rest. Under the circumstances, the appointments to the management of this institution are largely politically decided and the “tradition” was kept this time, as well.