BRCI said it is no coincidence for choosing Galati as the bank is part of GFG Alliance, a group which had acquired steel mill ArcelorMittal, renamed LIBERTY Steel.
“BRCI plans to be a niche bank, targeting natural persons, mostly with digital banking solutions. For legal entity customers, BRCI will provide mainly financing solutions for short-term lending needs, through domestic and export factoring services, credit lines and other similar products,” stated George Ciobanasu, President of BRCI’s Supervisory Board.
The lender also seeks to open ten units in Romania’s large cities in the near future and provide new facilities to its customers, including the option to open online accounts, with facile savings and crediting products, but at highly competitive costs.
BRCI is an integral part of GFG’s investment strategy in one of Europe’s most dynamic economies, after the acquisition of the steel platform in Galati, in July 2019, at the forefront of a transaction with Arcellor Mittal which included seven steel objectives for the amount of EUR750 million.