The merger between EximBank, which is majority owned by the Romanian State through the Finance Ministry, and Banca Romaneasca, was officially registered in the Trade Register at the beginning of January 2023.
EximBank paid nearly EUR60 milion for Banca Romaneasca, while the capital acquired stood at some EUR130 million. The bank created by the merger will have RON21.5 billion assets, which will make it the eighth largest lender in Romania, and RON1.6 billion capital. EximBank completed the merger by absorption with Banca Romaneasca and entered the retail market in Romania on December 31, 2022, becoming a full-service bank.
Before holding the position of CEO of Banca Romaneasca, Lucian Anghel had been Chairman of the Board of Directors of the Bucharest Stock Exchange.
Lucian Anghel started his career in the banking sector back in 1996 at Banca Comerciala Romana (BCR), and subsequently held various management positions at BCR, BCR Pensii, BCR Banca pentru Locuinte.