Tetik, 40, is one of the youngest top bankers in Romania. Before joining Banca Transilvania he had run Credit Europe Bank since 2010, a medium-sized player in Romania, with 5.1 billion lei (EUR1.18 billion) assets at the end of last year.
As Banca Transilvania CEO he will manage six times higher assets, RON30.2 billion, and will have to achieve an ambitious goal, that is boosting the market share to more than 10%, while keeping the lender profitable.
“The CEO’s goals are the bank’s goals. We are looking to consolidate market position (number three in the system) and increase market share by two or three percent in the next two years,” said Horia Ciorcila, Banca Transilvania’s chairman of the board. He is also one of its main shareholders, with almost 5%.
“We want a sound and effective growth and the CEO’s mission will be to restructure processes so as to keep costs under control and the bank profitable. He undertook to achieve the goals of the bank.”
Ciorcila, who has been chairman of the board since 2002, turned Banca Transilvania from a regional lender in the middle of the Romania’s bank ranking to the third leading bank in ten years. The strong development of Banca Transilvania, one of the success stories of the Romanian business sector, would not have been possible without the over nine year partnership of Ciorcila and Dutch banker Robert Rekkers, who served as CEO from 2002 through January 2012.
The new CEO of Banca Transilvania will have to relocate from Bucharest to Cluj-Napoca, where the bank’s headquarters are. Tetik has been living in Romania for thirteen years and was offered an attractive salary package to get him to move to Cluj, though Horia Ciorcila would not provide any details about it.
Omer Tetik, a Turkish national born in Germany, holds Romanian citizenship. He has an over 17-year experience in the banking sector. He is a graduate of the Faculty of Economics – Middle East Technical University of Ankara and is fluent in four languages, including Romanian.
(English version by Loredana Fratila-Cristescu)