The position of CEO at Banca Transilvania has been vacant for more than a year, after Robert Rekkers resigned at the beginning of 2012. Rekkers joined the Agricover group and currently serves as head of Agricover Credit IFN.
Tetik’s mandate as CEO of Banca Transilvania will expire in December 2016. He will take over the new position after he gets the approval of regulatory authorities, the bank said Tuesday.
Banca Transilvania shareholders include the European Bank for Reconstruction and Development (EBRD), with 14.6% of the shares, Bank of Cyprus (9.9%), regional investment fund SIF Moldova (SIF2.RO), Horia Ciorcila and the International Finance Corporation, the private lending arm of the World Bank.
Banca Transilvania expects its gross profit will increase 14.5% in 2013 to 388 million lei (EUR89.8 million), from RON340 million last year.
On the Bucharest stock market Monday, Banca Transilvania closed up 2.04%, at RON1.298 a share. (EUR1=RON4.3207)