Thus, Posta Romana will provide the retail products of Nextebank – loans, deposits, cards – in the majority of its units.
The agreement will be sent to the central bank (BNR) for approval in the upcoming days.
The project of the two companies was based on models successfully applied by postal companies in Europe. The project will also include “important investments” in the professional training of the postal company’s employees and units, the release reads.
Posta Romana is 75% owned by the Ministry for Information Society and 25% by investment fund Fondul Proprietatea (FP.RO).
Nextebank is a Romanian lender, established in 1993 under the name of Romexterra. It is currently owned by Emerging Europe Accession Fund.