Raiffeisen Bank’s Board will total seven members, according to the bank statute.
The bank currently has a Board of five members, namely Steven van Groningen as president and chief executive officer CEO, James Stewart, the vice-president of the Treasury and capital market unit, Cristian Sporis, vice-president of the corporations unit, Vladimir Kalinov, vice-president of the retail unit, and Carl Rossey, as vice-president of Operations and IT.
Busuioceanu and Popa are going to be approved as Board members by the Romanian Central Bank.
Raiffeisen Bank Romania posted a 20.4% higher net profit at EUR72 million in January to September, from EUR60 million in the year-earlier period. The bank said total lending fell 4.3% on the year to EUR4.22 billion in the analyzed period.