This is the first time a foreign bank simply ups and leaves Romania, without any attempt to transfer its business. On the other hand, Caixa’s assets in Romania were not very sizable.
The Spanish financial group still manages some operations in Romania, under a partnership agreement signed with Austria’s Erste Group Bank AG (EBS.RO), the mother-bank of Romania’s largest lender BCR.
Caixa owns a little over 9% in Erste.
(English version by Florentina Dragu)