The Greek brand Piraeus Bank will therefore disappear from Romania after almost two decades in the country, making room for the American brand.
“We were reborn on June 28, when the J.C. Flowers bought Piraeus Bank Romania. It was the beginning of a profound transformation for us. We are now working with a new shareholder, a new Board of Directors and a new management team,” said Dominic Bruynseels, chief executive of First Bank at the inauguration event.
First Bank wants to take banking services to a new level and do banking the American way, do it better than OK, he added.
The British executive, who has a three-decade banking experience and was CEO of BCR in 2008-2012 became CEO of First Bank, while Nicolae Danila, the former CEO of BCR during its privatization and former member of Romania’s central bank board of governors, is running First Bank’s board of directors.
(English version by Loredana Fratila-Cristescu)