The office in Iasi (northeastern Romania) was opened on May 24 and the office in Constanta (southeastern Romania) was opened on May 30.

The bank already has three offices in Bucharest where it plans to open another two by the end of the year.

TBI Bank Bucharest started operations on March 22, as a subsidiary of TBI Bank EAD Sofia. Dutch TBIF also operates the TBI Leasing and TBI Credit companies in Romania.

In 2013, the bank plans to grant loans of EUR60-70 million to individuals and small- and medium-sized enterprises (SMEs) and attract deposits of EUR30-EUR40 million.

Early April this year, the bank’s executive manager Florentina Mircea said the bank will continue to open new units in large Romanian cities like Bacau, Timisoara and Craiova where it has a significant portfolio of clients.

TBI Leasing and TBI Credit have 17 offices countrywide, some of which will be turned into banking units starting 2014.

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