ZF English

RIB president steps down

04.02.2004, 00:00 17



Ion Ghica, former president of the Romanian Commercial Bank (BCR) and the Romanian Savings Bank (CEC), who has until recently headed the Romanian International Bank (RIB), has resigned from RIB, citing personal reasons, or, more precisely, health problems, according to the bank's Board.



Vasile Coman was appointed in Ghica's position and was granted the National Bank of Romania's authorisation last week, together with the RIB's newly-appointed vice-president Florin Danescu.



"Ghica resigned last autumn, citing personal reasons, namely health problems. Under the circumstances, the bank's shareholder found it normal to name a new president," Vasile Coman, RIB's new president, told Ziarul Financiar.



Ion Ghica could not be reached for comment.



Ghica is one of the oldest and most renowned bankers in the Romanian banking system, with an impressive resume. Ion Ghica headed BCR, the largest Romanian bank, for almost a decade, while the bank's current president Nicolae Danila took his place in 1999. Following a period when he preferred to stay away from the banking system, in 2000, in the midst of the National Investment Fund (FNI) scandal, he was appointed CEC chairman, a position he kept for more than one year. He was appointed RIB president in 2002, a position that complemented his wish for anonymity.



Vasile Coman, 55, was appointed RIB president after having worked as managing director at the SME Credit Guarantee Fund. He had previously worked for Banca Agricola (the Agricultural Bank), where he used to run the lending and treasury departments.



"We aim to keep expanding on the Romanian market this year, but ours will be a well-balanced expansion. We are planning to add another three-four branches to our network and to work more in retail," Coman said.
oana.nuta@zf.ro



 

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