A new bank likely to receive BNR permit within the next months

National Bank of Romania (BNR) will likely authorize, within the next few months, the functioning of a new local-capital bank, as the lender had already submitted the required documents for founding, said the manager of the Supervisory Directory of BNR, Nicolae Cinteza.

“The documents for a new bank are in process of being approved, and normally, it would receive the authorization within approximately three months. It is a Romanian-capital lender that has positive premises,” said Cinteza on Friday at EU-COFILE seminar in Sinaia.

There are 42 operational banks in the Romanian market, including subsidiaries of foreign banks and Creditcoop. Six of these banks have majority local capital (CEC Bank, Banca Transilvania, EximBank, Banca Comerciala Carpatica, Libra Bank and Creditcoop).

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