ZF BANKERS SUMMIT '13

van Groningen: Romania Should Have No More Than Four Universal Banks

06.13.2013 By Ioana Tudor

The banking system in Romania will undoubtedly consolidate further because it becomes highly costly to keep a universal bank running and the local market is not able to support more than four universal banks in the long run, Raiffeisen Bank Romania president Steven van Groningen said Thursday.

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Keywords:
VAN GRONINGEN
, BANKS
, CONSOLIDATION