EnglishThe Supervisory Board of Raiffeisen Banca pentru Locuinte (RBL), a subsidiary of Raiffeisen Bank dedicated to housing finance, has endorsed the appointment of Andrei Stamatian as President of RBL and of Aurelia Cionga as Vice President. The RBL has initiated the procedure for having the new management authorized by the National Bank of Romania (BNR), as legally required.
"Andrei coordinated the acquisition of HVB Banca pentru Locuinte and then, together with Aurelia, the merger between the RBL and HVB BpL. Therefore, they have the most suitable experience to integrate the two entities and successfully continue the strategy approved by the shareholders for the RBL," said Razvan Munteanu, Chairman of the Supervisory Board of the RBL.
The RBL reported net earnings of 4.5 million RON for the first half of 2009, which was the first half-year in the black since the establishment of this business unit of Raiffeisen Bank.
The RBL is property of Raiffeisen Bank (Romania), Bausparkasse Schwabish Hall (Germany) with 33.324% each and Raiffeisen Bausparkasse (Austria) with 33.35%. The initial share capital of 15 million EUR has been increased to the current 25 million EUR in RON-equivalent, according to the bank"s website.
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