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May 12, 2021

First banking employers’ union in Romania

The Romanian Commercial Bank (BCR), BRD – Groupe SocieteGenerale, Raiffeisen Bank and UniCredit Tiriac Bank, with assets exceeding 45 percent in the local banking system, founded the first banking employers’ union in Romania.  The executive managers of the four lending institutions have filed the founding request and the articles and memorandum of association to the Bucharest Tribunal to set up the Council of the Banking Employers in Romania (CPBR), estimating that this process could end by the end of June, a release of the proposed institution reads.  “Our initiative is aimed at meeting the formal features of a professional organization that can represent the interests of the banking sector at all levels, the social, institutional level and as employers. We invite all banks conducting operations in Romania to join our initiative,” said Raiffeisen Bank President Steven van Groningen, who was nominated the president of the Board of Directors of CPBR. The Board also includes Rasvan Radu (UniCredit Tiriac Bank) – vice president, Philippe Lhotte (BRD – Groupe Societe Generale) – director and Tomas Spurny (BCR) – treasurer. The founding members pointed out that CPBR is not an alternative to the Romanian Banks Association (ARB), but a complementary organization aiming to promote the interests of its members before the authorities, trade unions and other institutions “as efficiently as possible.”

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