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August 7, 2022

Rasvan Radu, CEO of UniCredit, elected President of the Council of Banking Employers

The Council of Banking Employers in Romania (CPBR), the employers’ organization of the country’s banking sector, appointed Rasvan Radu, CEO of UniCredit Bank, as the new President of its Board of Directors. Sergiu Manea, CEO of BCR, who held the position for the last three years, became Vice-president of CPBR.

The changes in the structure of CPBR’s Board of Directors were unanimously approved by its members and apply as of 19 April. Steven van Groningen, President and CEO of Raiffeisen Bank, remains a member of the Board together with Mihaela Bitu (CEO, ING Bank) and  Francois Bloch (CEO of BRD – Groupe Societe Generale), the latter also keeping the function as CPBR’s Treasurer.

“I wish to thank the members of CPBR for their confidence in appointing me as their president for the next three years, a nomination that honors me especially as it happens at a difficult time for the Romanian economy in the context of the COVID-19 pandemic,” Rasvan Radu said. “We know quite well that during the latest period the majority of employees, companies and communities have been suffering, that some of them find it very hard to cope with this situation and that support from banks shall be essential in the following period. We live in a difficult context and I therefore believe that we should all partner to help re-launch the economy, so that we can recover in the mid- and long term. We take our roles responsibly towards our employees, many of whom have worked in the front line during this period, towards our clients and towards communities, which we have been constantly supporting and shall continue in doing so.”

Rasvan Radu is one of CPBR’s founding members. CPBR was established in April 2014.

CPBR, through the Employers’ Federation of Financial Services in Romania – the FinBan Federation, is a member of the Concordia Employers Confederation, which is representative on a national level. The Concordia Employers Confederation, which represents both Romanian and foreign companies, counts some of the largest investors in the strongest sectorial federations, while also bearing the most relevant perspective on the social and economic realities in Romania. Concordia is also a member of BusinessEurope and IOE – International Organization of Employers.

CPBR and the FinBan Federation actively represent the banking sector as social partners through its permanent discussion agenda with trade union representatives grouped in the Insurances and Banking Trade Unions Federation – FSAB, a member of the “Cartel Alfa” trade unions confederation, which is representative on a national level.

CPBR encourages the practice of rotation of its members in heading its Board of Directors. CPBR’s members are Banca Comerciala Romana, BRD – Groupe Societe Generale, ING Bank, Raiffeisen Bank and UniCredit Bank.  The five banks together hold more than half of total banking assets in Romania, while their combined employees account for more that 50 percent of the total workforce in the country’s banking system.

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