Banca Romaneasca was established in 1993 as a private commercial bank. In December 1998, Romanian American Enterprise Fund became the controlling shareholder. RAEF exited Banca Romaneasca in 2003 by selling its stake to National Bank of Greece.
|Fund||Romanian American Enterprise Fund|
|Fund’s Return||3x cash on cash|
|Fund’s Contribution||The Fund chose the most appropriate development strategy by focusing mainly on financing SMEs and assured financing from reputed financial institutions like: EBRD, KfW, IFC, FMO, WB, PHARE, BIRD. RAEF has reinforced the management team and, through active leadership, succeeded to increase the total assets of the Bank by more than 3 times and the equity by more than 2 times between 1998 and 2002.|